by Roma Vivas
WEST TEXAS- An economic recession is threatening one of the biggest industries in our country. In the state of Texas, the automobile industry provides thousands of jobs and pump millions of dollars into the state's economy.
"They represent huge parts of the local community, from pallet makers to haul engines and transmission to rail cars to trucks to all the folks who related to industry to see that industry collapse or to shrink it's a mayor impact in our whole economy," Car Dealership Owner Collin Sewell, said.
And with the recent announcement of an economic recession many jobs could be at risk, but Collin Sewell who has a dealership in Odessa and in Crane says the situation puts things in perspective.
"The greatest thing that could of happened is that we are on the way out I mean if we hit bottom, if this is the recession than you know what comes after that, growth, so that's one way of looking that," Collin said.
West Texas is known for having a good unemployment rate while the rest of the country's is going up.
"We are blessed to have an economy that is been driven by energy for so long so at the same time while for years the last couple of years. Other parts of the country have really suffered we have seen a continuing growth and increase in our business," Sewell said.
Sewell says he thinks the bailout is a good idea, but in the meantime he is confident his business will be good.
"In my industry, in the car industry, whether people may not choose to replace their vehicles as often as they have in the last few years they still need their vehicles repaired, they still those vehicles maintained and the cheapest way to take care of a vehicle is to maintain it," Sewell said.
Sewell says in past months the sale of SUV's and trucks increased slightly because of high fuel costs, but he says here in West Texas there is a necessity for these types of vehicles.