Mar 28, 20204 min read

5 Automobile Related Business Ideas

Updated: May 2, 2020

Do you want to start a car related business in the automobile industry? If YES, here are 5 best profitable automotive business & opportunities for 2020.

1. Auto Accessories Store - If you are looking for a business to commence as an entrepreneur and you know you have a penchant for automobiles, then you should consider starting your own car accessories store business. Although you don’t need a college degree to establish your own car accessories and auto spare parts store, but you would need some form of informal training, you might have to work as an apprentice with someone who owns a car accessories and auto spare parts store. It makes it easier for you to learn the ropes on how to manage your own car accessories and auto spare parts store. Starting a car accessories business is as easy as selling body kits, rims, stereo systems, alarms etc

Therefore, this venture is the perfect package if you have selling or marketing experience. However, you will need to calculate your startup costs. For instance, you will have:

Building rent
Utilities
Labor
Upfront costs for accessories, business insurance, and so forth
Retail space

Once you get those out of the way, you can start selling accessories and work your way up to handsome profits. Consider offering such things as:

Paint protection
USB chargers
Side moldings
Upholstery fabrics
Bed extenders
License plate frames

Your success will depend largely on the quality of your equipment, what kind of deals you secure, the markups for your services and the intensity of your advertising.

2.Auto Repair Business- This is one of the best business ideas which you can start from the comforts of your home. In order to open the car repair services or say, mobile auto mechanic services.

How you can open an Auto Repair Shop

A.Diagnostic Machines range from $5,000 to $10,000.

B.Shop rental fees range from $1,500 to $15,000 a month depending on the size.

C.A good tool set with specialty tools costs $15,000.

D.Insurance costs about $4,000 a year.

E.A nice lift with installation included costs around $3,700.

3. Auto Body Shop- Auto body shops provide both auto body repairing and new body builds. There are countless vehicles on the road in the United States alone. As a matter of fact, in 2014 there were 253 million vehicles on US highways and it’s increasing every day and night .

This automobile-related business could be right for you if you have a knack for trading goods or items. The same could be true if you have a talent for selling spare parts and accessories.

Luckily, your work won’t be monotonous. That’s because an auto body shop offers a wide array of services. It all depends on you.

This means it’s perfect if you’ve spent the past few years painting and refurbishing “bruised” cars or motorcycles. Similar to how janitors will never go out of business, as offices and homes forever need cleaning, there will always be a demand for refurbishing damaged vehicles.

That’s because, as we pointed out earlier, accidents will always happen. Enough said.

4. Automobile AC Repairing Service- Starting a car AC repair business will require sound knowledge and enquire from auto workshops in your vicinity if they offer apprenticeship opportunities. Make sure the quality of your service is worth referring to others.

Where you can learn about Automobile AC Repairing?

The best way to learn is to apprentice at a repair shop for some time. Most times, this involves paying some money. Enquire from auto workshops in your vicinity if they offer apprenticeship opportunities. Working as an apprentice has its advantage as it gives the chance of learning AC repair for different vehicles. These cars might have an AC system peculiar to them and knowing how to handle different cases means a greater pool of potential customers.

In addition you can get materials from the internet such as YouTube. Below are a few more web sources on AC repairs.

Here are some helpful websites.

Firestone complete auto care – Car air conditioning repair troubleshooting

Firestone complete auto care – Everything you need to know about your cars AC

Mother Earth News – Auto air conditioning maintenance tips

Ariazone – Automotive air conditioning training manual

5.Service Station- Automobile Service Station | Profitable Business Idea. One can start automobile service station business in the urban or semi-urban city with also a stock of spare parts. Do extensive market research before launching your service station in your locality where you want to establish an automobile service station.

To give you an idea of the demand for this type of automobile-related business, auto manufacturer Toyota produced more than 10 million cars in 2016 alone.

So rest assured that you’ll have plenty of customers, even if your service station isn’t in a high-traffic location. That’s because, as we all know, cars need service repairs on a regular basis.

AUTHOR: RIZWAN KHAN

Hi, this is Rizwan Khan, Marketing Assistant who supports the entire Marketing department by completing a variety job.I had a spell no more striking than other people in my job description. I did all the things you weren't supposed to do. I had a motto: When in doubt, try it. Take a few minutes and drop me a message. I’d love to chat!