August 2nd, 2011 
Jonathan Dionisio 
One of the most amazing business stories I have heard this year is about the auto industry. For years, the car manufacturing and sales industry was a wreck. Kind of like a car with four flat tires, broken radiator, bad paint job and a rusty engine. The government offered a quick fix and business owners found a way to put it back on the road. Now, growth in this industry is driving the economy and affecting other businesses positively as well.
According to the Labor Department, there are approximately 700,000 workers manufacturing vehicles and working in parts production, and 900,000 more who are involved in new car dealerships.
Looking at the trend based on data from the Commerce Department, a rise in car manufacturing affects employment and spending. When automobile production picks up, companies start hiring workers, thus creating jobs which in turn stimulate consumer spending.
Aside from that, according to Kim Hill, research director for the Center for Automotive Research, there are some jobs that indirectly benefit from the automotive industry. He estimated that the auto industry, in a way, supports roughly 8 million U.S. jobs—about 6% of the total 131 million US laborers.
What does this mean for business buyers like you? It’s simple – consider an automotive company for sale as part of your acquisition plans. If your line of business does not involve car manufacturing, then you could consider other industries that are affiliated with the auto industry such as transportation and logistics, manufacturing, professional service or wholesale.
The following companies for sale are listed on Corporations4Sale.com:
- Farm Equipment and Tractor Parts Business
- Full-service Golf Cart Company
- High Performance Auto Components Manufacturer
- Full Service Freight Forwarder and Customs Broker
- Long-Haul Trucking and Transportation Brokerage
- Profitable Crude Oil Marketing Business
- Regional Freight Forwarding and Relocation Services
- Transportation Company – Brokerage and Vehicles
- Transportation Company – High Value Cargo
- Trucking – LTL Foliage Carrier For Sale in Florida
- Global Car Wash Systems Manufacturing Firm
- Plastic Injection and Transfer Molding Services
- Engineering Contract Design Firm
- Multinational Ball Bearing Manufacturer and Distributor
Despite suffering from the aftermath of the earthquake in Japan, the auto industry is back on its feet. With developing markets and the introduction of hybrid and fuel-efficient cars, experts say that auto industry sales will reach 12.7 million units this year and about 13.6 million in 2013. However, the auto industry is aware of the other factors that are affecting their sales, yet they continue to remain optimistic about the future. Yes, we are far from a full recovery, but we are on the road.
As business buyers, you too should be vigilant about your plans for growth through buying a business for sale. Continue with your journey and for sure, your company will move on towards a better future.
Sources:
http://economix.blogs.nytimes.com/2011/07/27/the-auto-industry-stuck-in-the-slow-lane/
http://www.reuters.com/article/2011/07/27/us-study-globalgrowth-idUSTRE76Q7HJ20110727
http://www.reuters.com/article/2011/07/28/us-autos-sales-idUSTRE76R63120110728
http://online.wsj.com/article/SB10001424053111903591104576468690216989656.html
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