The Global Car Scrappage Rate: How Many Cars are Scrapped Each Year in the World?

How many cars are scrapped each year in the world? More Than 27 Million Cars Are Scrapped for Recycling Each Year. Read more on www.themechanicdoctor.com The United Nations Environment Programme (UNEP) estimates that approximately 25 million automobiles globally reach the end of their useful life each year. In industrialized nations like the United States, Japan, … Read more

How Much Does Porsche Make Per Car?

How much does Porsche make per car? The news isn’t all bad for German brands, however. Despite the downturn, Porsche is reportedly showing a profit of nearly $11,800 (?10,000) per car, while in the U.S., Tesla is up by $3,500 (?3,000) per car. Read more on www.motor1.com Porsche is a well-known luxury sports car manufacturer … Read more

Who Owns the Most Car Dealerships?

Who own the most car dealerships? The largest, Lithia Motors Inc., encompasses 181 dealerships. Read more on www.strongautomotive.com In order for automakers to market and sell their products to consumers, dealerships are a crucial component of the automotive business. An important part of the auto industry is dealership ownership, with big players having a sizable … Read more

Auto Repair Shops: A Profitable Business?

Are auto repair shops profitable? For the automotive repair industry, the average profit margin is between 20-28% for parts and 50-65% for labor. In order to maximize your profit margins, you either need to increase your revenue or decrease your costs. Read more on blog.bayiq.com For many years, auto repair shops have been a vital … Read more

Will Car Prices Go Down in 2021?

Will car prices go down in 2021? According to KPMG’s recent study, U.S. dealer inventories had fallen to historic lows by July 2021 and new car prices soared past MSRPs. It’s expected that the market will balance out and prices will start to drop when automakers are once again able to produce a normal supply … Read more

The Automotive Industry: What is Car Sales?

What industry is car sales? automotive industry Auto sales refers to the number of cars and light trucks sold in the U.S. This statistic is closely watched by economists and investors since the automotive industry is a significant component of the U.S. economy. The automotive industry is an important part of the global economy. Read … Read more

Is Being a Car Detailer Hard?

Is being a car detailer hard? Car detailing takes some time to master because, it takes a lot of time and hard work to really get a car looking as good as new inside and out. There are many different areas a car detailer must really pay attention to, such as the paint, chassis, wheels, … Read more

Why Car Washes are Everywhere: Exploring the Profitable Business of Keeping Cars Clean

Why are car washes everywhere? The desire for convenience extends to location. The growth of the industry is making car washes more convenient to find. Greater penetration and visibility triggers both the rational and emotional desire to have their vehicle look its best. Read more on www.carwash.org Nowadays, car washes are a common sight in … Read more

The Age of the Detail Geek Mitch: Exploring the Auto Detailing Industry and Number of Detailers in the US

How old is the detail geek Mitch? Mitch is 39 years old in the film. Read more on britishroadsignproject.co.uk Owning a car requires regular auto detailing. It is a procedure for completely cleaning and returning a car to its pre-accident state. Due to the rising demand for high-quality car care services, the auto detailing business … Read more