In an era of economic volatility, investors are turning toward assets that can withstand financial downturns. A promising sector in this regard is the automotive industry, known to provide recession-resistant non-retail commercial income.
Understanding Recession-Resistant Non-Retail Commercial Income in the Automotive Sector
Non-retail commercial properties in the automotive sector include businesses such as auto parts manufacturing, auto repair shops, and auto fleets. These entities typically maintain steady revenue streams, even during economic recessions, making them an attractive prospect for investors.
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Most cars last for many years. In fact, you can drive an average car around 200,000 miles before you retire it. However, some cars wear out faster than this, while others last longer. So you might face a dilemma if you have an old car that needs work. Do you fix it or junk it? Many people face this question with their vehicles, but the answer varies. Here is a guide to help you decide whether to fix your car or junk it for cash.
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