As Americans drive more miles and are involved in more collisions, the vehicle repair business is growing. Americans drove a combined 3.2 trillion miles over the last recorded 12-month period, which resulted in $45.8 billion in collision repair-related sales and services. The Auto Care Association recently released a report that found almost 16.5% of that money was spent in the automotive aftermarket.
Within just five years, look for that figure to jump to $280 billion. That’s because of increasing demand for several factors, including refinishing, reprocessing, and rebuilding of vehicle parts after accidents, as well as continuing technological improvements in supplementary products and services such as painting, denting and auto body maintenance that are having a positive impact on the collision repair market. More vehicles are being built around the globe, as well, which translates to more cars and trucks on the road. Chalk that up to increased urbanization and low-interest rate loans for vehicles, which are combining to increase growth for the automotive collision repair industry sector.
The need for finishing compounds – commonly-used items in automotive repair – are expected to grow by around 4% percent by 2024, due to rising road congestion that invariably leads to the risk of minor dents, scratches, and small crashes that spark the need to restore vehicles to their original color.
Of course, whether your vehicle has only minor dings and dents or full-on collision damage, our experienced technicians will carefully repair or replace all damaged parts, bringing your vehicle back to manufacturers’ specifications. Here at Ric’s we use only:
- I-CAR Gold Class–certified repair technicians
- State-of-the-art equipment
- Computerized frame and alignment check to manufacturer’s specs
- PPG-certified painters who precisely match colors so your car comes out looking showroom-new and meets manufacturers’ specifications
- Water-based, environmentally friendly paint that reduces emissions of harmful volatile organic compounds (VOCs) and provides better coverage
And because we’re not satisfied with our work until you are, Ric’s Body & Paint issues a lifetime warranty on repairs as long as you own the vehicle. If your car or truck needs collision or general body repair, contact us today.