Can you say “in the toilet”? Automakers’ sales for September were grim at best and disastrous at worst. You can read about the sales slumps here. While high gas prices were the culprit for weak summer sales, sales slumps now are being blamed on the slowing economy and tighter credit, with fewer people qualifying for harder-to-get auto loans.
The silver lining to this gray cloud, at least for fast lube operators, may be the fact that the sales slump is hitting the dealership market hard. The article linked above noted that as many as 3,800 dealerships could be forced out of business this year. Further, consumers may be forced to hold onto their current vehicles longer, meaning it would behoove them to take better care of them.