Valuation Resources

Oil Change and Fast Lube Services

SIC 7549  |  NAICS 811191

The following guide to industry research and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.

See the following sections listed below to view available resources by category:

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Trends, Statistics, and Forecasts

Oil Change Services  (view report)
Auto Repair Services  (view report)
Comprehensive market research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:

Automotive Oil Change Association
You Auto Know / Government Affairs Update
https://www.aoca.org/

Monthly publications provide news and information for fast lube operators, with the "You Auto Know" e-newsletter providing information on industry and trade association news, events, and activities and the "Government Affairs Update" providing information on state and federal legislative and regulatory matters and the association's advocacy efforts with regard to these matters on behalf of its members.


NOLN
Information resources available from this organization include:

National Oil & Lube News
https://www.noln.net/
Monthly trade publication features news and information for fast lube operators, with special features including the annual "Guide to Programs & Franchises" which provides information on franchise and licensing programs, the "TOPS in the Industry Study" which ranks companies with six or more stores by total stores, and the "Operators Survey" which provides detailed financial and operating statistics.

TOPS in the Industry Study
https://www.noln.net/
Annual report ranks the top chains by total number of independent, company-owned, and franchised facilities that receive the majority of their sales from oil changes and other maintenance services that can be performed in less than 30 minutes, with a chain defined as six or more facilities owned by the same organization, individual, or business entity and/or operating under the same or similar signage.

Operators Survey
https://www.noln.net/
Annual operator survey provides detailed statistical data for fast lube operations, with topics covered by the survey including business profile, customer demographics, services offered, prices for various types of oil changes, best selling products by product type and brand name, shop operations, annual gross sales, expenses and pretax profit as a percentage of gross sales, and employment and wages.


Mintel Group Ltd.
Oil Changing Services - US
https://store.mintel.com/

Consumer research report provides an in-depth analysis of the U.S. market for oil changing services, with topics covered in the study including market size and forecast, factors affecting demand, market share percentages for major companies and brands, factors that affect selection of service providers, and reasons for choosing a specific service location. Detailed table of contents can be viewed online.


Freedonia Group
Global Automotive Lubricants
https://www.freedoniagroup.com/

Comprehensive research study provides a detailed analysis of the automotive lubricants market, with information provided including historical demand and forecasts by type of vehicle (e.g., light, medium and heavy duty, off-highway), product (e.g., motor oil, transmission/hydraulic fluids, gear oil/greases), formulation (e.g., conventional, synthetic, re-refined, bio-based), and geographic market (e.g., U.S.).


BizMiner
Market Analysis Report
https://www.bizminer.com

Market analysis report provides industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.



Financial Statements and Financial Ratios

BizMiner
Industry Financial Ratios
Automotive Oil Change & Lubrication Shops
https://www.bizminer.com  Search for "811191"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level including:

NOLN
Operators Survey
https://www.noln.net/

Annual operator survey provides detailed statistical data for quick lube operations, with financial data provided in the survey including annual gross sales by sales range (e.g., > $500,000, $500,000 to $1 million, $1 to $2 million, > $2 million) and cost of goods sold, operating expenses, lease or mortgage expense, payroll expense, other expense, and net profit before taxes as a percentage of gross sales.



Compensation and Salary Surveys

NOLN
Operators Survey
https://www.noln.net/

Annual operators survey provides detailed statistical data for quick lube operations, with employment and wage data provided including average number of employees per store, length of employment for managers and technicians, average minimum wage per hour, average starting wage for technicians, average annual salary for managers and technicians, and companies paying a commission or bonus.


PayScale, Inc.
Automotive Oil Changing & Lubrication
https://www.payscale.com/

Free online service provides salary, bonus, and hourly wage data for job positions in this sector such as operations manager, service center manager, automotive service technician, lube technician, and customer service advisor, with employers for which data is provided including Jiffy Lube International Inc., Heartland Automotive Services Inc., Grease Monkey Holding Corporation, and Valvoline Oil Inc.



Business Valuation Resources

BVMarketData
www.bvresources.com
Private company sales transaction data for over 800 industries.



Related Industries:
Auto Repair Services
Automobile Dealers
Lubricant Manufacturers
Truck Repair Services

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