PHILADELPHIA – Forget great attendance and stellar customer service. Those are highly valued at Turn5, but what gets employees prime parking is driving to work in a Jeep Wrangler, a Ford Mustang or a few types of personal trucks.
Judging from the lineup in front of Turn5's headquarters outside Philadelphia on a recent afternoon, it's a popular perk, enhanced by the $2,000 the company gives employees to buy such wheels, plus $500 for parts.
The notion behind all that cash and pampering? That a company in business to serve auto enthusiasts should have employees in tune with that passion.
"Whoever knows about cars, we hire, specifically the cars we sell [parts] for," said Andrew Voudouris, 30, who with his older brother, Steve, 32, started Turn5 in 2003 in their parents' basement.
The company, which provides aftermarket parts primarily for Mustang, Wrangler and Ford F-150 vehicle models through three e-commerce sites, is now based in a 45,000-square-foot facility. But not for long. The sales niche is thriving so much that Turn5 — a take on racetrack terminology — will move this fall to premises twice as big. Its workforce is expected to grow from 425 to 1,000 in the next three years.
In the world of taillight tint inserts, axle-back exhausts, and an indulgence called a Jammock — a heavy-duty hammock designed for lounging when the top of a Jeep is removed — consumer passion for souping up vehicles is hot and expected to get hotter.
"I just don't see an end in sight," said Andrew Voudouris. He added that Turn5 has been profitable from the start with "double-digit" growth year over year, but declined to provide specific revenue. "People are so excited to buy. We're helping people with a hobby, not a commodity."
A study released earlier this year by San Francisco-based Grand View Research Inc. valued the global automotive aftermarket at $318.02 billion in 2015, projected to hit $486.36 billion by 2025. Hedges & Co., an Ohio market-research company serving the automotive aftermarket and motor-sports industries, has forecast online parts sales reaching $8.9 billion in 2017, up 16 percent from 2016.