REPAIR SHOPS THRIVING
SOURCEWith all the uncertainty in the world it’s no secret people are keeping their cars longer. As we’ve reported, the average vehicle in the U.S. is more than 10-and-a-half-years old. That’s down right geriatric. This has been bad news for dealers, automakers and suppliers, but it’s great for repair shops and parts makers. The Wall Street Journal reports Monro Muffler and Brake – that’s Monro without an “e” on the end – just posted record sales and profits. The Rochester, New York-based repair outfit’s income rose 14 percent compared to last year.