Automotive Industry Sees Increase in Sales
The automotive category's sales were up 7.1 percent to $17.4 billion.
Why not keep your investment going for as long as you can? - Scott Accardo, Vice President of SpeeDee Oil Change & Tune Up
Cars are becoming older, with
We're seeing cars on the road becoming older than eversaid Adam Worsham, Chief Franchising Officer at Valvoline Instant Oil Change. Valvoline, a 1,908-unit franchise, did $3.1 billion in 2024, up 10.7 percent year over year.
Oil change franchises generated $7.3 billion in sales in 2024, a jump of 7.3 percent, despite initial concerns that electric vehicles would disrupt the industry.
Author's summary: Automotive sales rise as cars get older.
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