High Car Prices Send Mechanics into Overdrive

The aftermarket auto industry is poised for growth as more Americans opt to keep their cars longer to cut costs.


The price of new vehicles is on the rise. It costs manufacturers more to make a car, and customers’ wallets are bearing the brunt of the uptick. Vehicle affordability is trending down, according to Cox Automotive. The number of median weeks of income needed to purchase a new vehicle increased to 33.8 weeks in April from 32.4 weeks in March. The average cost of a new car jumped to $37,000 during the first quarter of 2021, up 8 percent from the same time last year, J.D. Power revealed.


The reason for the cost increase comes from all areas of the auto industry. The raw materials needed to build cars are priced higher, and production is down because vehicle manufacturers are experiencing a delay in key components, Bloomberg reported. Scaling back production helped save manufacturers money initially, but it’s also causing a delay for buyers. The crunch is even being felt in the used-car market as more buyers try to save money by purchasing a pre-owned vehicle, Business Insider reported.


As the cost of new vehicles rises, more Americans are reluctant to trade up for a new model and are keeping their cars longer. The average age of cars rose to 12.1 years, according to research conducted by IHSMarkit, a market research firm. Experts conclude the increase in the average age of cars on the road will drive vehicle maintenance opportunities as aging cars require more frequent repairs.


Start a Career in the Booming Aftermarket Auto Industry

Moran Family of Brands is capitalizing on this trend in the aftermarket auto repair industry by helping business owners pursue their passion for cars and their drive for success. We franchise six different brands, including Milex Complete Auto Care, Mr. Transmission, Turbo Tint, and Alta Mere. Co-branded opportunities allow business owners to provide customers with a one-stop-shop for all their repair needs.


Our goal is to develop and maintain long-term relationships in all aspects of our work with our franchisees and customers. We seek team members that believe in the philosophy of building relationships through sharing of knowledge, skills, systems, and the tools necessary to achieve common objectives. Moran franchisees gain the ability to provide a profitable future for their family and become fixtures in their local community. They provide an essential service and are a valued employer.


Franchising Fuels Success

Franchising offers people who have a passion for cars and entrepreneurship a proven business model and the support they need to succeed. Moran gives franchisees the opportunity to control their financial and lifestyle expectations with a proven concept, system, and process. We offer our franchise owners a financial growth opportunity operating a solid, proven business system. Most importantly, Moran provides entrepreneurs with a community of peers who can provide support and help your business thrive.


Moran’s Ideal Franchise Owner

Is a franchise with Moran the right fit for you? Moran is searching for franchisees with management and sales experience who are independent thinkers and willing to adhere to processes that work. Our franchise owners are confident, customer service-focused, and ambitious. Moran requires a net worth of $250,000 for automotive brands and $150,000 for Alta Mere or Smartview concepts, as well as $60,000 in liquid assets.


“This is a rewarding business. I enjoy working with my employees, I enjoy providing service to my customers, and it has given me the stability needed to raise my family on my terms,” said Jay Pond, a Mr. Transmission franchise owner in Jackson, Mississippi.


If you are ready to learn more about pursuing a career in the aftermarket auto industry, visit www.moranfamilyofbrands.com.


They consistently follow our company’s vision and mission, and fulfill their responsibilities in that role.


People who are polite and well-mannered toward their customers and employees, who go out of their way to make sure others are being treated well.


They uphold the highest standards in ethics and authority, ensuring that the customer’s interests come before their own.


These individuals always look to the future, seeking out ways to improve both themselves and the franchise they run.


Both franchisees and Staff actively participating in the mission and vision of our company.

Get in Touch with Us!

Interested in franchise? Let’s get the conversation started. Let Moran Family of Brands know how they can help you.

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