1. The largest producing business in North America is the automotive business, which accounts for $17 billion of the country & #39 is a gross domestic product, and $66 billion in exports. Canada is presently the ninth biggest manufacturer of road vehicles and accounts for 16.2% of North America’s vehicle production.

2. Automotive franchises cover a range of car-related services beyond the production of vehicles, including car product retail, repair services, valeting services, car washes, and car sale and rental businesses. Most franchises within the automotive industry are part of the automotive aftermarket industry, referring to products and services purchased after the sale of an automobile that helps prolong the life of a vehicle.

3. Canadians are more environmentally friendly than their U.S. neighbors and purchase smaller, more fuel-efficient cars and trucks. Additional opportunities for green automotive businesses as client needs shift to become environmentally aware. In the coming years, business owners can expect this trend to own a significant impact on however Canadian customers read and act with their automotive business.

4. The majority of automotive repairs are done by freelance auto repair outlets many of which are franchise businesses. Clients rust professionals to handle their vehicle maintenance quite ever before. Major services at intervals the business embody mechanical repair, collision repair, car washes, and car care and fill up. As drivers keep their cars for extended, regular repairs become a necessity to stay the vehicles operating properly – a big plus for automotive franchises.

5. The global automotive aftermarket industry is expected to reach $722.8 billion by 2020. U.S. automotive franchises account for about $41 billion of global revenue.