Shining Light on the Industry
Robinette: From the forecasts I see, overall, there’s not going to be any huge increase in any part of any business. In retail, there may be some increase, but I think it might be a small amount, maybe one or two percent. It’s very difficult to have increases as they keep lowering the prices. The economy is growing a little, but certainly not by leaps and bounds, and I don’t think, no matter who’s in in office, that it’s going to change that much.
I think the holidays are going to be pretty good, but I don’t think overall in the next year that there’s going to be a huge increase. But I do think once we get past the election and into the end of the year and into January, we’ll see some pretty good sales.
The good news is, people have money in the bank. In our market, deposits are at an all-time high, and the bankers say that’s because no one’s spending any money. And credit has come back tremendously in the last year or so. So I’m thinking that after the election, when people see some things settling down, and quit listening to everybody fighting, maybe they’ll start spending some money. DS