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Many Millennials entered the job market during the 2008 recession, which has shaped them into savvy financial planners. If your online review process needs improving, consult your own digital native associates for input. This group places a higher value on experiences over saving money.
That’s just when all the data points were first available, but it’s really important to zoom out to multiple decades so you can see 2008 and COVID in more context. 2008 hit and set the industry back by 10 years of growth, cutting total sales by over 30%. Second is the free consultation I mentioned above. What does the data show?
Reflecting on past economic downturns, such as the 2008 financial crisis, the aftermarket historically benefited from the inverse relationship between new vehicle sales and tightening credit conditions. For jobbers, strategic planning is critical. However, in recent quarters, this trend has not played out as expected.
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