How spending habits and the way we view appliances are affected by the changing economy…
- Many people are trying to save money and are getting appliances repaired instead of automatically purchasing a replacement.
- Both car and computer repair shops have seen a huge spike in demand for their services.
- Consumers are taking better care of their cars and other household items in order to save money.
Facts & Figures
- Computer repair business’ revenue is 30% higher than a year ago.
- Consumers are extending the lives of their vehicles to nearly 10 years on average, from eight just two years ago.
Best Quote
“I had a lot of customers who had an imaginary threshold. They’d say, ‘I won’t fix it, I’ll unload it.’ Those customers are rethinking that threshold and saying, ‘Maybe I’d better take better care of my car.’” – John McWilliams, Service Manager at Autobahn Motor Works of Bethesda, MD