Auto repair is an essential industry that keeps our cars running smoothly and safely on the road. From routine maintenance to complex repairs, auto repair shops provide a wide range of services to keep our vehicles in top condition.
In this blog post, we’ll dive into auto repair statistics that highlight the latest trends and insights in the industry.
Key Auto Repair Statistics 2023 – MY Choice
- According to the Bureau of Labor Statistics, the median hourly wage for automotive service technicians and mechanics was $20.24 in May 2020.
- The average age of a car on the road in the United States is around 12 years, which means that many cars require frequent repairs and maintenance.
- In 2019, the auto repair industry generated $75.7 billion in revenue in the United States alone.
- According to a study by CarMD, the average cost of a check engine light repair in the United States in 2020 was $387.
- The most common car repair in the United States is replacing the oxygen sensor, which costs an average of $258.
- According to a survey by AAA, the average annual cost of owning and maintaining a new car in the United States is $9,282.
- The most common reason for car breakdowns in the United States is a dead battery, followed by a flat tire and engine problems.
- The cost of auto insurance is often affected by the make and model of a car, as well as its age, condition, and safety features.
- According to a survey by RepairPal, the average annual maintenance cost for a car in the United States is around $700.
- In 2020, the global auto repair and maintenance market was valued at $441.3 billion, and it is expected to grow at a CAGR of 5.8% from 2021 to 2028.
Auto Repair Industry Statistics
- The US auto repair industry is worth $75 billion in revenue annually.
- The average age of cars on the road in the US is 12 years old.
- The average cost of a new car in the US is $38,000.
- In 2020, the US had over 279 million registered vehicles.
- The top 10% of auto repair shops generate 80% of the industry’s revenue.
|Total number of auto repair shops in the US||260,000|
|Annual revenue generated by auto repair industry||$71 billion|
|Percentage of Americans who cannot afford unexpected car repairs||35%|
|Average hourly labor rate charged by auto repair shops||$100|
|Annual maintenance cost for a typical car||$1,186|
|Average cost of brake pad replacement||$150-$300|
|Average cost of oil change||$46|
|Percentage of Americans who use mobile mechanics for auto repair||12%|
|Average lifespan of a car battery||4-5 years|
|Percentage of auto repair shops that are independently owned and operated||75%|
Auto Repair Facts
Auto repair is a vast industry with a lot of facts that one should know. Here are some interesting facts:
- Car accidents are the leading cause of death for people aged 16-20.
- Americans spend approximately 70 billion hours behind the wheel each year.
- The first car accident ever recorded was in 1891 in Ohio, where a car collided with a tree root.
- The fastest car in the world is the Bugatti Chiron Super Sport 300+ with a top speed of 304 mph.
- The average American spends about 17,600 minutes in their car each year.
Auto Repair Benefits
Auto repair is crucial for ensuring the longevity and efficiency of a car. Here are some benefits of auto repair:
- Improved safety: Regular maintenance and repair of a car can help avoid accidents caused by vehicle malfunctions.
- Increased lifespan of the car: Regular maintenance can help keep a car running efficiently for many years, reducing the need for expensive repairs or replacement.
- Enhanced fuel efficiency: Regular maintenance can help keep the car running efficiently, leading to better fuel economy and reduced emissions.
Auto Repair Trends
Auto repair is an evolving industry that is witnessing significant trends. Here are some trends in auto repair:
- Increase in electric vehicles: The demand for electric vehicles is on the rise, leading to an increase in demand for specialized auto repair services.
- Integration of technology: Technology is being integrated into auto repair services to improve efficiency and accuracy.
- Increase in DIY repairs: With the availability of repair tutorials online, more people are attempting DIY repairs, leading to a decrease in the demand for professional repair services.
Auto Repair Adoption
Auto repair services are used by a vast majority of Americans. Here are some adoption statistics:
- 77% of Americans own a car.
- 80% of car owners get their cars serviced regularly.
- 35% of Americans cannot afford unexpected car repairs.
Auto Repair Market Analysis
The auto repair industry is a significant contributor to the US economy. Here is a market analysis of the auto repair industry:
- The auto repair industry generates $71 billion in annual revenue.
- The industry is expected to grow at a CAGR of 2.5% from 2021-2026.
- The industry employs over 720,000 people.
Auto Repair Demographics
Auto repair services are used by people of all demographics. Here are some demographic statistics:
- The average age of a car in the US is 12 years.
- Men are more likely to use auto repair services than women.
- The average income of a car owner is $64,000.
Auto Repair Consumer Behavior and Trends
- 90% of consumers use the internet to research auto repair shops before making a decision.
