Car Wash Statistics and Economic Considerations in 2007
What is the car wash business and industry trends for 2007 and 2008? Well, currently, has a new car wash construction slows down a bit, because the water supply issues. Although more high-tech car washes that the water will get more popular. Supply of labor is another issue slowing construction of new car washes.
The funding secured by real estate credit crisis, but I suspect this will change, because washing machines are usually a safe loan,Commercial lenders will be more so look at them, they can flow and thus increase add another industry up-tick.
It's a bit of competition as well, you have to understand that surveys show the car wash industry is now that 4 out of 5 car wash owners reporting 2 or more competitors in their daily trading volume on the area 10 miles radius for car washing, 15 miles for oil change , 12 for detailing shops on the property.
The trend "Right Now" iscompletely flat, although no one talks about it, by the time they do, it will be up again and again. The number of cars always has more customers. People with newer cars are 6 times more frequently than the washer with older cars, which makes very much sense to go.
At the moment I see a trend toward more car wash type facilities in places like Home Depot and Wal-Mart to make more money from its parking space information, why were the room when the watermain runs along the outside of the property, hook into it, put your car wash and work from standing already available volume. I'm not sure if I would be a car wash in the street from a Wal-Mart building, Sams, Lowes, Home Depot, etc. Think about this when investing in the carwash industry.
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