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The Automotive Aftermarket Industry Maintains a Bright Spot in the Franchise Community
According to R. L. Polk & Co. in its annual vehicle population report, the median age of passenger cars in operation in the U.S. increased to 9.4 years in 2008, breaking the previous two-year record high. In fact, analysts from J.D. Power, Deutsche Bank Securities, and Wachovia Capital Markets all estimate that auto sales in the U.S. declined as much as 43 percent last month in comparison to sales in March of 2008. What does all this mean to prospective franchise owners? With the economy still in a rut and more consumers keeping and maintaining their vehicles versus buying new, the automotive repair industry is a smart business choice for those seeking a franchise to own.

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