Auto Service World
News   January 28, 2016   by CARS Magazine

By The Numbers: Car maintenance costs and more…

Stats that put the Canadian automotive aftermarket into perspective.


Numbers-Nov15

$45.25 billion

Forecast revenue in US dollars of general automotive repair shops (NAICS 811111) in the United States in 2015. That is expected to grow to US$48.95 billion by 2020.

—Statista

1.9 million

Number of light vehicles that the Canadian automotive market is on track to sell in 2015. That would be up 2.5 percent from last year.

—DesRosiers Automotive Consultants

$50,795

National average annual wage for an automotive technician in Canada. For technicians with more than 10 year’s experience, the media salary is $57,000 CDN.

—Payscale.com

73.9 million

Number of passenger cars expected to be sold globally in 2015. There are more than 800 million passenger cars in use around the world.

—Statista

$4,000

Cost to maintain a Porsche Cayenne SUV for its first five years. That was the most expensive vehicle in an annual survey on car reliability.

—Consumer Reports

3.27 cents

The per-kilometer cost of maintaining a standard compact car in Canada.

—Canadian Automobile Association’s most recent (2013) Driving Costs Guide

5.6

Average number of labor hours sold per day per technicians in Canada – just 65% of their capacity.

—Consultant John Watt

165%

The average Canadian household’s debt-to-income ratio. In other words, households owe $1.65 for every dollar they can afford to spend. The debt-service-to-income ratio, however, is near where it was seven years ago – meaning that ability to pay back debt has remained steady.

—Governor of the Bank of Canada Stephen Poloz

1 in 3

The number of owners of automotive services and repair industry in the U.S. who report that their financial situation is worse this year than it was last year. Over half (56%) of small business owners in this sector are considering exiting their business by 2020.

—Hiscox Inc. study: “DNA of an Entrepreneur”

18,500,000

Number of Facebook users in Canada. By next year, one in every two Canadians will be on Facebook (20 million users).

—Statista