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Options for Investing in the Auto Parts Industry | PowerOptions Web Log
Slowing growth, decreased wages, and rising unemployment all spell doom for new car sales. However, this doesn’t mean there isn’t money to be made in the automotive industry. There are plenty of companies who operate in the secondary automotive sector and who are in the business of repairing and maintaining used cars. In a recession, people are more likely to repair their current car rather then buy a completely new car. Some of the leading companies who operate in this secondary automotive sector include Monroe Muffler Brake Inc. (MNRO), AutoZone Inc. (AZO), and O’Reilly Automotive Inc. (ORLY). Monroe Muffler Brake (MNRO) provides automotive under-car repair and tire services on a range of vehicles including passenger cars, light trucks, and vans. Some of the repair services available include muffler and exhaust systems, brakes, steering, suspension, and wheel alignment. Their maintenance services include oil changes, heating and cooling systems, belt installation, and...