866-997-4948(US-Canada Toll Free)

Oil Change Retail - US - January 2016

Published By :

Mintel

Published Date : Jan 2016

Category :

Parts & Suppliers

No. of Pages : N/A

Oil-change retail shops aren

Table of Content

Overview

What you need to know
Definition

Executive Summary

The issues
Consumers choosing other types of shops over oil-change retail
Figure 1: Oil-change retail locations, October 2015
Figure 2: Oil-change retail locations, October 2015
Consumers not using oil-change retail shops lately
Figure 3: Oil-change retail locations, October 2015
The opportunities
Location, location, location
Consumers are drawn by coupons
Figure 4: Factors in decision to visit an oil-change facility, October 2015
What it means

The Market – What You Need to Know

Oil-change retail market poised to dip
New cars need oil changes less
Aging vehicle fleet could bring more business into shops

Market Size and Forecast

Oil change retail market forecast to shrink
Figure 5: Total US revenues and forecast of automotive oil change and lubrication shops, at current prices, 2010-20
Figure 6: Total US revenues and forecast of automotive oil change and lubrication shops, at current prices, 2010-20

Market Perspective

DIY market can impact oil changes

Market Factors

Personal income and consumption have major effect on oil-change retail market
Figure 7: Personal income (by months), 2015
Growing new-car market will impact oil-change retail market
Aging vehicle fleet may offset other factors
Miles driven is increasing
Figure 8: Percentage change in cumulative monthly travel, 2014 vs 2015

Key Players – What You Need to Know

Consumers show loyalty to shops used in the past
Location, location,, location
Consumers follow cues on when to change their oil
Consumers favor local shops for oil changes
Autonomous or electric cars could portend change

What’s Working?

Consumers go to the same shop for oil changes
Location really does matter
Consumers are trained on when to get their oil changed

What’s Struggling?

Consumers see quality difference between franchise and local shops
Consumers more likely to say local shops are best for oil changes

What’s Next?

Autonomous or electric cars could sink the market

The Consumer – What You Need to Know

Dealerships and local shops are outpacing retail chains
Location, price matter
Consumers do think that oil-change retail shops do quality work
Consumers make use of oil-change reminders

Oil-Change Locations Used

Consumers use dealerships, big-name chains
Figure 9: Past oil-change retail location, October 2015
Older consumers more likely to visit dealerships
Figure 10: Last oil-change location, by age, October 2015
Hispanics less likely to visit dealerships

Plans for Next Oil Change

Dealerships and local shops trump oil-change retail shops
Figure 11: Next oil-change location, October 2015
New-car buyers more likely to go to dealership
Figure 12: Next oil-change location, by new car, October 2015
Women more likely to use dealerships for next oil change
Figure 13: Next oil-change location, by gender, October 2015
Blacks more likely to visit dealerships than Hispanics or Whites

Factors Influencing Choice of Oil-Change Shop

Location, coupons bring consumers in
Figure 14: Factors in decision to visit an oil-change facility, October 2015
Men more influenced by TV ads than women
Figure 15: Factors in decision to visit an oil-change facility, by gender, October 2015
Younger consumers more influenced by recommendations

Knowledge of When to Change Oil

Consumers trust certain cues for oil-change timing
Figure 16: Knowing when to change oil, October 2015
Women more likely to rely on oil-change sticker
Figure 17: Knowing when to change oil, October 2015
Hispanic consumers use mileage as a prompt
Figure 18: Knowing when to change oil, by race, October 2015

Attitudes toward Oil Changes

Consumers think that retail shops do quality work
Figure 19: Oil-change habits, October 2015
Men more likely to trust oil-change retailers

Appendix: Data Sources and Abbreviations

Data sources
Sales data
Fan chart forecast
Consumer survey data
Abbreviations and terms
Abbreviations

List of Table

NA

Make an enquiry before buying this Report

Please fill the enquiry form below.

  • Full Name *
  • Your Email *
  • Job Title *
  • Company *
  • Phone No. * (Pls. Affix Country Code)
  • Message
  • Security Code *