This current recession has been an interesting occurrence where many jobs that were once very stable and even thriving like car dealerships are now struggling horribly and even closing up for the first time in several decades. Even Northern Kentucky auto insurance work and insurance companies are struggling a bit from the lower number of new cars being purchased. Other car related businesses, however, are doing better during this recession due to the fact that people are holding on to their vehicles for a longer period of time such as auto shops and mechanics, Northern Kentucky auto painting, and quick lube and oil change shops.
So many large car companies have had to declare bankruptcy for the first time to try to save their dealerships from completely going under. Large names such as General Motors and Chrysler have been in the news a lot recently on their financial woes and how Americans can no longer afford to buy new cars or even used cars at the moment.Many people in the Detroit area that worked for automotive plants have lost their jobs and it has one of the highest unemployment rates in the country.
On the other spectrum, businesses that also deal with fixing , restoring or improving cars are now doing better by the simple fact that people are not purchasing new vehicles but need to maintain or want to improve the ones that they already own. The better you maintain your current vehicle, the longer it will run smoothly and right now during this recession, that is what people want since they can not afford to buy a car.
Because of this huge problem in the auto industry, the government has stepped in to try to help some of these auto dealerships.They are currently running a program that will help the auto industry but will also help improve the environment. That program is called the Cash for Clunkers program where you can bring in any old car of yours that is a gas guzzler and get back up to 00 for it to use towards a new, more fuel efficient vehicle. The government is hoping this will help give the auto industry a jump start in getting financially stable. Many dealerships have seen improved business for this program and some have even run out of the money to be used for the cash for clunkers program because it has been so popular.
If you have a car that you already own but can not afford a new one and choose to not do the program stated above, then you may decide to change up things on your current vehicle to make it seem new. One way to do this is to change the color of the car by having it professionally painted by an auto painting shop. Other things that people are doing their existing cars are adding tinting to their windows or are installing a sun roof to make it seem like a new vehicle. These are the businesses that are doing well now.
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