Most Companies in the US Automotive Oil Change and Lubrication Industry Operate a Single Location, with Ten Employees and Annual Revenue of $600,000

DUBLIN, Ireland--April 10, 2006--Research and Markets (http://www.researchandmarkets.com/reports/c35451) has announced the addition of Fast Lube / Auto Oil Change Service - Industry Profile to their offering.

The US automotive oil change and lubrication industry includes about 4,000 companies with combined annual revenues of $4 billion. Large chains include Jiffy Lube, Valvoline Instant Oil Change, and Texaco Express Lube. The industry is highly fragmented, despite the large chains: the 50 biggest companies hold less than 40 percent of the market. Fast lube operators, for the most part, are independent owners with one or two shops. Most companies operate a single location, with ten employees and annual revenue of $600,000.

Demand is driven by the amount of driving that consumers do and by new car sales. The profitability of individual companies depends on good marketing, since many costs are fixed. Large chains have an advantage in name recognition, but the operations of individual locations are similar. Small companies can compete successfully by owning favorable locations. Operations are labor-intensive. Annual revenue per employee is just $60,000.

Major services are oil changes, installation of new oil filters, chassis lubrication, and preventative maintenance. Routine maintenance services like adjusting tire pressure, changing windshield wipers, replacing light bulbs, and topping off auto fluid levels, are usually done in ten minutes or less. Typically, more than 70 percent of revenue is from oil changes.

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