Money Still On The Table For Aftermarket Students -

Money Still On The Table For Aftermarket Students

The Global Automotive Aftermarket Symposium (GAAS) Scholarship committee reminds the industry that scholarship funds are still available to students pursuing a career in the aftermarket. Industry members with sons or daughters in need of financial assistance to support their aftermarket education efforts are encouraged to have their children apply now.

The Global Automotive Aftermarket Symposium (GAAS) Scholarship committee reminds the industry that scholarship funds are still available to students pursuing a career in the aftermarket. Industry members with sons or daughters in need of financial assistance to support their aftermarket education efforts are encouraged to have their children apply now.

In 2011, 154 Students received a total of 177 scholarships via the GAAS Scholarship program. The aggregate amount awarded was $176,500. Twenty-two students received multiple awards and one student received three awards.

"I encourage everyone in the aftermarket to have their sons and daughters who are attending or entering a full-time university, college or ASE/NATEF-certified vocational training program to apply for a scholarship from GAAS and its collaborating organizations," said Pete Kornafel, chairman of the GAAS Scholarship committee. "All full-time students who plan a career in the aftermarket qualify for GAAS scholarships. Technician Students also qualify for Michael Busch, Mitchell1, University of the Aftermarket Foundation and Women’s Board awards."

Professional students majoring in four-year business, marketing, accounting or engineering programs also qualify for Breslow Foundation, LDN, McCurdy, and MultiParts awards, Kornafel added. Residents of almost 40 states qualify for an award from one of the 10 regional automotive aftermarket associations. Second-year technician students in Minnesota qualify for the Alliance of Automotive Service Providers of Minnesota awards.  

Each application is reviewed by every organization where that applicant meets their qualifications. In 2011, 18 students received multiple awards from their one application.  

Details of each available award and online applications are at www.automotivescholarships.com for students attending schools in the U.S. Canadian students apply at http://www.aiacanada.com/scholarships.cfm.

The deadline for U.S. applications is March 31, and the deadline for Canadian applications is June 15.

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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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