Automotive Diagnostic Scan Tools Set For Growth

January 27, 2015

 

The U.S. market for automotive diagnostic scan tools is set to grow to $1.8 billion by 2018, a 5.75% year over year growth for the next several years according to a study by marketsandmarkets.com  By that time, the study says, the United States diagnostic scan tool market will be nearly as large as the European one.  The main reasons cited for the growth are due the "increasing vehicle fleet in the region, stricter emission regulations, implementation of the right to repair law, and increasing number of independent auto workshops & service stations."

 

Clearly this is good news for the automotive repair industry. Copley Funding is focused on providing the industry hassle-free financing for automotive diagnostic scan equipment they need to get the job done right. If you are interested in more information about this or any of our other automotive equipment leasing programs, please contact us today! 

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