Deferred vehicle maintenance is on the rise, with over 30 million cars behind on routine services like oil changes and tire rotations. This trend creates opportunities—and challenges—especially for transmission installers, resellers, recyclers, and retailers.
- Aging Vehicles Mean More Repairs: The average vehicle age has increased to 12.5 years, meaning cars on the road are older and more likely to need significant repairs. For ETE customers, this translates to increased demand for replacement parts like remanufactured transmissions.
- Economic Pressures Impact Consumer Decisions: Rising costs, inflation, and high interest rates have pushed many vehicle owners to delay repairs, including non-critical fixes like air and cabin filters. Understanding these financial constraints can help your business position itself as a cost-effective solution with high-quality, reliable parts.
- Deferred Maintenance Risks Transmission Health: Neglected maintenance, like skipping oil changes, can lead to engine strain or failure, which often impacts the transmission. Educating customers on proactive repairs could help minimize costly failures.
- Shift to Smaller Shops and DIY Repairs: Many car owners are turning to independent repair shops or tackling maintenance themselves, bypassing data-reporting services like Carfax. This shift highlights the importance of building relationships with smaller shops and individuals who need quality parts.
For ETE’s customers, this means there’s a growing market of aging vehicles requiring dependable, remanufactured transmissions. Staying informed about these trends can help you adapt your services to meet the needs of a budget-conscious, resourceful customer base.
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