Tuesday, February 3, 2009

Everything old is new this recession

48% of all car owners are now saying they will hold onto their current car a year or two longer. Instead of turning in the old one for the new model, people are planning to hold on longer. A used product is now more attractive to the masses.

Bad news? Yes, if you sell only new stuff. But it's good news if...

You sell used stuff or
You sell old stuff that you fix up or
You provide service to people who have old stuff that needs to be fixed

1 comment:

  1. Hmmm, maybe I'll repost some of my old articles, too.

    Big winners in the local economy are thrift stores, pawn shops, and garage sales should be big this spring and summer...