Auto Repair Statistics 2024 – Everything You Need to Know

by

Are you looking to add Auto Repair to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Auto Repair statistics of 2024.

My team and I scanned the entire web and collected all the most useful Auto Repair stats on this page. You don’t need to check any other resource on the web for any Auto Repair statistics. All are here only 🙂

How much of an impact will Auto Repair have on your day-to-day? or the day-to-day of your business? Should you invest in Auto Repair? We will answer all your Auto Repair related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Auto Repair Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 103 Auto Repair Statistics on this page 🙂

Auto Repair Market Statistics

  • 75% of aftermarket auto repair is performed by independent auto repair shops, while 25% of the business lives with dealerships. [0]
  • Within the first 6 months of relocating, 54% of new movers are in market for auto repair services and 49% for auto parts. [0]
  • In addition, it can increase the demand for aftermarket products and services by as much as 50%. [1]
  • More importantly, independent auto repair shops perform 75% of the aftermarket automobile repair services for the auto repair industry. [1]
  • We’re also seeing a shift away from dealership repairs, which now account for only 25% of aftermarket auto repair. [2]
  • The global automotive repair and maintenance market is expected to decline from $693.5 billion in 2019 to $691.7 billion in 2020 at a compound annual growth rate of. [3]
  • The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $828.6 billion in 2024.Asia Pacific was the largest region in the global automotive repair and maintenance market, accounting for 33% of the market in 2019. [3]
  • Western Europe was the second largest region accounting for 30% of the global automotive repair and maintenance market. [3]

