Auto Repair Businesses Hum Along In Recession

The September new auto sales news wasn’t pleasant, and demonstrated that the Cash for Clunkers program had little lasting effect on American consumers’ appetite for new cars. While the program burned through its incentive dollars in record time, confirming that there is a lot of pent up demand, the program wasn’t enough to spur action in positive sales territory. Other auto businesses that are more “recession-friendly” however are doing well. Auto repair shops are doing well as car owners try to keep their cars running smoothly.

The average age of vehicles on the road today is about 10 years, meaning that more owners expect or need to keep their vehicles running past the 100,000-mile mark. Auto repair businesses are doing well during the recession and many owners are considering business expansion.

Keeping older cars on the road makes economic sense for owners who can free themselves from monthly auto loan payments or lease payments. Environmentalists are concerned that keeping older vehicles on the road may not allow the US to cut greenhouse gas emissions as fast as possible.

Concern for the environment may make it easier for vehicle owners to justify making repairs and modifications to their vehicles that cut greenhouse gas emissions, increase fuel efficiency and decrease gasoline consumption. Auto repair shops lead the way on this front, since they have the most contact with the after-market auto consumer.

Regular maintenance, oil changes, tire inspections, the use of synthetic oil, and other small changes can make a big difference in the efficiency of an older engine and the amount of greenhouse gases that are produced.

If you own an auto repair shop and are looking for a small business loan to help you modernize or expand your business to include more environmentally friendly services for older vehicles, Rapid Capital Funding can help. With a merchant cash advance, Rapid Capital Funding can help you secure the cash you need for repairs, expansions and modernizations fast. Having the right products and services at the right time can put your business ahead in a down economy.

Contact Rapid Capital Funding today and let us show you how to put your business to work for you.

Photo Credit: Danilo Prates, via Flickr

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