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Driving Old Cars Helps Auto Repair Centers Turn a Profit

Posted by Brandes Elitch on Thu, Mar 28, 2019 @ 06:45 AM

A consumer just found their dream car and believe they got a good deal from one of the local auto dealerships. Isn’t this one of the big things in life? Of course it is.

Being a savvy shopper, this consumer knows the car depreciated 10 percent the instant they drove it off the car lot and that it will depreciate another 10 percent over the first year of ownership. They may also be aware that studies show it will lose about 10 percent of its value each year over the next four years.

If one does the math, this means that after five years, it is going to be worth about half or even 40 percent of the original sale price. Many people, including me, find this to be a scary statistic.

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Tags: Brandes Elitch, Auto Aftermarket, Auto Dealerships

The Best Way to Help Customers Pay for the Cost of Auto Repairs

Posted by Harrison Friedes on Fri, Dec 28, 2018 @ 10:45 AM

According to a AAA survey, “One-in-three U.S. drivers cannot pay for an unexpected car repair bill."

The survey also stated that “64 million American drivers would not be able to pay for an unexpected vehicle repair without going into debt.”

Along those same lines, reports “the average auto repair bill comes to between $500 and $600 — and 1 in 3 motorists can't pay it without incurring debt.”

Given that many drivers on the road are unprepared for the high cost of vehicle maintenance and repair — and don't have the cash or available funds on their credit or debit cards — it would be wise for shops to know what they can do to help customers pay for the cost of auto repairs.

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Tags: Auto Aftermarket

Auto Parts Industry Professionals Pilgrim to SEMA Show 2018

Posted by Harrison Friedes on Sat, Jul 28, 2018 @ 06:45 AM

Auto parts industry professionals from around the country gather each year at the SEMA Show (Specialty Equipment Market Association) to compare notes, practices, and most importantly, automobiles. SEMA is expected to put this year’s newest trends on display at their big event on October 30 – November 2 in Las Vegas.

The SEMA Show contains over 2,400 exhibiting companies and every type of new and hot product that one could imagine. It offers well-known speakers, a plethora of demonstrations, educational seminars and numerous networking opportunities. The convention covers over one million square feet of space and SEMA brags of over 70,000 buyers attending last year’s show.

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Tags: Events / Conferences, Auto Aftermarket

How Do Old Cars Become Classic Cars & How Do You Get Them Repaired?

Posted by Brandes Elitch on Mon, Jun 25, 2018 @ 11:45 AM

There’s a lot of interest in collecting old cars and classic cars these days. How does a collector know the difference between one that is just old and one that qualifies as a classic, and more importantly, how do they get them repaired?

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Tags: Brandes Elitch, Auto Aftermarket

Five Tools to Increase Sales at an Auto Parts Store

Posted by Joe Gargiulo on Wed, May 23, 2018 @ 07:45 AM

If you hear yourself saying, “we’re an auto parts store, not a savings and loan,” more often than you like, then perhaps you’ll stick around long enough to discover five tools to increase sales.

It’s no wonder you feel that way given the cost of card-terminal certifications in relation to time and money. Then there’s the problem with independent garages taking an extra 60 days to pay their monthly balances or even bouncing those checks. You’re in the business of moving auto parts to legitimate wholesale and retail customers, and you want to keep it that way.

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Tags: Auto Aftermarket, Increase Sales

The Local Auto Body Shop of the Future

Posted by Joe Gargiulo on Fri, Apr 20, 2018 @ 08:00 AM

In or about the year 2030, a fully autonomous car will drive itself to a local auto body shop for repairs within minutes of being involved in a minor fender bender. Furthermore, the arrival of the vehicle will be anticipated because its onboard diagnostic (OBD) system and the shop’s computers belong to the same national network.

Next, one or more human passengers will make their way into the repair shop office to touch bases with management, and if necessary, finalize repair authorizations or provide additional information.

Thus begins a scenario that will be played out in shops across the country, but what happens in the preceding 10 years will determine if those shops will survive “the cut” of an extremely dynamic marketplace. We offer the key moving parts followed by evidence supporting cause for optimism in this important segment of the auto aftermarket vertical.

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Tags: Technology, Auto Aftermarket

Auto Aftermarket Sci-Fi Movie Car Costs and The Hoff [infographic]

Posted by Andrew Donahey on Wed, Mar 21, 2018 @ 12:00 PM

Don't hate! David Hasselhoff is huge in Germany, and as it turns out, so is the price tag on the Knight Industries Two Thousand, or just plain KITT to mere mortals such as ourselves. Lucky for us, the focus of this infographic is on the auto aftermarket cost of our favorite Sci-Fi Movie Cars and not the discography of The Hoff. (<<< "You're welcome" for that link right there!)

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Tags: Auto Aftermarket

Car Collectors: Why People Buy Old Cars

Posted by Brandes Elitch on Tue, Mar 20, 2018 @ 01:00 PM

When you go shopping for a new car, you probably have a checklist of what you are looking for. The checklist might include some of the following things:
  • Finances – what you can afford and likely be approved for by the bank
  • The driving experience you get at the dealership when you take a test drive
  • Styling preferences and brand image (e.g. luxury, near luxury, economy, etc.)
  • Perceived quality and reliability reputation
  • Your previous experience with the brand and the dealer
  • Maintenance plans and other options

But none of these things apply to car collectors who are looking for a specific year, make and model of a vehicle that was made 20 or 30 years ago. Actually, since the average car on the road today is 11 years old, 20 years old doesn’t seem so old anymore, does it?

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Tags: Brandes Elitch, Auto Aftermarket

RepairPal Surveys Auto Repair Shops to Form Reliability Study

Posted by Joe Gargiulo on Mon, Nov 20, 2017 @ 07:45 AM released a Car Reliability Rating based on millions of vehicle repair orders from its Certified Network of over 2,000 auto repair shops. The organization says the research study is the first dependability metric to derive scores from real-world data. Asian automakers dominate the ratings with Honda, Lexus, Hyundai, Mazda, Kia, Toyota and Acura all scoring an Excellent rating of 4.5 out of 5.

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Tags: Auto Aftermarket

2017 SEMA Show: the Monster Event of the Auto Aftermarket

Posted by Joe Gargiulo on Mon, Oct 23, 2017 @ 07:00 AM

The SEMA Show takes place October 31 – November 3, 2017 at the Las Vegas Convention Center in Nevada. Produced by the Specialty Equipment Market Association to serve the auto aftermarket, the SEMA Show is billed as “the premier automotive specialty products trade event in the world,” drawing “the industry’s brightest minds and hottest products to one place.”

The trade-only conference delivers a wealth of information from auto aftermarket vendors, auto and light truck accessory dealers, auto parts stores, tire and wheel dealers, repair specialists and shops, racing engine builders and more. It’s a must-see event for buyers, managers, wholesalers or anyone in the auto aftermarket industry who is interested in expanding their knowledge.

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Tags: Events / Conferences, Auto Aftermarket