There is no shortage of choice for those interested in buying an automotive business. And the good news for sellers of automotive businesses is that sales are brisk in the industry, as the used car market’s popularity encourages repairs of all kinds to existing vehicles.
Also, U.S. consumers are buying more cars than ever before, according to research from IHS, a global business information company. In 2015, there were 257.9 million passenger vehicles registered in the United States, an increase of 5.3 million (2.3%) over 2014. The number of cars per licensed driver now stands at 1.1 and has been increasing steadily since 1972.
The rate at which cars are taken off the road has also been declining, with only 11.4 million cars retired in 2014. Fewer cars are being unregistered, abandoned, or junked. In 2015, new vehicle registrations were greater than scrappage by 42% – the highest number ever recorded by IHS.
Businesses that come under the heading of automotive include: automotive glass, automotive painting, automotive repair, car detailing, car wash, oil change, transmission, automotive sales, and automotive parts.
If you are considering the purchase or sale of an automotive business, Transworld is committed to ensuring the best deal for all parties involved. Transworld’s business advisors will meet with each prospective automotive business buyer to determine your abilities and interests, educate you about the search and buying process, and connect you with automotive business sellers that match your criteria.
If interested in selling your automotive business, Transworld’s experienced advisors will offer you full marketing support specializing in understanding potential market value and strict confidentiality, as they introduce you to suitable prospective buyers. Transworld will be involved at all stages until the automotive business changes hands and even beyond.
Click here to view our listings of automotive businesses for sale. We offer a detailed description of each automotive business for sale, along with some basic business information, such as price, down payment, number of employees, and current inventory.