Auto Aftermarket Repair Business Grows in a Good Recession in USA

(Reuters) As per analysis, 250 million vehicles on America’s roads, and an average age of nearly 10 years, times are good for the auto aftermarket repair chains. For the moment, customers seem willing to have their cars fixed, the nation’s fleet is getting older, cars are more complex and credit is available.

New car sales are in a ditch, though improving slowly, and there is stubbornly high unemployment. Shuttered car dealerships are pushing more business to repair stores.

Last year, just 10.4 million new cars were sold in the United States, the lowest in 27 years. For 2010, automotive forecaster J.D. Power and Associates expects 11.5 million cars and light trucks to be sold in the United States.

Read more: http://www.reuters.com/article/idUSTRE6B548W20101206