Dan Wheldon Memorial Auction Raises More Than $600,000 -

Dan Wheldon Memorial Auction Raises More Than $600,000

An online auction of memorabilia dedicated to the late Dan Wheldon raised more than $600,000 for a memorial trust established for his family after the two-time Indianapolis 500 winner died from injuries sustained in an accident in October.

An online auction of memorabilia dedicated to the late Dan Wheldon raised more than $600,000 for a memorial trust established for his family after the two-time Indianapolis 500 winner died from injuries sustained in an accident in October.
 
The organizers of the Dan Wheldon Memorial Auction released a final total of $627,203 on Jan. 13 after all items had been officially sold and the funds collected.
 
"From the very beginning, I have been so overwhelmed by the outpouring of sympathy and the unwavering support of Dan’s friends, his fans and from the racing community," Wheldon’s wife Susie said in a statement. "When Graham (Rahal) reached out to me with the auction total today, I was very touched by everyone’s generosity.  I want everyone to know how grateful I am and how much I appreciate everyone’s kindness and their love. It means the world to our family, and I hope one day to personally thank all those who donated and purchased the auction items."
 
Rahal, a competitor in the IZOD IndyCar Series, started the auction when he announced that he planned to auction off his helmet, shoes and gloves from the Las Vegas race and donate the proceeds to Wheldon’s family. As word spread about his gesture, personalities from the sports and entertainment world began donating items for Rahal to auction off. Within just a few days, the auction grew too big for Rahal to handle alone. It was taken over by eBay, which waived all fees, and Auction Cause, an auction management agency.
 
"We’re beyond floored with the outpouring of love you have all shown," the organizers said via their Twitter account. "(We) couldn’t have done it without you all! Words can’t express our gratitude! Every little bit helped and will make a difference for the family."

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The True Cost Of Comebacks

Comebacks are a hot topic today. You need to track all comebacks, determine the reason (tech error, part error, training issue, other) and then calculate the true cost of the comeback.

By Joe Marconi of Elite
Comebacks are a hot topic today. You need to track
all comebacks, determine the reason (tech error, part error, training issue,
other) and then calculate the true cost of the comeback.
Here are a few things to consider:
• The loss of time when performing the comeback; time that the tech can use to
perform other work and generate profit;
• The misc costs, such as overhead costs, supplies, cleaners, etc.;
• Towing costs, rental, etc.;
• Cost to morale;
• Reputation damage; and
• Reduction to your profit margin.
For every part issue, you need to
inform your supplier. Sit down with suppliers on a regular basis. Don’t return defective
parts until you have listed the parts, and maintain a report. Document
everything.
Part issues are increasing. Every shop
owner I speak to is frustrated over this.
Remember, comebacks kill your bottom
line. The more comebacks you have, the more they’re killing your profits.
This article was contributed by Joe Marconi.
Joe is one of the 1-on-1 business coaches who helps shop owners through
the Elite Coaching Program, and is the
co-founder of autoshopowner.com.

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