Race to 2026: Icahn Automotive Addresses Technician Shortage

Feb. 19, 2019

Icahn Automotive Group LLC and its more than 2,000 company-owned and franchise locations are preparing for increased demand for automotive service technicians.

Through a new program, "Race to 2026," Icahn Automotive is encouraging more men and women to pursue viable careers in the skilled trades by rolling out partnerships with technical training schools; offering scholarships, tuition reimbursement and apprentice programs; and creating internship programs, job placement and continuing education opportunities.

"Icahn Automotive is stepping forward to invest in the future of our businesses and our industry by helping promising technicians develop the skills necessary to be successful," said Icahn Automotive Group CEO Dan Ninivaggi. "This industry offers young people from all backgrounds the opportunity for attractive, challenging and rewarding careers.

"We want to be a catalyst for changing the way the automotive service industry connects with, trains and supports tomorrow’s professional technicians."

According to the U.S. Bureau of Labor Statistics, the automotive repair industry will need nearly 46,000 more technicians by 2026 to meet anticipated demand. Additionally, in any given year there are as many as 75,000 job openings, due in large part to the retirement of the last generation of technicians who benefitted from broadly available vocational education programs.

While this demand is on par with other fields, technical training and related career assistance for those interested in the skilled trades has not kept pace.

"We’re at an inflection point in the automotive industry," said Brian Kaner, president of service for Icahn Automotive Group and Pep Boys-Manny, Moe & Jack. "We’re facing a technician shortage at a time when demand has never been higher.

"Over the past several decades, vehicles have become highly computerized while we allowed the disinvestment in technical education and steered a whole generation toward four-year degrees and crippling student debt. Now, the need for service is increasing as people keep their cars longer and fleet populations grow, and the national conversation about the skilled trades is peaking as parents and students realize that technical training is again, as it always has been, an excellent first step to a successful career."

The Race to 2026 program was launched at Universal Technical Institute’s NASCAR Technical Institute in Mooresville, N.C., on the heels of the 2019 Daytona 500, with the unveiling of an instructional car. Icahn Automotive opened two branded classrooms in which students will learn in an environment featuring the latest educational resources. Additional Icahn Automotive-sponsored learning facilities will be established at Alfred State College of Technology, and Universal Technical Institute (UTI) and Lincoln Tech locations in New Jersey, Pennsylvania, Florida and Arizona.

The program launch and classroom unveiling attracted industry and government leaders, including Pep Boys, AAMCO, Precision Tune and UTI representatives; Pep Boys Technician of the Year winners; Garage Gurus; elected officials; and Auto Care Association leadership. The event provided a platform to discuss the importance of preparing youth for promising careers in the automotive trade.

Icahn Automotive celebrated by awarding a $2,500 scholarship to Jonathan Fanstill, a student enrolled at UTI. The scholarship is the first in a new program that will award $30,000 to 12 students annually. The company also plans to accept students into an internship program later in the year.

Over the past several years, Icahn Automotive has invested in growing its service model through acquisition and the improvement of existing locations and a focus on people, programs, training and technology.

In 2018 the company launched Pep Boys Mobile Crew, a state-of-the-art mobile repair unit that will provide on-location maintenance and gives technicians the option of a unique alternative work environment. It also announced a broad relationship with Amazon.com to serve online customers through professional tire installation.

"We’re passionate about showing tomorrow’s technicians just how bright the future can be," Kaner said. "From learning in attractive classrooms and labs to working in today’s service bays -- which are sleeker than ever and filled with the latest diagnostic tools and technology -- these are not their grandfathers’ auto shops."

Icahn Automotive Group LLC, an Icahn Enterprises L.P. company, owns and operates the Pep Boys automotive aftermarket retail and service chain, Auto Plus automotive aftermarket parts distributor, Precision Tune Auto Care owned and franchised automotive service centers, and AAMCO Total Auto Care franchised service centers. The company also is the licensor of Cottman Transmission and operates under several local brands. In addition to more than 2,000 company-owned and franchise locations, Icahn Automotive runs 25 distribution centes and employs over 22,000 employees throughout the U.S., Canada and Puerto Rico. For more information, visit IcahnAutomotive.com.