The business press may be full of stories indicating that retail is struggling in Australia, in the wake of an underwhelming Christmas season, but not every sector of the market is equally gloomy.
In particular, the automotive parts and services business is doing well. It’s a $5 billion industry, with insurance companies alone spending about $2 billion a year on car parts. Even if economic conditions are not such that consumers are willing to spend on new cars, they are generally willing to continue to spend money on servicing and repairing their existing vehicle – people need their cars to go to work and drop children at school.
AAAA member Bapcor was recently featured in ShareCafe. To read the full article, please click here.