Current Automotive Trends

Posted by Karen Erdelac on Feb 15, 2023

Current Automotive TrendsTrends in the automotive industry are constantly evolving, and it can be challenging for smaller auto repair and auto body shops to keep up and stay current with trends as they change. Staying informed on the latest automotive trends can help keep your business competitive and ensure that you are providing the best services for your customers. Here are a few of the current automotive trends that could be around for a while and might be worth investing in supporting.

Car Wrapping

The global automotive wrap films market size was valued at USD 4.76 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 22.2% from 2022 to 2030. This means it is a massive opportunity to join in on this long-term trend and begin offering it at your shop if you don’t already. Since wrapping lasts 5-7 years and does not damage a car’s paint, it is a great option for those wishing to paint or simply protect their vehicle.

Electrical And Hybrid Vehicles

With millions of electric and hybrid cars on the market and more being introduced every year, it is important for any modern-day auto shop to be able to fix any issues that they might have. Just like any other car, components, belts, weather stripping, radios, gears, etc., have a tendency to fail and will need a trained and certified mechanic to fix them. Why can’t that be you

Connectivity

Being able to sell, install, diagnose, and fix connectivity devices can increase the revenue at your auto shop. Most newer model cars come with the option of having internet service as well as satellite radio/phones. Vehicles more than a few years old likely do not have this feature, but the owner might want it installed. Being connected is more important and popular than ever, with people working from home and traveling more than ever. Invest in training and equipment to install and fix this equipment so you can be a one-stop shop.

Technology

Beyond the internet and electric vehicles, technological features or “creature comforts” in almost any car are a must. There are a lot of driving-related and non-driving-related technology features that are trending right now. Again, being trained on how to fix the items that cars need to function and features that the car owner enjoys will bring your shop a lot of new revenue. Some of these include:

  • Driver assistance
  • Emergency braking system.
  • Stereos
  • Heated/cooled seats

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Use our ROI calculator to determine how an investment in your business through a cash advance from Quikstone can help you grow. 

Download our guide for additional tips on growing your automotive business!

Automotive Investment Guide