In America’s vibrant business world, car franchising has emerged as an attractive option for bold entrepreneurs. And while demand in this sector is on the rise, the path to business profitability is not without its challenges. In this article, we’ll explore the crucial aspects of auto franchising in the United States, giving you essential information backed by real data and Interlink FBC’s expertise.
Ready to start engines? Read on to learn about the most prominent auto franchise investment opportunities.
About the U.S. Automotive Market
Over the decades, we’ve moved from classic cars from the ’50s to 21st-century sport utility vehicles. This evolution not only reflects advances in technology and design, but also profound changes in consumer preferences and needs.
For some years now, the demand for private vehicles in the United States has been experiencing a notable growth due to the need to get around. This paradigm shift created unprecedented opportunities in the automotive industry.
According to data from the latest report from the Automobile Manufacturers Association, sales of private cars grew by approximately 21.94% from 2021 to 2022. But how do you take advantage of this momentum? Get ready to find out why car franchises are a strategic choice in this thriving market.
And if you want to know which of these franchises best suits your objectives and resources, contact our team of experts to receive the advice you need.
Pioneering car franchises
The rise of auto product and service franchises in the United States can be traced back to the growing need for vehicle owners to maintain, customize, and upgrade their cars.
As automotive culture took root in American society, opportunities arose for visionary entrepreneurs in the automotive service space.
Pioneering brands such as Jiffy Lube and Midas excelled in offering fast and efficient maintenance services, filling a gap in the industry. Vehicle customization also became a booming market, with franchises specializing in accessories, details, and aesthetic improvements.
This focus on customization also extended to the exterior and interior aesthetics of cars. Details such as custom paint, exclusive upholstery and design improvements became distinctive elements that some franchises were able to capitalize on.
Featured Auto Franchise Options
Real experience investing in Tint World
We’ve previously highlighted some of the benefits of investing in a car franchise, and now we want to share with you the tangible experience of a customer who chose Tint World. It is essential to note that Tint World specializes in vehicle customization services, offering a wide range of services to meet various needs. Watch the video to find out how our client fared:
Victory Lane Quick Oil Change Review
Since its inception in 1980, the Victory Lane Quick Oil Change franchise has been a mainstay in the global automotive and marine arena. Playing a pioneering role in the franchise business, this brand has consistently set the standard for excellence and innovation.
It’s worth noting that Victory Lane Quick Oil Change began franchising in 1986, marking a milestone in the company’s history.
How much does the Victory Lane Quick Oil Change franchise cost?
The cost of opening a Victory Lane Quick Oil Change franchise can vary depending on a variety of factors. On average, it is expected to invest between $203,650 and $561,500 dollars. This range includes expenses such as the initial franchise fee, equipment, signage, seating, and other essential costs.
How many franchise locations does Victory Lane Quick Oil Change have?
Victory Lane Quick Oil Change operates an extensive network of franchise locations, totaling 36 in the United States alone. Of these, 16 are franchised units, while 20 are owned by the company. This extensive franchise presence highlights the brand’s reach and popularity in the U.S. market.
*Data as of the date of publication of this article
*Values expressed in US dollars
Final Words on Investing in Car Franchises
In the world of auto franchising in the United States, being thriving is a tangible possibility. Like Tint World and Victory Lane Quick Oil Change, there are many car franchises that have established themselves in the industry, and we know them.
With an in-depth understanding of the market, the ability to adapt to trends, and the expert support of Interlink FBC, you’ll be well on your way to achieving your business goals. Contact us.