Auto Repair Latest Statistics

  • The typical car on the road in the U.S. is a record high 11.5 years old, according to a new IHS Automotive survey. [0]
  • Auto makers sold 17.5 million cars and light trucks, a 5.7% over the previous year. [0]
  • According to a 2015 article by USA Today, “The number of vehicles on the road that are at least 25 years old is about 14 million. [0]
  • That’s up from 26 million in 2002, according to IHS.”. [0]
  • The average age of the U.S. vehicle fleet has increased 17% in the last ten years. [0]
  • The average length of vehicle ownership for new and used vehicles has increased 60% in the last ten years. [0]
  • 85% of movers use the first vendor that contacts them, so be sure to get your offers in front of new consumers to the area before your competition has the chance. [0]
  • According to research by Google titled “Understanding Consumers’ Local Search Behavior”, 4 in 5 consumers use search engines to find information before making a purchase decision. [0]
  • 53% of searchers click on the first organic result, with 25% clicking on the second and third results. [0]
  • Including an estimated 16,000 establishments across the United States, this industry is estimated to be valued at $880 billion annually. [4]
  • The auto repair industry is considered fragment with over 50 of the largest companies only accounting for 10% of the industry. [4]
  • Automotive transmission and repair – 6.70%3. [4]
  • $1 million or more – 26%$750K – $1 million – 10%$350,000 – $749,999 – 20%$250,000 – $349,999 – 10%Less than $249,999 – 34%. [4]
  • Household customers make up the largest share of the industry at 75%.2. [4]
  • Consumers 45 years and old account for 35% of industry revenue.3. [4]
  • Consumers age 35 44 account for 14% of the industry.4. [4]
  • Business customers contribute 22% to industry revenue.5. [4]
  • Government customers account for 3% of the overall industry.6. [4]
  • 2.5% of annual growth is expected in the Auto Repair industry.7. [4]
  • 3.6% of all Auto Mechanics are women, while96.4%aremen. [5]
  • The most common ethnicity of Auto Mechanics is White (65.6%), followed by Hispanic or Latino (17.2%) and Black or African American (9.9%). [5]
  • In 2021, women earned 97% of what men earned. [5]
  • The top 10% of highest paid Auto Mechanics earn as much as $53,000 or more. [5]
  • Among Auto Mechanics, 3.6% of them are women compared to 96.4% which are men. [5]
  • Job Title Male Female Phlebotomy Services Technician 12% 88% Human Service Technician 28% 72% Auto Mechanic 96% 4% Crane Mechanic 99% 1% Farm Equipment Mechanic 99% 1% Car Repairman 99% 1%. [5]
  • The most common ethnicity among Auto Mechanics is White, which makes up 65.6% of all Auto Mechanics. [5]
  • Comparatively, there are 17.2% of the Hispanic or Latino ethnicity and 9.9% of the Black or African American ethnicity. [5]
  • White, 65.6% Hispanic or Latino, 17.2% Black or African American, 9.9% Asian, 4.6%. [5]
  • Unknown, 2.0% American Indian and Alaska Native, 0.7%. [5]
  • Using the Census Bureau data, we found out how the percentage of each ethnic category trended between 2010 2019 among Auto Mechanics. [5]
  • Interestingly enough, the average age of Auto Mechanics is 40+ years old, which represents 50% of the population. [5]
  • Auto Mechanic Years Percentages The most common degree for Auto Mechanics is High School Diploma 47% of Auto Mechanics earn that degree. [5]
  • A close second is Associate Degree with 20% and rounding it off is Diploma with 15%. [5]
  • High School Diploma, 47% Associate, 20% Diploma, 15%. [5]
  • Other Degrees, 9% Auto Mechanic Degree Percentages Auto Mechanic Wage Gap By Education. [5]
  • < 50 employees 50 100 employees 100 500 employees 500 1,000 employees 1,000 10,000 employees > 10,000 Company Size Percentages Employees with the Auto Mechanic job title have their preferences when it comes to working for a company. [5]
  • By looking over 10,606 Auto Mechanics resumes, we figured out that the average Auto Mechanic enjoys staying at their job for 1 2 years for a percentage of 33%. [5]
  • Job Title LGBT Job Openings Motor Mechanic 1.29% 38,208 Farm Machinery Mechanic 1.44% 42,045 Auto Mechanic 1.72% Body And Fender Worker 1.99% 37,406 Small Engine Specialist 2.14% 3,024. [5]
  • Tire Mounter 2.91% 4,032 Rocket Engine Mechanic 3.67% 38,271 Profession Percentages of LGBT Job Openings. [5]
  • The most common foreign language among Auto Mechanics is Spanish at 64.2%. [5]
  • The secondmost popular foreign language spoken is French at 6.6% and Russian is the third most popular at 5.3%. [5]
  • Spanish, 64.2% French, 6.6% Russian, 5.3% Chinese, 3.3% Carrier, 3.3%. [5]
  • November 24, 2021 Greased up Demand for automotive repairs will likely remain strong due to an aging vehicle fleet Auto Mechanics in Canada industry trends. [6]
  • IBISWorld expects that industry revenue will rise at an annualized rate of 2.0% to $10.3 billion over the five years to 2021, including an increase of 6.7% in 2021 alone. [6]
  • attach_money Market Size $10bn business Number of Businesses 27,833 poll Average Industry Profit Margin x.x% Purchase this report or a membership to unlock the average company profit margin for this industry. [6]
  • supervisor_account Industry Employment 44,978 Biggest companies in the Auto Mechanics industry in Canada pie_chart Fix Auto World Market Share x.x% Purchase this report or a membership to unlock our full summary for this industry. [6]
  • This represents a 14.9% increase in employment when compared to May 2020. [7]
  • According to ACS estimates, the number of people employed in the Automotive repair & maintenance Industry Group has been growing at a rate of 2.27%, , from 1.08M people in 2018 to 1.11M people in 2019. [7]
