Does Past Performance Indicate Future Results?
The Numbers Say ... Not Always
Investment ads contain the following disclaimer in small print: "Past performance is not an indication of future results." While this is often the case in the financial community, the aftermarket service and repair industry follows an annual pattern that is defined in the first quarter of the year. 2009 is shaping up differently.
Average monthly repair order (RO) counts consistently take a dive in February. For the past three years, the dip was between 7 percent and 9 percent. Then there was a rebound in March. Not in 2009; quite the opposite.
The January to February move was up, not down. Average RO counts skyrocketed 9.3 percent to 140. March RO counts slipped slightly to 138.
This strong 2009 start is encouraging. 2006, 2007 and 2008 peaked and dropped. 2009 is the opposite. This may indicate an upswing without the drop. With continued closings of dealer service bays, more vehicles will be competing for appointments in independent service and repair shops.
AutoInc. Web Site |
ASA Web Site |
Property and Casualty Regulation Included in New Federal Bill |
Road Warriors: Spreading the Red, White and Blue |
Selling Maintenance and Repair During Tough Economic Times |
Shop Profile |
Tech to Tech |
Tech Tips |
News Briefs |
Taking the Hill |
Around ASA |
Net Worth |
Stat Corner |
Members' Advantage |
Copyright (c) 1996-2011. Automotive Service Association®. All rights reserved.