Mending and making do is good news for the automotive service sector
Despite the recent troubles in the car manufacturing industry, most franchises from the automotive services sector are benefitting from people who are looking to repair their existing car.
The figures of latest car production in the UK seem to be free-falling and most people have tightened their belts because of the fear of redundancy. They are holding on to their money instead of splashing it out on a new car. At such stressed times; you may come to the conclusion that it is not the perfect time to start a business in this sector. However, you would be wrong because at ChipsAway, a top automotive paintwork and repair franchisor, most franchise owners have been experiencing an exceptional boom in their newest business which they believe is set to continue.
Motorists may not risk their major investment on purchasing a new car but they are prepared to invest in the maintenance of existing cars. By maintaining their cars they can improve its residual value and also extend the vehicle’s life. This is good news for franchise owners like ChipsAway who offer minor automotive paintwork repairs.
Most essentially in the present climate, it is just the fraction of the cost of conventional body shop methods. Over the last quarter, franchise owners of ChipsAway have seen an increase in requests for repairs. The period between January and March saw a rise of a staggering 56 per cent compared to the same period last year proving that these are true franchise opportunities.