Tag: chicago limo service

Chicago Auto Sales Are On a Decline in July

When the bad news couldn’t get any worse for Chicago businesses (www.elitechicagolimo.com), the weak American branded auto sales reports have stalled economic recovery in Chicago for even longer.  While the foreign brands like Toyota and Honda are on pace with their expectations, the domestic brands have miles of catching up to do.

As a result, the business activity has taken a toll in Chicago.  Since the majority of the Chicago economy depends on the transportation industry such as limousines, shuttle buses, party buses, and auto repair, having the vehicle sales drop while the driving activity weakens has made a serious dent in the recovery process.   Less people hit the nightlife in Chicago, go shopping, and enjoy their daily activities because the wealth isn’t spreading around or “trickling down” to the consumers.

So while the rest of the United States is making a swift run to match 14 million in vehicle sales expectations this year, Chicago is lagging behind.   This is a double whammy for Illinois because of its reliance on the limousine sale, service, and rental industry and the already increasing taxes on the individual tax payers and corporations.  Not to mention, there are quite a few major auto insurance companies headquartered in the surrounding Chicago suburbs such as Allstate and State Farm.

Due to the slowing vehicle sales, Chicago is seeing more work done on older vehicles and conversions from old shuttle buses to party buses.  Chicago limos are also being converted from older Lincoln, Freightliner, and Chrysler makes instead of the newer models such as Lincoln MKZ.

loner customer at the auto dealer
Less People shopping for vehicles is having a major effect on the Chicago economy.

All hope for Chicago is put on the performance of vehicle sales and service rentals in August, as well as on the upcoming elections which will certainly push things around.  Change is certainly welcome in the Windy City.

Economic Recovery and Chicago Businesses

With all that’s going on in the world today, it is very easy to get overwhelmed by the information available out there. The potential War and nuclear crisis in Iran, the notorious race for the Republican Presidential Nominee with the infamous Romney, Ron Paul, and Newt Gingrich, the ecological crises that seemingly erupt daily, and the plea for government reform on every corner. Thus when you start thinking about all of these problems, issues, and daily occurrence, you oftentimes forget about your own wellbeing and forget what’s most important to you – that is, the livelihood of your family, business, and yourself.

Those aforementioned criteria have been recently governed by the economic stimulus or lack thereof. But regardless of how difficult it may be for us to accept the fact that the Economic recovery is slow and it won’t happen overnight, it is indeed making progress. All over Chicago and the US, businesses are once again starting to hire, promote their products, and make moves that are setting them up for a perceived potential Economic boom. After all, everyone knows that down moves in the stock market and the economy do not last forever. Thus, more and more people are regaining confidence in our current economic status and starting to collect their money from under their mattresses and slowly easing into good investments.

In Chicago, this has become the new norm. Although it may seem that the foreclosures are still everywhere in all of Chicago, and that Chicago citizens are being very cautious with their money, it’s becoming harder and harder to find properties and investments for a bargain. As a matter of fact, investors are flocking to Chicago’s real estate market, investing in the air lines and couriers again, buying work cars such as Chicago Limousines, and hiring labor. If you were to compare Chicago O’Hare airport today and in 2008, you would see nearly triple the amount of limousines transporting businessmen and families from and to the airports.

It’s kind of silly, but you can tell a lot about the economy by measuring the success and the expansion of a Chicago Limo company. When Chicago limo service is down, so is the economy, when it picks up, it’s a signal of a recovering economy.

If you are interested how the economy impacts limousine business directly, visit http://www.elitechicagolimo.com or call us 312-201-1055.