I have a different view of the reason for the closings. Most of these businesses have been around
for 30 or more years. The owners have reached retirement age. The smaller shops either close
or are bought by larger shops. The really large shops have to look for people who can afford to
buy out the multi-million dollar inventory. Not too many folks with the money and enthusiasm for
retail businesses these days. The folks in a position to buy are also looking at retirement and
say to themselves, boy if I were younger I would get into the business, but why tie up my
money now. Retail is so cutthroat today with the internet, it takes a lot of internal fortitude
to jump into the fray.
As to the statement concerning purchasing of NOS parts, I recently spoke with many of the
vendors who only deal in NOS and they all said business was slow.
Just my view from 35 years of experience in the business.
for 30 or more years. The owners have reached retirement age. The smaller shops either close
or are bought by larger shops. The really large shops have to look for people who can afford to
buy out the multi-million dollar inventory. Not too many folks with the money and enthusiasm for
retail businesses these days. The folks in a position to buy are also looking at retirement and
say to themselves, boy if I were younger I would get into the business, but why tie up my
money now. Retail is so cutthroat today with the internet, it takes a lot of internal fortitude
to jump into the fray.
As to the statement concerning purchasing of NOS parts, I recently spoke with many of the
vendors who only deal in NOS and they all said business was slow.
Just my view from 35 years of experience in the business.