Recessionary Environment: When The Going Gets Tough

It may not officially have arrived, but all the signs of a recession – runaway inflation, climbing interest rates, and more–indicate it’s on the way.

Some tire shops may not be feeling the pinch yet, since their bays are full. “Shops are full because people are keeping their cars longer,” explains Maxime-Olivier Gauthier, Vice President, Marketing and Communications at Unimax. For the past two or three years, car dealers have been experiencing inventory shortages, and prices of both new and used cars have skyrocketed. 

Based on a recent study, Gauthier reports that …

Source: Autosphere