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September 9, 2015

Volume 17 Issue 52

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Yearly Sales Up for Quick Lubes

U.S. quick lubes’ average yearly sales per store rose to $694,189 this year, up 1.6 percent from 2014, National Oil & Lube News reported.

The 2015 Fast Lube Operators Survey compiled data from 3,282 facilities in all 50 U.S. states, examining quick lubes’ operations, prices, demographics, employees, sales, products and services.

The percentage of annual sales comprised solely of oil change services reached 79 percent. The average cost of goods reported for a standard, full service lube oil and filter change was $12.91.

The price of a standard, full service lube oil and filter change – including multi-point check – increased 9.2 percent to $38.58 for 2015, compared to $35.33 in 2014. With such a service in 2015, the average price charged for an additional quart of bulk oil cost $4.66, while the average price charged for an additional quart of bottled oil was $5.42.

The average length of ownership/operation for a quick lube was 25 years.

The full survey results are available to paid NOLN subscribers in their September issues or participants who completed the 2015 survey questionnaire. Visit NOLN.net for more information.