|Last Quarterly Update:||12/2/2013|
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Companies in this industry provide cleaning, washing, and waxing services for cars, trucks, vans, and trailers. Major US companies include Autobell Car Wash, Mr. Clean Car Wash (owned by Procter & Gamble), and Wash Depot (all based in the US), along with Bubbles Car Wash (Canada), Mr. Wash AutoService (Germany), and Uhoda (Belgium).
The most pressing issues confronting the global car wash industry include discretionary income, gas prices, environmental concerns, and water. Almost all car washes are impacted by high gas prices, which cause many customers to cut back on car care services. In countries such as Australia, where drought is prevalent, car washes are under pressure to conserve, limited to only 19 gallons per car, according to Carwash.com. Australian car washes may recycle up to 80 percent of their water.
The US car wash industry includes about 15,000 establishments (single-location companies and branches of multi-location companies) with combined annual revenue of about $6 billion. Key industry drivers include consumer spending habits and new car sales.
The industry includes full- and self-service car wash facilities, as well as truck and bus washes and vehicle detailing services.
Demand is driven by new car sales and growth in consumer income. The profitability of individual firms depends on favorable location and efficient operations. There are few economies of scale. Chains have advantages in advertising and customer recognition. Small firms can compete successfully by having ...
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