Auto Service World
APRIL 9, 2025
Bornn and Favelle both started their careers at Elmac Bornn as a part-time janitor and shelf-stocker in 1993 and Favelle as a parts delivery driver in 2008. Now at the helm, Favelle oversees daily operations and staff, while Bornn manages inventory, technical operations and finances.
Shop Marketing Pros
JULY 23, 2024
On top of that, my wife and I were terrible at managing our personal finances. In 2008, a 7-month long road construction project put us out of business. One of the things that did change during this time was we became much better at managing our personal finances. To say we struggled in business would be an understatement.
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AutoSuccess
DECEMBER 15, 2023
Many Millennials entered the job market during the 2008 recession, which has shaped them into savvy financial planners. According to LendEDU, nearly 54% of Millennials compared auto finance rates before purchasing a vehicle, and 60% were not surprised by maintenance costs due to prior research.
Jalopnik
APRIL 4, 2024
Back in 2008 , the Nissan GT-R was a paradigm shift for supercars. Here was a Nissan — an attainable Nissan — that made Ferraris and Porsches look like chumps. Now, 16 years later, the GT-R is far pricier and mildly faster in a world that’s caught up to its speed and tech. Yet, perhaps due to that early reputation, it… Read more.
AutoSuccess
SEPTEMBER 16, 2024
Higher interest rates make financing new vehicle purchases more expensive, and the average interest rate for new car loans has risen to over 7%. This reduces the rate at which consumers need to purchase new vehicles. Since the pandemic, economic factors have significantly impacted consumers’ ability to buy new vehicles.
Brake & Front End
NOVEMBER 21, 2023
My Family Scrapbook After the economic meltdown in 2008, I had some family members who fell on really hard times and lost everything – their business, their home, etc. Concurrently, things were booming in Houston, my shop was doing well and we were having a great time at the company.
Jalopnik
JANUARY 8, 2024
It may surprise you how many brand new cars are still available for sale which weren’t designed in the last decade. Some weren’t even launched this century. Manufacturers will often avoid replacing a long-running model as a means of cost savings, though some of the cars on this list remain as popular as ever, despite… Read more.
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