Small biz likes credit unions over big banks: Survey
Auto Service World
FEBRUARY 22, 2024
Canadian small businesses continue to be more satisfied with credit unions than with the Big Five banks in terms of overall service quality.
Banking Related Topics 
Organizing The Financial Records for a Smooth Tax Filing
AutoShopOwner
JANUARY 29, 2025
Bank Statements Bank statements provide a record of all transactions that pass through your business bank accounts, including deposits, withdrawals, and electronic transfers. Remember to reconcile your bank statements regularly to ensure accuracy. sales invoices, purchase invoices, bank statements).
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Jim Farely X Patrice Banks
Girls Auto Clinic
JUNE 29, 2022
Patrice Banks, CEO and founder of Girls Auto Clinic, sat down with Jim to talk about what DRIVES her to build a business around women in the automotive industry. In May, Spotify launched DRIVE with Jim Farley, an exciting and inspiring podcast with Jim Farley, CEO of Ford.
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Canada takes big step forward on right to repair
Auto Service World
NOVEMBER 1, 2024
In mid-October, members of Canada’s auto care industry urged for the passage of both bills during testimony to the Standing Senate Committee on Banking, Commerce and the Economy, citing the importance for Canada’s automotive aftermarket.
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Should you start a new shop or buy an existing one?
Auto Service World
DECEMBER 19, 2024
A lot of banks aren’t going to give [that loan], Demarest said. The only shop that may be on the market may be one thats too successful. For example, say the shop is netting $1 million a year. With a top-end multiplier, that shop would be valued at $3 million. Do you have that cash?
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WARNING! Check you bank accounts daily!
AutoShopOwner
MAY 21, 2023
The other day, I checked my online personal bank accounts from my phone app. After a phone call to the bank, they informed my that this charge was a mistake. The bank put a stop payment, and the next day I got my money back. The bank put a stop payment, and the next day I got my money back.
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Sun Auto Tire & Service Raises Over $17,000 for Feeding America Food Banks
Tire Review Magazine
JANUARY 25, 2025
Sun Auto Tire & Service announced that its network raised over $17,000 for 35 Feeding America food banks. The network will distribute the funds to food banks in communities served by Sun Auto nationwide. By raising funds for local food banks, were helping to ensure families have access to the meals and resources they need.”
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PODCAST: Automotive Intelligence Award honoree Jonathan Banks
Auto Remarketing
MARCH 10, 2025
Next up on our series of podcasts with these first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program is a conversation with Jonathan Banks, vice president of product development & valuation services at J.D. The full conversation can be found below.
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Consumer Confidence is Down! Time to Bump Up the Customer Experience!
AutoShopOwner
APRIL 16, 2025
While there is a lot of uncertainty these days, there is one thing you can take to the bank: With the right positive mindset, staying strong and driving forward, you will be better off in the good times. This also means showing appreciation for your employees - Happy employees create happy customers.
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2025 Ford E-Transit Order Banks Open with New Packages and Incentives
Automotive Fleet
NOVEMBER 1, 2024
Order banks are now open for the new model year E-Transit, which brings new upfit packages, a fresh commercial charging incentive, and an adjusted MSRP.
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Bookkeeping Steps to Ensure a Smooth Financial Year-End
AutoShopOwner
DECEMBER 3, 2024
Reconcile bank and credit card statements. Reconciling your automotive business’s credit card and bank statements at year-end is crucial for accurate financial reporting and tax preparation. It’s time to ensure that your books and reports are squared away as this year comes to an end.
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How to Simplify Tax Season for Your Auto Repair Shop This Year
AutoShopOwner
APRIL 2, 2025
Keep your business bank accounts and credit cards strictly for business transactions. Track your invoices, parts receipts, bank statements, credit card statements, and payroll records no matter how small the cost! Implement a consistent system for tracking all your income and expenses throughout the year. Every bit matters.
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Why wages will keep going up
Auto Service World
JANUARY 19, 2024
Thomas Feltmate, senior economist at TD Bank told attendees of the Canadian Black Book Talk Auto 2023 … The post Why wages will keep going up appeared first on Auto Service World. The unemployment rate is currently too low in Canada and affecting many areas of the employment sector, an economist told automotive professionals recently.
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The SheCANic Garage Comes to Life at Auto Tech 2025
Girls Auto Clinic
JUNE 30, 2025
From the Garage to the Stage As part of the PowHER Collective panel series, Patrice Banks, CEO of Girls Auto Clinic, joined other women of color pushing innovation and inclusion across the industry. Everything was functional and educational.