  • Automotive service technicians & mechanics represent the largest share of positions held in Automotive repair & maintenance at 39.9%, followed by Automotive body & related repairers with 9.87% and. [7]
  • Gender Composition 89.5% of workers in the Automotive repair & maintenance Industry Group are Male, making them the more common gender in the workforce. [7]
  • The national workforce is projected to grow 7.66% in the next ten years. [7]
  • The Automotive repair and maintenance industry has a lower projected workforce growth at 3.48%. [7]
  • Its projected 10 year growth in output (12.1%) is lower than the projected national growth in output (24.2%). [7]
  • This industry is expected to grow less than than 7.66%, the average rate of national job growth. [7]
  • However, the survey also reveals that the majority of U.S. drivers have singled out an auto repair shop that they do trust, suggesting that consumers have prioritized finding a reliable mechanic in an industry with imperfect reputation. [8]
  • Negative past experiences Concerns that the work will not be done correctly. [8]
  • Baby Boomers are also more likely to have a chosen auto repair shop that they trust compared to Millennials and Gen. [8]
  • As a result, shares in major auto parts stores like O’Reilly Automotive have fallen about 22%. [1]
  • New business models that combine and are driven by connectivity services, shared mobility, and feature upgrades are a new trend to expand the automotive revenue pool by more than 25%. [1]
  • Despite the upcoming shift toward shared mobility, global sales of automobiles will continue to grow, albeit by a lower 2% annual rate by 2030. [1]
  • Research shows in 2024, there will be an estimated 76 million vehicles aged 16 years or older in the United States. [1]
  • The number of vehicles 5 years old or less is predicted to increase by almost 25%. [1]
  • It’s estimated that by 2024, 18% of American households will use an auto repair service at least once a year. [1]
  • Automobiles that are age 12 years or older are anticipated to increase by 15%. [1]
  • In the past decade, the average length of time new and used automobiles are owned increased 60%. [1]
  • According to a report published by Ibis world, the auto repair industry has grown at a steady pace from 2012. [2]
  • Here are some of the key numbers coming out of this Ibis world report 64, 2.5%, 565,110, and 258,416. [2]
  • That 2.5% is the growth seen from 2012 2017; the growth that is predicted to continue for at least five years. [2]
  • A report published by V12Data found that the average age of the U.S. vehicle fleet has increased by 17% over the past decade; so it’s not just individuals looking to get more life out of their autos. [2]
  • Automotive Repair and Maintenance Market Size, Percentage Of GDP, 2015. [3]
  • While there was a slight dropoff in repair related expenses at the onset of the pandemic, according to data from LendingTree, our sister site, consumer spending increased throughout the summer and was ultimately 124% greater than it was in 2019. [9]
  • ValuePenguin researchers found that the amount of money spent on these services increased by 123% compared to 2019. [9]
  • Expenses for general automotive repairs increased by 124% from the year before. [9]
  • Americans spent 162% more on towing, 124% more on new tires and 117% more on car washes and detailing than in the year before. [9]
  • Consumer spending for repairs, general maintenance and other incidental expenses went up by 23% in 2020. [9]
  • The coronavirus pandemic contributed to Americans driving 432.8 billion fewer miles in 2020 than in 2019, according to the Federal Highway Administration. [9]
  • According to a previous ValuePenguin analysis, the money spent on car and truck rentals grew by 143% in 2020, with uninterrupted growth from May to September. [9]
  • The largest yearover year increase in the amount spent on auto repairs was in January 2020, when consumers spent 268% more than in January 2019. [9]
  • In March 2020, consumers spent 144% more on repairs than in 2019, but that figure dropped to 86% in April. [9]
  • After this point, the amount spent on auto repairs and maintenance compared to the year before increased to at least 100% from May to September before trailing off to 96% in October. [9]
  • Overall, consumer spending per transaction grew by 23% across repair, maintenance and incidental categories. [9]
  • Americans paid 24% more per instance of towing in 2020 than in the year before. [9]
  • The cost of car washes and detailing services grew by 20% in 2020, while the cost of tires grew by 11%. [9]
  • The cost of general repairs and maintenance grew by 15% per transaction from 2019 levels. [9]
  • Expenses through March 2021 equaled 32% of the previous year’s. [9]
  • Spending in 2021 would come to 128% of 2020’s if this trend continues. [9]
  • There were an estimated 268.8 million vehicles registered in the United States in 2016. [10]
  • According to IHS Economics, the tire and auto repair business made an estimated $44 billion dollars in 2016, up from $41.92 billion in 2015. [10]
  • According to an IHS Automotive survey, the average age of a vehicle operating in the America is 11.5 years, which is a record high. [10]
  • The number of vehicles that are older than 12 years is projected to rise by 15% over the next five years. [10]
  • Large employers, those with more than five hundred persons on payroll, accounted for 0% of the total establishments. [11]
  • Savvy will help you, 100% free Asian automakers continued to rack up top reliability ratings with Honda, Acura, Kia, Hyundai and Mazda forming the top five. [12]
  • On average, across all models, 12% of repairs are considered severe. [12]
  • Savvy will help you, 100% free Cost. [12]
  • When women request a lower price, they receive a price cut from the repair shop more often than men do 35 percent of the time compared with 25 percent for men. [13]

