Our Sponsors
Top Categories
Site Spotlight
Our Partners
Statistics & Page Rank
- Active Links: 8483
- Pending Links: 1299
- Todays Links: 28
- Rejected Links:
- Active Articles: 156
- Pending Articles: 214
- Todays Articles: 0
- Total Categories: 15
- Sub Categories: 661
Compete Ranking
Bookmark Me
Internet Marketing and Services Human Edited Web DirectoryArticle Details
Franchises succeed despite tough times for automotive industry |
|
| Date Added: January 29, 2010 05:30:09 PM | |
| Author: Anto Mathew | |
| Category: Business & Economy: Opportunities | |
The grave problems in the US car industry are common knowledge. The US auto industry is in deep financial crisis. In recent years the big three auto manufacturers GM, Ford and Chrysler, have been struggling to stay afloat with collapsing sales, plunging share prices, steep losses in their operations and depleted cash reserves. The economic downturn delivered a knockout blow. Car makers can't get credit to complete their restructuring while lenders will not fund car loans to enable consumers to buy new cars. But Franchise Direct has learned that the serious crisis in the automotive industry, coinciding with America’s most serious recession since the 1930s, has actually manufactured genuine opportunities for aftermarket and car rental and sales franchises. The truth is Americans are not buying brand-new automobiles as readily as they used to. Franchise Direct proved that estimated new car purchases for this year are 9.7 million units. This indicates a 40% decline over the last 3 years. But America’s love affair with the automobile is undiminished. Thanks to the global economic crisis, more drivers are becoming reliant on services offered by automotive franchises as they need to get more use out of their vehicle. Aftermarket automotive franchises are most likely to prosper from this development, as consumers seek essential maintenance with greater need. They will most likely rely on a garage with a trusted reputation. Used car and rental franchises will also benefit from this new frugality. Profitable new niche markets are also growing for franchised businesses to profit from. In recent decades, drivers have embraced automobiles with intricate technology. This might mean advanced engine systems, microprocessors and evolved safety and music technology. There has also been a greater interest in ‘green’ technology in car making. With these technologies becoming more popular, a new franchise opportunities market is forming to cater to this taste. Drivers currently lack the skill to perform such complicated automotive work and instead relying to trusted franchise companies. Also, Franchise Direct recently conducted a study where they examined the Franchise Disclosure Documents (FDD’s) of 30 automotive franchises and found that more car lovers are turning to franchises to keep their car in a drivable condition. So the outlook for franchises working in the car industry is full of hope. The increasing cost of cars relative to total income means that consumers will invest extra on auto maintenance and reconditioning to help retain the value of their cars. The growing invest for navigation systems, car safety systems and entertainment and systems has also allowed for growing niche markets for auto franchises. Franchising succeeds because it allows entrepreneurs to work for themselves, but not by themselves. With an automotive franchise, you’ll be working with a franchise with an established brand name and a trusted reputation. Franchising will set your dreams of owning a small business and put them in motion. It is ironic that the global recession and the collapse of America’s car industry have engineered the conditions for the recent success of automotive franchises. America’s passion for the automobile is still strong, but American attitudes towards car buying have radically changed. Franchise Direct’s (http://www.franchisedirect.com/)research shows that drivers are relying on automotive franchises to keep their cars functioning. With the government’s recovery plan creating some economic activity, Franchise Direct believes that this is a rewarding time to consider franchise opportunities in the automotive sector. |
|
|
|
|
Alexa Traffic
Latest Articles
Whats can you do with wordpressA conversion of PSD to WordPress includes a top-notch answer for developing WordPress themes from Photoshop to obtain a search engine-friendly blogging website portal. | |
Why seal your Granite or MarbleWe asked Ken Thompson the Operations Manager at Stone by Nature, America's largest online vanity top provider to give us some practical pointers on caring for granite and marble countertops including the need to apply a quality stone sealer. | |
Latest Links
PR: 1
| Weber NJ Newark Airport Limo Car Service Weber NJ Newark Airport Limo Car Service serving Newark Airport, JFK Airport, Laguardia Airport, New Jersey and NYC. Fleet consists of Lincoln Town Car sedans to serve all your transportation needs. - Read more http://www.njlimocarservice.com |
| (0 Reviews. Rating: Total Votes: ) | |
PR: 1
| Womens Jumpsuits Find jumpsuits in a variety of colours and styles at Lipsy UK. Browse the collection of jumpsuits at the Lipsy online store today. - Read more http://www.lipsy.co.uk/ |
| (0 Reviews. Rating: Total Votes: ) | |
Popular Categories
Popular Links
Our Sponsors
Partner Pages