The Future of the Auto Care Industry Is Here. Own the future with the World-Wide Leader in Transmission Repair.
As the U.S. Auto Care Industry booms at $383 billion annually, and is expected to to grow at a compounded annual growth rate (CAGR) of 3.4% per year and reach $477.6 billion in 2024*. There are an estimated 288.3 million vehicles on the road today with the average age of these vehicles being 12.1 years old*. As an industry leader in transmission and complex automotive repair, AAMCO is positioned for the future as repairs become increasingly more complex in our aging vehicles.
Ready for the Radical Shift in Automotive Repair
The Auto Care Industry is quickly becoming more about fixing the technology than the car. AAMCO is the only brand in the industry with the expertise, technical investment, and customer trust to repair the cars of today and tomorrow. From new hybrids to second generation electric vehicles, complex car care is the future. AAMCO is ready. We’ve invested a significant amount into technology, tech training, and education to make sure our centers are the first choice for the booming auto repair aftermarket.
Ready with a Proven, Recession-Resistant Business Model
Unlike the majority of auto repair shops, AAMCO franchise owners have never relied on minor repairs. The average cost of transmission repair can range from $2,800 to $3,800 for a rebuilt transmission and up to $8,000 for a transmission replacement. Replacing batteries on electric vehicles requires specialized training and expertise and can cost upwards of $5,499. Higher tickets mean that AAMCO centers can thrive on a much lower volume and withstand periods of economic uncertainty.
Ready with AAMCO University & Significant Investments in Technology
Over 6 million hybrids and electric vehicles are on the road*, and more are on their way. Consumers are increasingly demanding the type of repairs that only AAMCO can deliver. Launched in 2014, AAMCO University is a state-of-the-art training facility in Newnan, Georgia. Recognized by the Learning Elite Top 100, AAMCO University offers extensive, specialized training with over 300 interactive courses for franchise owners and their technicians. The campus features a high-tech garage where technicians learn how to repair electric and hybrid makes and models, whether new or existing. AAMCO’s commitment to training extends into operations as well, with a personal business coach assigned to all new centers for their first five weeks after opening.
AAMCO is Perfectly Positioned to Dominate the Auto Repair Aftermarket
“One of the benefits of being a leader in the auto repair aftermarket is that we have lead time to prepare for the cars on the road,” says Jim Gregory, President of AAMCO. “We service cars that are 10 or 11 years old. We know that while hybrid and electric vehicles make 7 percent of the cars on the road now**, with continued growth in hybrid and electric vehicles. As the industry leader in technical complexity and hard-to-fix repairs, we’re perfectly positioned to take advantage of that opportunity.”
“AAMCO University is here for the benefit of our franchisees and their technicians, as we want them to be prepared to fix the most complex parts of the vehicle — including hybrid and electric vehicles, CVT transmissions and the entire powertrain,” says Bruce Chidsey, Vice President of Technical Support for AAMCO. “We’ve already provided hands-on training to hundreds of our technicians over the past few months. Other brands do not have the technology, the knowledge or the skill set to service these vehicles, and so they send them to the dealer. In many cases, AAMCO is better than the dealer.”
* 2022 Factbook – Auto Care Association
** Wards Intelligence Data 2021