2022-11-17

About Grappone Automotive Group

Location: Bow, NH

Type: Private

Employees: 20

Annual Revenue: 1.2 Million dollars

Class: Division 1 service industry, automotive repairs and paint as well as car sales.

Return on Assets: 27% /year

Return on Equity: 41.34% /year

U.S Economy: Is Recession coming?

U.S Economy: Survey of Professional Forecasters

Survey of Professional Forecasters

November report, which was released on 11/14/2022 at 10 AM

  • The Federal Reserve Bank forecasters predict the economy will expand at an annual rate of 1 percent this quarter, meaning there will be a slower output growth
  • Real GDP will increase 0.7 percent in 2023 and 1.8 percent in 2024
  • CPI inflation will average 5.4 percent at an annual rate, up from the prediction of 4.3 percent in the previous forecast
  • Unemployment rate will increase from 3.7 percent in 2022 to 4.2 percent in 2023 and remain almost unchanged for the next two years

National Cycles of the Industry

How is the economy in New Hampshire?

Managing through the Business Cycle

  • Review inventory and future imports

  • Save liquid assets in case of a downturn

  • Keep employees happy and engaged

  • Watch for excessive capital spending and stop when in a downturn

  • Keep good relationships to gain credit to buy cars for inventory even in a recession