Why Private Equity Is Buying Up Car Washes
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 19 August 2022
⏱️ 19 minutes
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| 0:00.0 | Our colleague Miriam Gottfried never goes to the car wash. |
| 0:10.2 | Do you own a car? |
| 0:11.4 | No, I own a Vespa, which I would not recommend taking through a car wash. |
| 0:15.9 | But Miriam does have some memories of going to the car wash as a kid. |
| 0:21.5 | I actually have a friend who when he was a kid, he wanted to go to the car wash every year |
| 0:25.9 | for his birthday. |
| 0:26.9 | And so we would go to the car wash first birthday. |
| 0:30.5 | What was that like? |
| 0:31.8 | You know, it's so fun. |
| 0:33.1 | You get to like line up your wheel onto the conveyor and then you put it in neutral and |
| 0:38.2 | you just kind of like let it go through and then you get to watch all the brushes sweeping |
| 0:42.4 | over the window and you come out clean. |
| 0:45.9 | In those days, car washes were different. |
| 0:48.6 | She remembers her parents going inside to pay a cashier. |
| 0:52.0 | And after they'd head out of the car wash, the swarm of employees would drive the car |
| 0:56.3 | and wax it. |
| 0:57.9 | But now you pay by sticking your car in a machine. |
| 1:01.8 | You pay for whichever type of wash you want. |
| 1:04.1 | You make a selection. |
| 1:05.6 | The gate opens. |
| 1:07.0 | You drive up. |
| 1:08.0 | There's one person standing there who gives you the thumbs up when you're ready to go |
... |
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