While taking the car to the shop may be an unpleasant chore for most people, the auto repair sector is a crucial industry within the US, even when an underappreciated one.
We have gathered some relevant car repair statistics to indicate you the common costs, the industry’s worth and employment charges, and the most recent developments within the sector.
We will additional talk about the implementation of new technologies, the costs and recognition of electrical and hybrid vehicles, and what consultants predict for the future of the industry.
These stats will inform you every little thing you want before heading to the mechanic.
Statistics on Car Repair Cost and Trends (Editor’s Pick)
* The US car market offered over 14,500,000 vehicles in * The average annual wage of auto repair and maintenance employees is $43,251
* 18.7 million electric vehicles might be on the US roads by * The CAGR of the automotive repair industry is 7% for the interval
* 51% of drivers have tire jacks of their vehicles
* An engine overhaul for a Ferrari costs up to $30,000
* People maintain their automobiles for eight.four years on average
* Women account for 10.4% of the automotive engineer workforce
Auto Repair Industry Statistics
1. The US automotive market made 14,575,347 vehicle sales in 2020.
(CarSalesBase) was a troublesome 12 months for almost all industries. Similarly, automotive gross sales statistics show a noticeable drop within the number of vehicles.
Approximately 2.5 million fewer vehicles had been bought than in 2019 — 14.53% distinction. That is probably the most significant drop since 2009, when gross sales plummeted by 21.25%.
2. The US automotive repair industry has 162,000 institutions.
The vehicle repair industry in the US is home to some main corporations, similar to Safelite Group, Meineke, and Midas, and contributes $115 billion annually to the financial system.
3. 564,647 car mechanics work within the US.
Given the auto repair sector’s huge scope, it’s no surprise over half one million mechanics currently work in the US.
According to automotive repair industry statistics, 67.5% of all enterprises are nonemployers.
4. The automotive collision repair industry will grow at a CAGR of 3.3% by 2026.
(Global Market Insights)
The market measurement for auto collision repairs was $304.9 billion in 2019. The industry is projected to expertise gradual progress in the next six years as a outcome of elevated traffic quantity. This, in turn, results in a rise in various sorts of car accidents.
On-road traffic progress in emerging economies and extra lenient traffic policies shall be significant catalysts for this development. Auto repair industry evaluation reveals experts predict the market size to succeed in $306.eight billion by 2026.
5. Auto repair and maintenance industry workers earn a mean of $43,251 annually.
Automotive repair industry evaluation exhibits a serious gender wage gap in this line of work. While men make a median of $44,392 per 12 months, women receive solely $33,489.
6. The world auto part and accent manufacturing industry’s value is $2 trillion.
Between 2015 and 2020, the worldwide marketplace for auto half and accessory manufacturing grew by 3.2%.
According to the latest auto elements industry statistics, there are around fifty seven,965 manufacturers, and the sector employs 6,611,713 people worldwide.
Much of the industry growth by 2023 will come from the elevated purchasing energy of Brazil, Russia, India, and China.
7. By 2029, the job market for automotive service technicians and mechanics will shrink by 4%.
Despite the car industry’s future growth, car repair statistics reveal the job market for service technicians and mechanics will get smaller.
While the explanations behind this shrinkage are advanced, technological innovations would largely lead to fewer of these jobs. The increase in vehicles with distant prognosis instruments and predictive maintenance will make some services much less needed.
Auto Repair Industry Trends . Approximately 18.7 million electric vehicles shall be on US roads by 2030.
Data on the electrical automotive service industry reveals that by 2030, 7% of all US vehicles will be electric.
We can also discover the rise of the EV in Tesla statistics. The company had an impressive income of $21.46 billion in 2018 and noticed development of 30% in 2019.
9. Around 5.4 million hybrid electric vehicles have been offered in the US since 2019.
1.4 million plug-in electric cars have been offered since they came out in 2010.
The automotive stats reveal that out of the 32 hybrid fashions in the marketplace, Toyota RAV4 was bought essentially the most in 2019 — ninety two,525 gross sales. Ford Fusion & Milan offered 49,603 items that yr.
