quote:
From the Snow Belt to the Sunbelt, companies are scrambling to add locations and grab a piece of a $14 billion-plus industry.
With 60,000 locations across the US, the sector has been expanding at roughly 5% annually, with some forecasts predicting
the market to double by 2030. More car washes were built in the last decade than all the preceding years combined.
From the Snow Belt to the Sunbelt, companies are scrambling to add locations and grab a piece of a $14 billion-plus industry.
With 60,000 locations across the US, the sector has been expanding at roughly 5% annually, with some forecasts predicting
the market to double by 2030. More car washes were built in the last decade than all the preceding years combined.
Why Are There Suddenly So Many Car Washes?
Fueled by private equity and a subscription-based business model, the auto wash industry is flooding the US with new outlets. Some towns and cities have had enough.
www.bloomberg.com