Must Have Revenue Streams for US Auto Repair Shops in 2024 and Beyond
Frédéric Baroin
Global Head of Automotive Business at Anyline
The auto repair industry is a $116 billion industry with over 168,000 businesses operating in the US within it. This industry employs 690,000 people. From 2016 to 2021, the number of businesses added to this was 0.5%, impressive in its own right. More so, the average auto repair shop generates $705,000 in revenue each year, supporting employees and their communities.
According to IMR and AutomotiveResearch.com, finding affordable parts and finding qualified technicians have remained the top challenges for US auto repair shops over the last couple of years. Yet, there is a changing dynamic in this industry, one that auto shop technicians must take into consideration if they are to see impressive results.
Now Is the Time to See Change
Tires are a big part of a successful auto repair shop in the future, especially as EVs take over. Shifting to digitalizing information from tires reassures customers, provides more unbiased information, and increases not just the speed of work but also the profit margins for companies. Today’s auto repair shop that wants to improve profits for the future will need to make a move to tire service, but doing so with Anyline can make the entire process far more efficient and effective, even reducing labor costs while improving customer satisfaction.