10. The automotive repair industry’s projected CAGR for is 7%.
The car repair industry is projected to expertise regular progress from 2021 onwards. By 2030, the market value is estimated to reach $828.6 billion.
Before the 2020 pandemic, the Asia-Pacific region was essentially the most vital for the sector. In 2019, it accounted for 33% of worldwide sales.
11. The costs for used vehicles elevated by practically 30% in a yr.
Automotive service industry analysis and statistics show a big rise within the prices for used vehicles from May 2020 to May 2021.
Used car sales statistics show that the prices dropped when the pandemic started. It was the countrywide economic shutdown that trampled demand and depressed costs. The prices started rising, however this time from a much decrease preliminary level. Consequently, used cars’ prices rose sooner than the new ones.
12. In the second quarter of 2020, 50% of repaired vehicles underwent DTC scanning.
Diagnostic Trouble Code (DTC) scanning has grown in recognition lately.
One of the numerous auto repair tendencies is using DTC scanning earlier than and after a collision repair because of the effectiveness of this procedure. For comparison, in 2019, only 10% of the automobiles went by way of such scanning.
thirteen. fifty seven.6% of repair retailers and dealerships observe more customers laying aside maintenance because of COVID-19.
The coronavirus pandemic has placed most industries in a stranglehold, leaving many individuals strapped for cash. As a end result, more clients wish to reduce prices by laying aside their car maintenance.
We see these automotive repair industry tendencies for 2020 mirrored in the data. For instance, the necessity for car maintenance has grown by sixty two.3% because of automobiles not being used in the course of the pandemic.
14. By 2028, the job market for automotive repair specialists will develop by 0.3% annually.
Although the job market for mechanics could droop, the car repair sector’s total labor pool will increase barely.
According to auto repair industry statistics, between 2020 and 2028, the job market in this industry will grow by 6.89% and can employ 967,000 folks.
15. North America accounts for 27.2% of the world’s automotive repairs and maintenance.
According to the most recent analysis, North America accounts for a major chunk of the worldwide car repair sector in phrases of value.
Automotive repair developments point out that the area will rise in importance on the worldwide stage — with a 5.8% CAGR in the period.
Glass repairs are rising in reputation due to one of the biggest auto repair industry developments at the moment — HUD expertise.
Heads-Up-Display tech reveals all of the relevant data in the nook of your windshield. Consequently, increasingly drivers integrating it into their vehicles are going for glass-related repairs.
Car Maintenance Data and Stats
17. Prices for lithium-ion battery packs dropped by 89% within the final ten years.
One major factor contributing to the growing accessibility of EVs is the cheaper manufacturing tech.
Battery packs have turn into much more streamlined, leading to decrease prices for shoppers. Material technology and breakthroughs in chemistry have allowed for a less expensive manufacturing course of.
In 2019 alone, lithium-ion battery packs’ prices dipped by 13%, as our automotive repair market analysis uncovered.
18. 51% of drivers have a tire jack available of their cars.
People typically lack the right tools for particular emergencies — solely 47% of drivers have jumper cables of their vehicles. That’s why US roadside assistance services receive 1.seventy six million calls every year, on average.
Car repair stats additionally indicate that 31% of cars are extremely cluttered.
19. New cars value $1,186 per 12 months to maintain on average.
One factor any car buyer ought to think about earlier than making a purchase order is the price of maintenance.
Fuel and oil, common repairs, and maintenance can make a dent in your earnings. Automobile repair statistics counsel that maintaining a brand new car costs over $1,000 annually. Furthermore, the standard American family spent $2,094 on motor oil and fuel in 2019.
20. A Ferrari engine overhaul can cost as much as $30,000.
Ferraris are extremely costly for maintenance — almost as a lot as a new car.
For instance, car repair statistics by brand reveal that the typical motor overhaul costs $7,000. Such maintenance must be carried out a minimum of every five years. If there are further points with the engine, the price can go as much as $30,000.
