Government Policy and its Impact on the Automotive Repair Industry

▤ Summary

To compensate for this a great amount of government spending ensued in the form of Covid relief funds. In times of inflation the Federal Reserve will increase interest rates thus tightening the money supply. As electric vehicle usage grows – labor and part requirements for automobiles will diminish. This policy combined with inflationary pressures has brought on a strike by the united Auto Workers Union. The current economic environment presents significant challenges for the automotive repair industry.

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