The signs are all around us. I've lost count of the number of new car sales lots I've seen closing shop in recent months. The noteworthy losses plaguing shares of American icons Ford
Although demographers are noting a "New Urbanism" taking shape as high gas prices and home foreclosures lure many suburbanites back into the cities, costly commutes will remain a fact of life for countless workers with deep roots in the 'burbs. Assuming that scores of suburbanites continue to rely upon their automobiles, it seems possible to me that fewer new car sales may ultimately lead to more auto repairs.
For its part, parts distributor Genuine Parts Company
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Only time will tell whether my auto repair hypothesis has merit. But if it does, I suspect that investors currently buying into this quiet space could see significant repairs to their own portfolios in the near future.