Randy Wright, President and CEO of Cottman, said he believes that the New Orleans area has a lot of potential for the company.
"(It) was one of our earlier markets," Wright
"We've had good growth.
New Orleans is a wonderful town."
said that the future growth of the auto repair industry depends upon the economy, but he
anticipates that the industry will continue to see growth until 2016.
"Depending upon economic conditions it could continue or drop," Wright
"People's impression and confidence in the marketplace has dwindled."
said that people in their 40s are the fastest-growing age group in the U.S. and typically have other people work on their cars, adding to the growing number of repair shops.
The average age of a vehicle also is tied to the number of miles on it, which affects the work a car needs.
The longer a car is out of its warranty contract, the longer it's outside of the automotive market in need of repairs from shops like Cottman
added that the recession also impacted car dealerships, causing many American dealerships to close because there were simply too many people trying to sell cars.
Fewer cars were being sold starting in 2007, however 2012 looks better for the dealerships.