- 62% of consumers prefer to take their cars to independent repair shops over dealerships.
- 60% of consumers are more likely to choose an auto repair shop that provides a digital vehicle inspection report.
- 56% of consumers are more likely to choose an auto repair shop that offers financing options.
- 45% of consumers are willing to pay more for quality auto repair services.
Labor and Staffing
- The auto repair industry employs over 750,000 workers in the US.
- The average auto repair technician earns $42,000 per year.
- There is currently a shortage of skilled auto repair technicians in the industry.
- The average auto repair technician is 41 years old.
- Auto repair shops spend an average of $2,000 per year on training for their technicians.
Repair and Maintenance Services
- Oil changes are the most common auto repair service performed, accounting for 23% of all repairs.
- The average cost of an oil change is $46.60.
- Brake repairs are the second most common auto repair service, accounting for 14% of all repairs.
- The average cost of a brake repair is $375.
- The average cost of a transmission repair is $2,500.
Auto Repair Technology and Innovation
- 56% of auto repair shops use a digital management system to streamline operations.
- 49% of auto repair shops use a customer relationship management system to manage customer interactions.
- The use of mobile devices in the auto repair industry has increased by 30% in the past year.
- The use of augmented reality in the auto repair industry is expected to grow by 150% by 2025.
- The use of artificial intelligence in the auto repair industry is expected to increase by 47% by 2025.
Auto Repair Environmental Impact
- The US auto repair industry generates over 1.5 billion pounds of hazardous waste annually.
- 85% of auto repair shops recycle their used oil.
- 78% of auto repair shops recycle their used batteries.
- 57% of auto repair shops recycle their used tires.
- The use of electric and hybrid vehicles is expected to increase by 25% by 2025.
|Market share of independent auto repair shops||75%|
|Market share of dealership auto repair shops||25%|
|Percentage of new movers in the market for auto repair services||54%|
|Percentage of new movers in the market for auto parts||49%|
|Percentage increase in demand for aftermarket products/services||50%|
|Global automotive repair and maintenance market size in 2019||$693.5 billion|
|Global automotive repair and maintenance market size in 2020||$691.7 billion|
|Expected CAGR of global automotive repair and maintenance market||7% (2021-2023)|
|Asia Pacific market share of global automotive repair and maintenance market||33%|
|Western Europe market share of global automotive repair and maintenance market||30%|
|Total estimated value of auto repair industry (US)||$880 billion|
|Market share of top 50 companies in auto repair industry||10%|
|Annual growth rate expected in the auto repair industry||2.5%|
|Percentage of industry revenue from household customers||75%|
|Percentage of industry revenue from business customers||22%|
|Percentage of industry revenue from government customers||3%|
|Automotive transmission and repair market share||6.70%|
|Percentage of industry revenue from consumers aged 45 and older||35%|
|Percentage of industry revenue from consumers aged 35-44||14%|
|Percentage of industry revenue from consumers aged below 35||Unknown|
|Ethnicity of auto mechanics: White||65.6%|
|Ethnicity of auto mechanics: Hispanic or Latino||17.2%|
|Ethnicity of auto mechanics: Black or African American||9.9%|
|Ethnicity of auto mechanics: Asian||4.6%|
|Ethnicity of auto mechanics: American Indian and Alaska Native||0.7%|
Auto Repair Latest Statistics
|Average age of cars in the US||11.5 years|
|Total number of cars sold in the US in 2019||17.5 million|
|Number of vehicles on the road that are at least 25 years old in the US||14 million|
|Increase in the number of vehicles on the road that are at least 25 years old||26 million (2002-2015)|
|Increase in the average age of US vehicle fleet in the last 10 years||17%|
|Increase in the average length of vehicle ownership in the last 10 years||60%|
|Percentage of movers who use the first vendor that contacts them||85%|
|Percentage of consumers who use search engines before making a purchase||4 in 5|
|Percentage of searchers who click on the first organic result||53%|
|Percentage of searchers who click on the second and third results||25%|
|Percentage of women among all auto mechanics||3.6%|
|Percentage of men among all auto mechanics||96.4%|
|Women’s earnings compared to men’s earnings in 2021||97%|
These auto repair statistics provide a comprehensive overview of the latest trends and insights in the industry. From consumer behavior to technological innovation, the auto repair industry is constantly evolving to meet the changing needs of consumers and the environment.
As the industry continues to grow and adapt, it’s important for auto repair shops to stay informed and up-to-date on the latest trends and best practices in order to provide the best possible service to their customers.