Community Login
username:
password:
Survey Results
Do you think grassroots racing will suffer as a result of the economy?









 
7/1/2003

According to a survey conducted for AutoZone, Americans will pay up to around $2,500 before giving up on a car.



 
Doug Kaufman

 

Quick question for you: if the car you drove to work today suddenly needed repairs, how much would be too much for you to spend fixing it? At what point would you slap a "For Sale" sign on it and head to the new car lot?

According to a survey conducted for AutoZone, Americans will pay up to around $2,500 before giving up on a car. According to the survey of 886 driving adults, 53 percent of consumers say they would buy a new car rather than fix their old one when the estimated repair bill exceeds $2,000. In fact, 30 percent of respondents say if the bill is between $1,000 and $2,000, the car is no longer welcome in the garage. According to a spokesperson for AutoZone, the average repair bill that would make someone sell their car is just over $2,600.

Here’s the problem: 82 percent of the people surveyed say they would rather fix than switch – yet more than half say they spent less than $300 last year on maintenance. And because nearly half of them believe that washing it will make a vehicle hold its value, you have to question what today’s drivers really understand about their cars.

Rushing out to take advantage of no money down and zero-percent interest may seem like the perfect solution to a transportation headache, but think about it: if you can qualify for a no-interest loan, you’re certainly not going to be overwhelmed by installing a rebuilt engine in "old reliable" at a fraction of the cost of a new car or truck!

Many of today’s drivers don’t take into consideration the real costs of a new car – higher insurance rates, immediate depreciation and loss of value, a five-year monthly commitment...sure, it has that new car smell, but even that disappears after a few months.

As an industry, we need to help educate consumers about the real benefits of resurrecting their well-maintained cars with rebuilt engines. Now that the Automotive Repower Council has joined the Automotive Aftermarket Industry Association to become the Engine Repower Council (ERC), you’ll have a powerful ally in communicating your message to drivers and professional installers. A new ERC Web site and program initiatives will be coming soon to help spread the word and educate vehicle owners.

If drivers realize how short-sighted the replace-don’t repair attitude is, it will be good for us all.


Comment on this article:
 
More Final Wrap
Like Switching From Black and White to Color TV with Microwave Popcorn
I recently turned an age where you no longer want to talk about your age. An age where back pa...

What A Year It's Been...What!? It's Been A Year?
As I sit here pondering the many topics I could choose to write about for my last column of 2004, I'm suddenly struck by the unbelievable fact that it is December already! Of 2004! Where did 2003 go? What happened to April, for crying out loud...

What A Year It's Been...What!? It's Been A Year?
As I sit here pondering the many topics I could choose to write about for my last column of 2004, I'm suddenly struck by the unbelievable fact that it is December already! Of 2004! Where did 2003 go? What happened to April, for crying out loud...

Bad For The Auto Industry, Good For Rebuilding
The headline in the Dallas Morning News caught my eye: "New Car Customers With Negative Equity Are Growing Problem For Auto Industry." The words "negative" and "problem" are well-recognized around this segment of the "auto industry" so, of cou...

Showdown Pits Engine Builders Against Themselves
For the 1,500 members of the cheering crowd, the battle was between two teams of professional engine builders, both of which have enjoyed great success building engines for some of NASCAR's most popular - and successful - drivers. Fo...

search
 Search all editorial content
781 articles & videos
 





Engine Builder is a Babcox Publication
3550 Embassy Parkway
Akron, OH 44333
330-670-1234 • (FAX) 330-670-0874