Bosch Expertise on Oxygen Sensors for Vehicle Manufacturers Benefits the Aftermarket
Bosch has been manufacturing and supplying automotive parts and systems to vehicle manufacturers since the very beginning of the automobile. As inventor, manufacturer and supplier of many ground-breaking automotive technologies – such as the oxygen sensor which was introduced in 1976 – to original equipment manufacturers (OEMs), Bosch enjoys a unique position in being able to bring OE-level quality, fit and function to its aftermarket products.
Things to Consider Before Opening Your Second Shop, Part 4
I heard a statistic years ago (can’t remember the source) that stuck in my head and my experience working with shops over the years has reinforced it. The average shop owner makes 3% net operating profit. Meaning that the shop that does $1 million in annual sales nets about $30,000 at the end of the year, before taxes.
Financial Insights from a Successful Shop Owner
As many of you know, it takes a lot more than excellent mechanical knowledge to run a successful automotive repair business. In fact, you could have the best mind in the world for vehicle service and diagnostics, but, at the end of the day, you need at least a nodding acquaintance with what it takes to turn a profit.
Executive Interview: Jeff Stauffer, Senior Vice President, Global Marketing, Affinia Brake & Chassis Group
Jeff Stauffer has more than 30 years of experience working with many of the aftermarket industry’s premier brands like Monroe, MOOG, and now leads the marketing and brand strategy, planning and programs support for Raybestos brakes and chassis.
AVI Announces Vegas Training Conference
AVI has coordinated with AAIA this year to bring you two exciting events at one time. AVI will be bringing their world-class technical training to Vegas alongside AAPEX at the Sands Expo Center, October 31 – November 1, 2011.
National Car Care Month: A Great Business-Building Opportunity
April is National Car Care Month and there is no better time to improve your customer relationships while at the same time growing your business. Each year, $50 billion in vehicle maintenance and repairs go unperformed. That’s a lot of service, repair and parts sales sitting on the sidelines because so many consumers don’t know what needs to be done to their vehicle and why it’s important.
CCAR’s ‘GreenLink Shop’ Roster Grows by Eight
CCAR has named eight auto repair facilities in Florida, Nevada, New Jersey, New York, South Carolina and Washington State as receiving its “GreenLink Shop” recognition in February.
Business Maintenance for Peak Performance: Internal Analysis Will Rev Up Your Business, Part 2
In Part 1 of this article, we discussed how shop owners should follow a routine of daily monitoring and maintenance to ensure that performance is meeting business targets. Now, we turn to monthly, quarterly and annual checks to keep your business running smoothly and profitably all year long.
The Training and Education Value Proposition
Whether you are a business owner or an individual, continuous education and training improves your return on investment. The key is to have a plan that can be implemented and measured.
Don’t Assume That Person is Qualified to Handle Your Social Media
There seems to be a common misconception in the business world that because “new media” involves technology, college-age people are automatically qualified to manage it. Don’t make this mistake! At the very least it could cost you wasted time and resources. Potentially, it could wreck your company’s hard-earned reputation.