I know you want to use Auto Repair Software, thus we made this list of best Auto Repair Software. We also wrote about how to learn Auto Repair Software and how to install Auto Repair Software. Recently we wrote how to uninstall Auto Repair Software for newbie users. Don’t forgot to check latest Auto Repair statistics of 2024.

Reference

  1. v12data – https://v12data.com/blog/a-look-at-trends-and-statistics-in-the-automotive-aftermarket-industry-2017/.
  2. linchpinseo – https://linchpinseo.com/trends-auto-repair-industry/.
  3. tuffyfranchising – https://tuffyfranchising.com/auto-repair-industry-stats/.
  4. prnewswire – https://www.prnewswire.com/news-releases/automotive-repair–maintenance-market-analysis—trends-developments-and-growth-deviations-resulting-from-covid-19-301084303.html.
  5. brandongaille – https://brandongaille.com/29-auto-repair-industry-statistics-and-trends/.
  6. zippia – https://www.zippia.com/auto-mechanic-jobs/demographics/.
  7. ibisworld – https://www.ibisworld.com/canada/market-research-reports/auto-mechanics-industry/.
  8. datausa – https://datausa.io/profile/naics/automotive-repair-maintenance.
  9. aaa – https://newsroom.aaa.com/2016/12/u-s-drivers-leery-auto-repair-shops/.
  10. valuepenguin – https://www.valuepenguin.com/year-over-year-changes-automotive-repairs-and-expenses.
  11. tuffyfranchising – https://tuffyfranchising.com/the-stats-on-tire-and-auto-repair-businesses/.
  12. ic – https://www.ic.gc.ca/app/scr/app/cis/businesses-entreprises/8111.
  13. repairpal – https://repairpal.com/reliability.
  14. theatlantic – https://www.theatlantic.com/sexes/archive/2013/06/auto-repair-shops-tend-to-overcharge-women-except-when-they-dont/276884/.

How Useful is Auto Repair

First and foremost, auto repair is crucial for keeping our vehicles in good working condition. From routine maintenance like oil changes and tire rotations to more complex tasks like engine repairs and transmission replacements, auto repair technicians are instrumental in ensuring that our cars remain reliable and safe on the road. Without these skilled professionals, our vehicles would quickly become unsafe, unreliable, and would likely not last very long.

Secondly, auto repair is essential for saving us money in the long run. While it may seem like a hassle to have to bring your car into the shop for repairs or maintenance, the reality is that neglecting these tasks can lead to much costlier issues down the road. By staying on top of regular maintenance and addressing any problems as soon as they arise, you can prevent major issues from occurring and ultimately save yourself a significant amount of money on repairs.

Furthermore, auto repair is useful for ensuring the resale value of your vehicle. Whether you plan on trading in your car or selling it privately in the future, having a record of regular maintenance and timely repairs can increase the resale value of your car. Potential buyers are much more likely to pay a premium for a well-maintained vehicle that has a clean bill of health than one that has a laundry list of neglected repairs.

In addition to these practical benefits, auto repair can also be a source of peace of mind for many drivers. Knowing that your car is being properly taken care of and is in good working condition can alleviate a lot of stress and worry that often comes with car ownership. Having a trustworthy mechanic that you can rely on to keep your car running smoothly can provide a sense of security that is invaluable in today’s fast-paced world.

However, despite all of its usefulness, auto repair is not without its drawbacks. It can be expensive, time-consuming, and sometimes frustrating to deal with unexpected car repairs. Finding a reputable, reliable mechanic can also be a challenge, as some shops may try to upsell unnecessary services or overcharge for repairs. It’s important to do your research and shop around for the best mechanic that fits your needs and budget.

Overall, auto repair is undeniably useful for keeping our vehicles running smoothly, saving us money in the long run, and providing us with peace of mind. While it may not always be the most fun or convenient task to deal with, it is an essential part of car ownership that cannot be overlooked. So the next time you find yourself in need of auto repair services, remember the many benefits that it offers and the importance of keeping your vehicle in good shape for the road ahead.

In Conclusion

Be it Auto Repair benefits statistics, Auto Repair usage statistics, Auto Repair productivity statistics, Auto Repair adoption statistics, Auto Repair roi statistics, Auto Repair market statistics, statistics on use of Auto Repair, Auto Repair analytics statistics, statistics of companies that use Auto Repair, statistics small businesses using Auto Repair, top Auto Repair systems usa statistics, Auto Repair software market statistics, statistics dissatisfied with Auto Repair, statistics of businesses using Auto Repair, Auto Repair key statistics, Auto Repair systems statistics, nonprofit Auto Repair statistics, Auto Repair failure statistics, top Auto Repair statistics, best Auto Repair statistics, Auto Repair statistics small business, Auto Repair statistics 2024, Auto Repair statistics 2021, Auto Repair statistics 2024 you will find all from this page. 🙂

We tried our best to provide all the Auto Repair statistics on this page. Please comment below and share your opinion if we missed any Auto Repair statistics.

Leave a Comment