))
When to Overreact: A Conversation with an Economist
Manage episode 438274321 series 3029161
Contenu fourni par CAR WASH Magazine. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par CAR WASH Magazine ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.
In this episode of CAR WASH the Podcast, International Carwash Association CEO Eric Wulf is joined by Alex Chausovsky, a seasoned market researcher and analyst with over 20 years of expertise in economics, business cycles, and industry-specific trends.
The episode explores the ICA’s Q3 research survey, shedding light on year-end retail growth projections within the car wash industry. Eric and Alex break down current market dynamics and unemployment trends and analyze the Federal Reserve's reactions. They also explore the potential impact of the upcoming election on consumer spending and how these factors might influence the car wash sector.
Key highlights include:
- Consumer Spending: Despite rising consumer debt levels, spending remains steady, though there's noticeable hesitancy, particularly among younger demographics (39 and under). Credit card delinquencies are up, yet auto loan delinquencies have slightly decreased from the previous quarter.
- Economic Outlook: Alex Chausovsky provides strategic advice for car wash owners on navigating these economic uncertainties, leveraging insights to optimize business performance.
- Election Impact: While elections are a significant event, Chausovsky emphasizes that the US economy's size and resilience often mitigate election-related concerns, advising industry players to focus on what they can control.
Join Eric Wulf and Alex Chausovsky on December 13, Projections Day, at the 2024 Roadmap event (https://carwashroadmap.com/register).
291 episodes
Partager
