Guest Commentary

Guest commentary: Your walk around the car makes dollars, sense

April 02, 2023 04:00 AM

The lack of available new vehicles and higher sticker prices mean consumers are holding on to vehicles longer. This is expected to increase service department business and revenue, which is a silver lining during this time of inflation and high interest rates. According to Cox Automotive Chief Economist Jonathon Smoke, "The service department usually does well and is somewhat counter-cyclical during economic downturns."

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