The automobile industry offers numerous lucrative opportunities as the number of vehicles increases. Mobile car wash provides doorstep services; car rental business becomes integral part of life; mobile mechanic with over 70,000 job openings projected through 2030; EV recharge stations as electric vehicles gain focus. As a car enthusiast with grasp of functions, now is a great time to start a mechanic business. Car care companies will continue to grow faster than economy. Choose your niche, make a business plan, and implement marketing to make these ideas lucrative.
Here are some of the most profitable automotive ideas: exotic car rentals catering to luxury segment. The Japanese company aims to produce 300,000 EVs in its plants by 2030, up from zero currently. These companies are some of the largest and most profitable globally, with profits around $128 billion in 2022. Isuzu sold over 771,000 units worldwide in 2022. Hyundai Motor earned $7.36 billion profit on $142 billion revenue. When crafting brand identity, it’s hard to beat inventing the car like Mercedes-Benz.