1-Day Paint & Body Centers - Competitors

1-Day Paint & Body Centers Competition

Now Viewing 1-Day Paint & Body Centers's competition in: Automotive Repair Shops

Recent Developments

Median Age of US Vehicles Increasing - US consumers are keeping their vehicles longer, according to automotive consulting firm RL Polk. The median age of US passenger cars rose to 9.2 years in 2007 from 8.3 in 2001; the median age of light trucks increased to 7.1 from 6.1 years. Auto repair shops are likely to benefit because older vehicles often need more repairs.

Tire Industry Association Backs Right to Repair Act - The Tire Industry Association (TIA) supports the Motor Vehicle Owners' Right to Repair Act. Supporters argue that the Act is needed to ensure that independent auto repair shops have access to computer systems in cars that control repair information. TIA formally declared its support for the legislation because most new vehicles are equipped with tire pressure monitoring systems that are controlled by computers that repair shops need access to.

Patents may Limit Competition in Replacement Parts Industry - US automakers are patenting the designs of more parts to limit competition in the market for replacement parts, according to the Quality Parts Coalition. Ford filed a trade complaint with the US International Trade Commission in May 2008 to block imports of replacement parts for Mustangs, saying that the imports copy patented designs without permission. Auto repair shops may have to pay more for replacement parts if competition in the auto replacement parts industry is limited.

Competitive Landscape

Demand depends on the car usage, which is linked to economic activity. The profitability of individual companies depends on convenient location and good marketing. Large companies are more likely to use expensive diagnostic equipment efficiently and to benefit from advertising, but the economies of scale are small. The industry is labor-intensive: average annual revenue per worker is about $90,000.

Full Industry Overview For Automotive Repair Shops

Automotive Repair Shops Industry Forecast

from Hoover's/D&B subsidiary First Research

The output of US automotive repair, maintenance, and services is forecast to grow at an annual compounded rate of 5.8 percent between 2007 and 2012.

Automotive Repair, Services Growth Slowly Declines

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.