Drivers have to maintain their vehicles, no matter what, so in a time of doom and gloom, it's good to hear that people will be queuing around the block at their local garage.
UK (PRWEB) January 20, 2009
High street garages in the UK are set to be one of the big winners over the next 12 months as cash-strapped drivers decide to keep hold of their existing cars.
According to a recent study, the majority of car owners are tightening their belts and choosing not to spend money on a new vehicle, meaning the demand for mechanics will be higher than ever.
Fewer than six percent of those surveyed by Internet tyres specialist BlackCircles.com said they would definitely buy a replacement vehicle in 2009 as recession fears begin to bite.
Almost half of the 1500 respondents said that such a major purchase would be unlikely to figure in their spending plans and a further 35 percent ruled it out entirely.
BlackCircles.com operates by allowing customers to buy their tyres online or over the phone and have the tyres fitted at one of more than a thousand independent garages across the UK, with savings of up to 40 percent compared to high street tyre retailers.
Such survey findings are good news for thousands of mechanics, parts dealers and tyre retailers, all of which specialise in the repair and maintenance of vehicles and are likely to prosper as drivers hold on to older models.
Michael Welch, managing director of BlackCircles.com, explains: "Consumers are being more careful than ever with their spending decisions and a big part of that is cutting down on major purchases. Buying new cars falls into this bracket and it's no surprise to see people hold on to their cars - and their money - for the time being.
"Drivers have to maintain their vehicles, no matter what, so in a time of doom and gloom, it's good to hear that people will be queuing around the block at their local garage."
Notes to Editors
1. BlackCircles.com was founded by Michael Welch and has more than 300,000 clients and sales of more than £10m.
2. Mr Welch is the former business and e-commerce manager at Kwik Fit and founded BlackCircles.com in 2001.
3. BlackCircles.com was recently named as one of 20 winners at the BT Business Essence of the Entrepreneur awards, where Mr Welch also received the Most Outstanding Entrepreneur of the Year award.
For further information, please contact:
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