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From the Magazine: Tuning into your business
Auto Service World
JULY 8, 2025
Despite signs of broader economic deceleration, largely tied to ongoing global trade tensions, the Bank of Canada held its policy interest rate at 2.75% during its mid-April meeting. In March, Canada’s Consumer Price Index (CPI) rose modestly—0.3 per cent month-over-month and 2.3
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Used Car Buyer’s Guide: Eco-Friendly Family Cars That Won’t Break the Bank
Auto Service World
NOVEMBER 16, 2024
Conclusion Finding an eco-friendly family car that won’t break the bank is possible with the right research and considerations. The post Used Car Buyer’s Guide: Eco-Friendly Family Cars That Won’t Break the Bank appeared first on Auto Service World.
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When we might start seeing rate cuts
Auto Service World
OCTOBER 6, 2023
The Bank of Canada held interest rates steady in September but Canadians shouldn’t expect any cuts until we’re into 2024, a recent report suggested.
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How to Promote Your Auto Repair Shop’s Community Involvement Without Bragging
Shop Marketing Pros
APRIL 24, 2025
Whether its sponsoring a local sports team, supporting a food bank, or funding a scholarship, community involvement for auto repair shops is a powerful way to make an impact and build relationships. Instead of saying: “We donated $1,000 to the local food bank today. Lets be real. Giving back to your community feels good.
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Will work from home rules change customer behaviour?
Auto Service World
JULY 2, 2025
Leading Canadian banks have told staff to prepare to be in the office at least four days a week — some are requiring five days. “That work-from-home percentage has been at 50 per cent now for two-plus years,” Shipley explained during the general session, Aftermarket Outlook 2025.
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Canadians hanging on to their savings
Auto Service World
FEBRUARY 2, 2024
Thomas Feltmate, senior economist at TD Bank, noted that Canadians … The post Canadians hanging on to their savings appeared first on Auto Service World. Households in Canada have accumulated an unprecedented amount of savings during the pandemic. But unlike the U.S.,
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DJI Breaks Into Portable Energy With the Power 1000 and Power 500 Battery Banks
autoevolution
JUNE 22, 2024
However, DJI recently unveiled a new solution: power banks. That's right, folks, DJI, the one and the same responsible for some of the neatest drones on the market, among others, is now in the business of selling portable power banks, and frankly, it's about time; it was about ( continue reading. )
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Ferrari Opens F167 Order Banks, 812 Superfast-Replacing Super GT Debuts May 2
autoevolution
APRIL 29, 2024
As expected from the Prancing Horse of Maranello, the order banks for the F167 opened prior to the super grand tourer's debut on May 2 in Miami. A plethora of peeps on the Ferrari Chat forum have confirmed that Ferrari dealers are taking deposits for the 812 Superfast-replacing model, which is currently showing in the system as a coupe.
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Segway Is Looking To Take Over the Portable Power Industry With These Battery Banks
autoevolution
SEPTEMBER 7, 2024
That's right, folks, the only and only Segway is now in the business of making portable power banks. Yes, it's all true, so ready those checkbooks, and let's see how this timeless manufacturer is looking to take over yet another industry. continue reading. )
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Deceived Fisker Ocean Owners Get an Offer They Can't Refuse From JPMorgan Chase
autoevolution
MARCH 12, 2025
Specifically, the bank that financed Fisker Ocean purchases partnered with Rivian to buy back Fisker vehicles at a fair price. Fisker Ocean owners were left holding the bag when Fisker filed for bankruptcy, leaving them without support and out of options.
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How to Choose the Best Used Family Cars Without Breaking the Bank
Auto Service World
MARCH 8, 2025
The post How to Choose the Best Used Family Cars Without Breaking the Bank appeared first on Auto Service World. Whether you end up with a budget-friendly Ford Focus, a spacious Vauxhall Astra, or even a luxurious Mercedes-Benz E-Class, the key is finding a car that meets your specific needs and fits your lifestyle.
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Fisker Experiences the Equivalent of a Bank Run As Everyone Wants To Jump Ship
autoevolution
MARCH 28, 2024
However, the startup is experiencing the equivalent of a bank run, as everyone wants to distance itself from the ailing startup. In a desperate move to clear the inventory, Fisker cut the Ocean prices by up to 40%. The latest to do so was Tesla, which announced suspending all Fisker Ocean trade-ins effective immediately.
