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Longtime employees take ownership of Red Deer’s Elmac Auto Electric

Auto Service World

Eldon Bornn and Tiffany Favelle are the new owners of Elmac Auto Electric Ltd., Operating under the Bumper to Bumper banner, the store provides automotive parts, tools, accessories and DC electrical equipment testing and servicing. a Bumper to Bumper auto parts store in Red Deer, Alta.

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Rivian to Receive $6.6B Conditional Loan from US DOE

Tomorrow's Technician

American all-electric automaker Rivian Automotive has received a conditional commitment from the U.S. billion (including $6 billion of principal and approximately $600 million of capitalized interest) to accelerate its growth and leadership of electric vehicle design, development and manufacturing in the United States.

Finance 130
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The AI Transformation: How Conversation Intelligence is Reshaping Automotive Customer Engagement

AutoSuccess

The automotive industry is evolving rapidly, with consumer expectations shifting, competition intensifying and digital transformation changing how people shop for and service vehicles. These conversations contain a wealth of information — customer intent, service requests, sentiment, financing inquiries and competitor comparisons.

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Car buyer satisfaction reaches record highs

Auto Service World

The 2024 Car Buyer Journey (CBJ) Study by Cox Automotive said these high lelevls of satisfaction are being driven by advancements in digital tools that seamlessly integrate online and in-dealership activities. Shopping for a new car has become more satisfying, according to a new study.

Car 130
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Pros and Cons of Going Electric

RepairSmith

Why Consider Electric Cars? Pros Explained Electric cars have become a hot topic in the automotive world. By considering the pros and cons of electric cars, you can make an informed decision about whether they are right for you. How Do Electric Cars Benefit the Environment? What Are the Economic Advantages?

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Experian Report: Consumers Leasing EVs at a High Rate

AutoSuccess

With electric vehicles (EVs) continuing to become a viable option for prospective vehicle shoppers, one trend stands out: EV buyers opting to lease. Expanding beyond the EV market, the report showed more financing is comprised of late-model vehicles (model years up to three years old). But its not just affordability.

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Commentary: Scaling for the Future

Auto Service World

Identify the range of services your business will offer, such as general repairs, diagnostics, or specialty services like electric vehicle maintenance, and consider how these services might expand in the future. Invest in technology, such as automotive repair software, to streamline scheduling, invoicing, and diagnostics.