Is the Economy Heading in the Right Direction?

Is the Economy Heading in the Right Direction?

Recent indicators signal good news for the aftermarket.

Recent economic signals are pointing to the long-awaited end of the economic recession. For example, the U.S. index of leading economic indicators has risen for three straight months, a sign that some analysts say predicts the start of an economic recovery in the second half of 2009.

In mid-July, polled its readers (manufacturers and suppliers of aftermarket parts and servicing equipment) whether they were seeing any positive signs of recovery in their businesses.

According to Amy Antenora, editor of, 34% reported positive results, with another 24% said they are expecting to see good results soon.
The breakdown of results is as follows:

Is your business starting to bounce back from the recession?
Yes: 34.21%  
No: 31.58%
I believe my business will bounce back soon: 23.68%  
My business was unaffected by the recession: 10.53%

These responses seem to be somewhat positive on the economy, which would be good news for repair shops. As you know, our industry has experienced a lot of changes recently, including the closing of dealerships and their service outlets.

How the recent “Cash for Clunkers” program will pan out for shops has yet to be seen.

Underhood Service readers/shop owners were recently asked in a random e-mail survey if, in the past six months, they have hired a technician who had recently worked at a new car dealership.

Of those asked, a little more than 15% said they had hired a former dealership tech, while 84% responded they had not.

However, when asked “Do you plan to hire such an employee?” 15% said they are considering doing so.

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Mitchell 1 to Hold Shop Management Workshop in Orlando

Registration now open for two-day training event.

Registration is now open for Mitchell 1’s shop management workshop, scheduled for April 27-29 in Orlando, Florida. The workshop is designed to help professional service advisors and shop owners unlock the full potential of Manager SE and ShopKey management systems to improve efficiency and grow their businesses.

“Attendees will have the opportunity to learn new features, best practices and tips-and-tricks to leverage more of the workflow capabilities within their shop management systems,” said Tim McDonnell, Mitchell 1’s senior product marketing manager for Manager SE. “The sessions will also highlight new features, uncover strategies that attendees can use to maximize their efficiency with repair service opportunities and enhance their relationships with customers by way of expanded communications.”

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