Snap-On Profits Are Up … So What?
Snap-On Tools reported last week that their profits for the 2nd quarter are up 21 percent. Big deal, right? Believe me, I’m not trying to hand out investment advice. I have no idea how their stock will perform, nor do I hold any. But I do find it interesting that they seem to be selling more tools. Do-it-yourselfers rarely buy Snap-On tools because of their higher cost. If you want professional grade, you have to pay to play, and most how mechanics don’t abuse their tools enough to worry too much about it. I will say this: My biggest Snap-On rolling box has seen more than 2o years of hard use and is still tough as nails and smooth as butter. But I digress. I only mention Snap-On’s profits because the recent report seems to bolster many people’s theory that drivers are holding onto their used cars longer and paying to have repairs done rather than diving in for a new car. If you fit into this category, you can save some serious cheddar by doing some of your repairs, or at least your maintenance, all by yourself. Get to it!
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@ About.com Auto Repair
