Though certain industries have struggled in the wake of the recession, one that is faring pretty well is the auto repair and parts business. Newsday reports that as the age of the average car on the road continues to grow, many motorists are finding that fixing their ride is long overdue.
The change comes in people looking to save money any way possible. In years past, individuals may have purchased a new vehicle, but now they are holding onto their cars longer and performing their own maintenance.
"For a lot of the routine maintenance that makes up the bulk of the products and services in the aftermarket, you've seen deferred maintenance taking place," industry analyst Stephen Spivey told the news source. "Now, people are circling back around, having made the decision to keep their cars a few more years."
Rising gas prices has also made car owners more interested in regular maintenance, experts say. Motorists who want to save money by purchasing an affordable used car will want to check out New Jersey Auto Auction, which offers numerous makes and models.