The Best Industries for Starting a Business Right Now

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Automobile Dealers

Through 2008 and 2009, American consumers put the brakes on major purchases, and car sales—for both new and used vehicles—suffered significantly. Now, the industry is recovering. In March, sales were expected to rise 12 percent over last year, and Sageworks estimates an increase of more than 18 percent in sales by private dealers. Businesses that supply the auto industry are recovering as well. The net profit margin for motor vehicle parts manufacturers stood at nearly 5 percent in 2010; machine shops enjoyed a net profit margin that averaged 7 percent. Read more.