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Check Processing Services Stimulate Auto Aftermarket Sales

Posted by Brandon Weaver | Fri, May 25, 2012 @ 11:00 AM

auto aftermarket mechanicThe automotive industry is the backbone of the United States economy. Although some people may think of this business sector as simply automotive manufacturing, the auto aftermarket is not, and should not be considered an afterthought. The auto aftermarket includes dealer service departments, repair shops, oil stop locations and many others. With that, check processing services stimulate sales, reduce merchant's risk and help keep the automotive aftermarket growing.

In fact, the Motor & Equipment Manufacturers Association states that motor vehicle parts manufacturers "directly employ over 685,000 Americans and are the nation's single largest manufacturing employer." With so many people working in this industry, it's easy to see why there is heavy demand for the products and services available.

Given the need for ongoing maintenance over the vehicle's lifetime, check processing services can be applicable for a variety of automotive businesses. Auto glass and muffler shops can benefit by the use of Electronic Check Processing. With a related service such as Remote Deposit Capture, an authorized check can be automatically processed and deposited into your account. This program is quick, efficient and eliminates trips to the bank. Likewise, a Stop Payment premium is applicable for repair businesses because these payments are often the most difficult to collect on.

Check processing services can be easily installed at the point of sale with little interruption to your normal business operation. Often times, the authorization and guarantee process can be completed in seconds while the customer is waiting at the counter.

Even if consumers do not take their vehicle to a repair shop or service department for maintenance, aftermarket retailers still benefit from the many "do-it-yourselfers" that are ambitious and cost-conscious. As such, Polk's automotive aftermarket blog indicates that Americans are owning their vehicles for a longer time on average.

 

Based on this growing trend, the auto aftermarket plays an even bigger role in vehicle maintenance because more repairs will be needed, and more frequently. This bodes well for a wide variety of businesses and emphasizes the importance of check processing services. Further, MEMA.org continues saying, "considering how many oil changes, brake jobs, batteries, filters, hoses, belts and tires a vehicle requires in its lifetime, it is easy to see why the $244-billion aftermarket segment is steadily growing."

In addition to auto glass and muffler shops, other businesses also flourish using check processing services. For example, auto body repair and brake shops increase sales with a Multiple Check premium. This service is especially effective for customers that write more than one check for the work completed, not to mention it offers you flexibility when accepting check payments.

Auto aftermarket businesses continue to thrive, thereby showing its continued importance to the economy. Check processing services allow these merchants to maximize sales and revenue. To learn more about how your business can start benefiting with check processing services, fill out this proposal request and we will get back to you as soon as possible.

Electronic Check Processing Insider's Guide
 

Topics: Auto Aftermarket, Increase Sales, Electronic Check Processing

Written by Brandon Weaver