TMCP #429: The Real Scoop with NPD’s Rick Schmidt: How Will The Covid-19 Shutdown Affect The Automotive Restoration Business Economy?

The MuscleCar Place

Robert Kibbe

Automotive, Leisure, Business, Careers

4.8 • 701 Ratings

🗓️ 1 May 2020

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Happy May 2020! With some of the country starting to re-open I thought that this episode would be appropriate for a special edition all "Ask Rick" show with Rick Schmidt from NPD. Rick's monthly segment has been highly popular with so many of you due to his straightforward approach to all questions asked, and I specifically wanted to hear how COVID-19 is affecting the automotive aftermarket and restoration economy. The short answer is...things aren't exactly as you think they might be!

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The post TMCP #429: The Real Scoop with NPD’s Rick Schmidt: How Will The Covid-19 Shutdown Affect The Automotive Restoration Business Economy? first appeared on The Muscle Car Place.

Transcript

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0:00.0	The Muscle Car Place online podcast episode number 429.
0:04.2	This week, it is now May 2020, and coronavirus is still here for now.
0:10.8	Things are changing.
0:12.3	Some companies are hurting.
0:13.6	Others are thriving.
0:14.9	And we're going to talk to the expert Rick Schmidt about what's really going on in the industry.
0:19.6	It's not exactly what you think,
0:21.4	at least not right now. There's others that are saying we're having the strongest spring with
0:26.4	this virus that we've had in quite a long time just because of all the hobbyist activity
0:30.2	for all the people who are shut at home. So it's all over the board. It's all over the board,
0:35.3	but I think all in all the industry is going to survive through this
0:38.6	just fine as long as the economy doesn't take a more overreaching and long-term hit.
0:50.0	This is the Muscle Car Place, weekly online podcast.
0:54.3	Brought to you by National Parks Depot. This is the Muscle Car Place, weekly online podcast. Brought to you by National Parks Depot.
0:56.9	This is the weekly show dedicated to people worldwide who love American muscle cars.
1:02.8	Whether you're buying them, selling, restoring, or even racing them, this is the place for you.
1:09.1	Now, here's your host, Rob Kibby. Yes, indeed, I am Rob Kibby, and welcome to the
1:15.7	Muscle Car Place podcast. By the time you get this, it should be May Day, May 1st. So happy May Day,
1:22.3	2020. And hopefully today is the day that some things can get back to normal, at least some semblance of normal.
1:30.2	Here in Iowa, there are 99 counties in Iowa.
1:33.3	77 of those 99 as of today, May 1st, have effectively lifted the lockdown.
1:39.8	And restaurants can open at a reduced capacity.
	...

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