Economic Downturn?

It’s impossible to turn on the TV or surf the Web these days without hearing gloom and doom regarding our nation’s economy. Question for all the lube operators out there: Are you really seeing an economic slowdown, or is it just media hype? Are your customers scared, or are they taking a more pragmatic view of economic news?

Also, we just put the February issue of National Oil & Lube News to bed. There are a couple of really good articles you won’t want to miss, including a discussion on the present and future of automotive coolant technology.

About National Oil & Lube News

National Oil & Lube News is the fast oil change industry's oldest and largest trade publication. Started in 1986 by Steve Hurt (a former fast lube owner) and David Arrington, NOLN has grown and evolved right alongside the fast lube industry. Here at NOLN, our aim is to help fast lube operators with every facet of their business, from operations to technical issues. Our monthly magazine and this regularly updated website contain everything from technical tips, recall announcements and service guides to articles on handling customer complaints, building your brand and making your business the best it can be. With tips and advice from experts both inside and outside the industry, you're sure to learn something that can help your fast lube business grow and prosper.
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One Response to Economic Downturn?

  1. Anonymous says:

    The quicklube business is so local, that the answer really depends on where you are. For example, the west coast and northeast have generally fared better than the middle of the country in car counts. The housing bubble in those markets may cause a larger decline in business, just as the automobile manufacturer depression in Michigan has killed quicklubes there. Competitive conditions also control this. If you are in a market that has an oversupply of low price providers, such as Wal-Mart, squeezed consumers may choose this avenue instead of the local quicklube.

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