21. Around 19% of people have neglected to clean their automobiles up to now three months.
35% of the drivers are unsure how typically they need to wash their vehicles. Moreover, car maintenance statistics reveal that around 10% of individuals can’t even recall the final time they did.
22. The average annual value of car repair in Vermont was $342.14 in 2019.
A comparison of the typical car repair cost around the US shows Vermont had the cheapest services in 2019.
Other affordable alternate options had been Michigan with $350.77, Wisconsin with $349.08, and Ohio with $348.79.
In stark contrast, California had the best average value of $414.24 that 12 months.
Other Curious Auto Repair Statistics
23. People keep their automobiles for eight.4 years on common.
The average length of car possession reveals that drivers are inclined to keep Toyota Land Cruisers the longest — 11.4 years. The Chevrolet Corvette’s common possession length is 10.5 years.
On the other hand, the Nissan Rogue is a popular car that house owners don’t maintain for very long — 6.8 years on average.
24. Opening a one-bay shop with primary gear costs around $50,000.
Auto repair shop industry analysis reveals that even a modestly outfitted, one-bay shop with a single-vehicle lift is pricey to ascertain.
The costs get even greater if you want a extra advanced car shop. A shop with two vehicle lifts and more subtle equipment can price round $75,000.
25. The average age of auto repair and maintenance industry workers is forty.9 years.
(Data USA, BLS)
The average age of the employees in the car repair sector is close to the national median of forty one.9.
Stats on auto industry demographics reveal technicians and mechanics have a big wage hole by ethnicity. Native Americans earn probably the most on common — $41,682 per year, and mixed-race staff the least, with an annual wage of $23,169.
26. 10.4% of automotive engineers are women.
The field of automotive engineering is overwhelmingly male, no much less than 80% of the workforce. The rest of the automotive industry demographics is both female or undetermined.
The majority of automotive engineers are white, comprising 73% of the labor pool. Asian-Americans are the second-largest ethnic demographic — 14.3%.
African American staff comprise 2.9% of the car engineer workforce. At zero.5%, Native Americans are the smallest ethnic group in this profession.
Car Repair Statistics — Wrapup
The above statistics define the most vital elements of this sector and provide you with a good suggestion of its present situation. We also gathered sensible info similar to how a lot sustaining a car prices and the way long individuals tend to hold their vehicles.
The car repair data signifies further development and development of the industry. Some noticeable tendencies are a extra digitized strategy to dealing with repairs, corresponding to DTC scans, and the combination of technologies like HUD.
With electric and hybrid vehicle sales on the rise, we’re looking ahead to seeing how the new technologies reshape the automotive repair market.
People Also Ask
What are the most typical car repairs? The most frequent car repairs are oil change and filter replacement, as it ensures the car’s efficiency and prolongs its lifespan. Replacing wiper blades and washer fluid typically occurs too.
Air filter replacement to make sure breathability in the car and scheduled maintenance comply with in frequency.
Putting on new tires or battery or brakes-related work is among the many important reasons to visit the mechanic.
How big is the auto repair industry? The US car repair sector is substantial — an estimated 564,647 car mechanics work in 162,000 institutions.
The market dimension of the car collision repair industry was worth $304.9 billion in 2019. Experts predict it will continue rising up to $306.eight billion by 2026.
How many vehicle repair outlets are within the US? There are around 162,000 car repair shops in the US. The big-name brands are Firestone Complete Auto Care, Midas, Safelite Group, Monro Auto Service and Tire Centers, and Meineke Jiffy Lube.
According to the stats, nearly all of establishments — sixty seven.5% — are non-employers.
Are car dealerships more expensive for repairs? Car dealerships usually cost more for repairs than unbiased mechanics due to their specialization.
Dealership technicians additionally work with authentic parts. That makes their services dearer, however they’re typically more effective.
What is the typical profit margin for auto repair? Typically, auto repair outlets have two sources of revenue — car elements and labor.
According to car repair statistics, the typical revenue margin of elements is between 20% and 28%, whereas labor brings between 50% and 65%.