Mighty Auto Parts Named One of Wall Street Journal's Top 25 Franchises

Mighty Auto Parts Named One of Wall Street Journal’s Top 25 Franchises

Mighty Distributing System of America, an aftermarket auto parts franchisor, has been selected as one of the Wall Street Journal's top 25 franchises. The parts distributor was selected from the nation's more than 2,500 franchise brands and was picked along with household names like Domino's Pizza and Subway.

Mighty Distributing System of America, an aftermarket auto parts franchisor, has been selected as one of the Wall Street Journal’s top 25 franchises. The parts distributor was selected from the nation’s more than 2,500 franchise brands and was picked along with household names like Domino’s Pizza and Subway.

In the article entitled, "The 25 Franchises that Made the Cut," Lauren Kim, senior editor at WSJ StartupJournal.com said, "[the businesses] must be well-established, have expert leadership, exhibit overall financial health and have a proven record of the franchise’s success." Mighty Distributing System of America was the only automotive-related franchise listed in the survey that disclosed some 35 qualifying facts and financial figures.

Ken Voelker, Mighty’s president, suggests that its leadership as a model service business is "due to the fact that we stay in sync with the current trends and needs of the automotive industry. Perhaps the most significant trend today is a pronounced service shift from repair to preventive maintenance. Mighty," according to Voelker, "is well-positioned to benefit from this trend."

"Mighty’s vertical integration strategy has been one of the most compelling attractions for tire dealers, quick lubes, car dealerships and oil distributors," added VP of Franchising, Barry Teagle, “Our newer franchisees include successful operators that have overlaid their core business with a Mighty franchise and as a result, have become their own supplier of OEM quality parts and professional grade fluid maintenance products.”

As to the thousands of repair shops serviced by Mighty distributors that have not grafted a franchise into their existing business, Teagle claims that the “silver bullet” of the franchisor is the technical, business and sales expertise of the local franchises, especially trained in inventory management.

“There’s a major trend with dealerships,” said Teagle. “Dealerships have become more focused on promoting maintenance services and changing the common perception that dealerships are primarily warranty centers. They want to be recognized as a respected, competitive provider of aftermarket services and, hey, that’s been our mission since the 60’s. We’ve been the go-to-guys in the aftermarket parts business for underhood and undercar repair and preventive maintenance. We’re right in step… and the industry has responded.”

You May Also Like

UniClutch Launches Clutch System in the United States

From Australian manufacturer Clutch Industries, UniClutch is a clutch system that delivers uncompromised performance.

UniClutch and UniClutch Sport will be the first iterations of this system to launch in the U.S. UniClutch's dual core technology significantly boosts torque capacity without compromising drivability. Its one-of-a-kind, patented and adaptable design fits a multitude of vehicles, simplifies inventory management, expedites clutch replacement time, and lessens common installation problems. Compared to UniClutch, UniClutch Sport offers a further 15% more torque capacity and a sport-tuned pedal feel for more serious enthusiasts. These features create a clutch system with mass appeal for consumers and aftermarket businesses alike, as the industry grapples with a continuously challenging supply chain and the need to find labor efficiencies.

Automotive Hall of Fame Announces Class of 2024 Inductees

Six honorees whose efforts helped shape the automotive and mobility marketplace will be recognized.

Castrol Turns 125, Debuts New Market Strategy

As part of the new strategy, Castrol will explore opportunities in battery thermal management, digital and service solutions and data center immersion cooling.

Advance Auto Parts Announces ‘National Battery Day’ Promo

DieHard battery giveaways and complimentary battery testing will be part of nationwide festivities held on Feb. 18.

FCS Introduces 18 New Numbers in February

The new release includes 4 shock absorbers and 14 suspension struts.

Other Posts

Tenneco Introduces Add-On Valve Technology 

The company says the RideRefine SDD valve brings new levels of versatility, tunability and comfort to passive damper performance.

AP Emissions Releases New Part Numbers for February

AP Emissions Technologies has released 12 new SKUs that cover six million VIO in the month of February.

Lumileds Debuts New Philips Automotive Lighting Website

The site features an entirely new design that brings together the full breadth of the Philips portfolio of automotive lighting and accessories in North America.

Standard Motor Products Expands Emission Control Program

SMP’s program features more than 3,500 parts, including EVAP, EGR and positive crankcase ventilation products.