Younger generations are more inclined than older ones to try to fix their own cars, according to the report. Only 15% of people 55 and older indicated they did their own repairs, compared to about 34% of people in the 18- to 34-year-old age group. Furthermore, those with annual incomes of $50,000 or less are more likely to perform their own repairs than people with annual incomes of $100,000 or more.
Now that we are aware of the proportion of people who do their own auto repairs, let’s look at which automaker offers the best compensation. Tesla reportedly offers its employees the highest average income, at $104,000 per year, according to Glassdoor. General Motors, Ford, and BMW are a few further automakers that offer competitive salaries.
The type of mechanics who earn the greatest money relies on their area of expertise. According to the Bureau of Labor Statistics, diesel service technicians and mechanics earn the second-highest annual mean income at $50,200, followed by aircraft mechanics and service technicians at $66,680. The average annual salary for automotive mechanics and service technicians is $42,090.
So how long does it take to earn a mechanic’s license? A certificate program typically takes 6 months to 1 year to complete, an associate’s degree program 2 years, and a bachelor’s degree program 4 years. Furthermore, the majority of firms favor hiring mechanics who have successfully completed a professional training course.
Let’s look at the pay for auto mechanics last. The Bureau of Labor Statistics reports that in May 2019, the median annual wage for mechanics and automotive repair technicians was $42,090. The top 10% made more than $68,880, while the bottom 10% made less than $24,620.
In conclusion, younger generations and those with lower earnings are more likely to fix their own cars than the remaining 25% of Americans. The industry leader in average pay for employees is Tesla, while the top paid occupation is that of aviation mechanics and service technicians. It can take anything from 6 months to 4 years to become a qualified mechanic, and the average yearly salary for automotive service technicians and mechanics is $42,090.
You typically need to finish a formal training program in automotive technology or a similar discipline, like community college or vocational school, to become a Mechanic Level 2. Additionally, you might need to work as an apprentice or entry-level mechanic in a repair facility or dealership to obtain real-world experience. Along with having a thorough understanding of automotive systems and parts, it’s crucial to be able to identify and fix a variety of mechanical problems.