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This BMW M6 GC Is a Family-Friendly Fighter Jet That Doesn't Break the Bank
autoevolution
JUNE 18, 2025
What is better than an F10 BMW M5? An F06 M6, if you are into the four-door coupe sedan look, as this model has aged like fine wine, just like its more traditional sibling, and if you agree, you may want to check out the copy pictured below. Listed for grabs by its current owner, who is said to have been holding on to it. continue reading. )
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Aftermarket urges swift adoption of right to repair law
Auto Service World
OCTOBER 15, 2024
Champagne, president and CEO of the Automotive Industries Association of Canada (AIA Canada), Chris Kinghorn, vice president of strategy and growth at UAP and Daryll O’Keefe, president of Fix Network Canada testified before the Standing Senate Committee on Banking, Commerce and the Economy, advocating for the passage of Bills C-244 and C-294.
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Alt-fuel vehicles don’t necessarily have to break the bank
Auto Remarketing
MAY 1, 2024
The post Alt-fuel vehicles don’t necessarily have to break the bank appeared first on Auto Remarketing. “Keeping this in mind, we are happy to offer savings on vehicles from four different manufacturers to help Costco members step in to the hybrid or electric vehicle that best fits their lifestyle.”
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Scammers Are Using Fake Parking Tickets To Steal Banking Info
Jalopnik
AUGUST 12, 2024
Parking tickets are the latest vector for scammers to empty out bank accounts from New York to Southern California. Calgary became the latest North American city to address the growing trend of fake tickets on Tuesday. The Canadian city’s parking authority advised drivers to destroy fake tickets that are cropping on… Read more.
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How More Auto Lenders Are “Pledging” Electronic Loan Assets
AutoSuccess
MARCH 12, 2025
This process, while not new, has taken on renewed importance in the digital age, as banks and credit unions navigate the complexities of electronic asset management and seek to leverage their loan portfolios more effectively. These loans can represent a significant portion of a bank’s asset portfolio. Across the U.S.,
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Ford Pro Updates 2025 F-Series Super Duty, Order Banks Now Open
Automotive Fleet
SEPTEMBER 24, 2024
The new model year Super Duty received an update in design, driver assistance, telematics, towing, and more.
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Fifth Third Bank Fined $20 Million Over Bogus Fees, Car Repossessions
Jalopnik
JULY 10, 2024
But according to the Consumer Financial Protection Bureau , Fifth Third Bank illegally repossessed the cars of over 1,000 families after forcing their customers to buy… Read more. No, the bankers weren’t donning ski masks, using screwdrivers to break windows, or hotwiring cars to skive off with them in the middle of the night.
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Energetically Emancipated Camper Van Is Armed With Systems, Will Leave Your Pockets Dry
autoevolution
MAY 2, 2025
For the next few minutes or so, I invite you to pretend that your bank account has an endless amount of cash and that you can afford any RV on the market. I ask you to do this because the Davey Jackson Pro-X before us today is currently advertised as selling for at least $ 329 K. continue reading. )
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Flooded McLarens, Porsches And Ford GTs Are Filling Florida’s Auction Lots
Jalopnik
DECEMBER 2, 2024
Hurricanes Helene and Milton devastated the country earlier this year, wrecking houses , bursting river banks and flooding cars. Lots and lots of cars. Now, some of those flood-damaged vehicles are turning up at auctions, including real bedroom poster cars from the likes of McLaren , Porsche and Lamborghini. Read more.
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Super-Luxurious Mercedes-Maybach S 600 Pullman Demands Access to Your Bank Account
autoevolution
DECEMBER 3, 2023
Three brands come to mind immediately when speaking about high-end luxury sedans: Rolls-Royce, Bentley, and Mercedes-Maybach. Nonetheless, some would argue that the latter cannot compete with the former two, as its proposals are normal Benz S-Classes with extra appointments.
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Protecting Your Auto Repair Shop from Phishing and Other Attacks
Repair Shop Websites
DECEMBER 2, 2024
They use that information to access your email, bank and other accounts, or they sell […] The Federal Trade Commission (FTC) says that phishing is when scammers use email or text messages to try to steal your passwords, account numbers, or Social Security numbers.
Top Wall Street Auto Analyst Thinks The U.S. EV Market Is In For A World Of Hurt
Jalopnik
JUNE 12, 2025
Bank of America analyst John Murphy rolled out his annual "Car Wars" report on the state of the auto industry, and his outlook for EVs is pretty depressing.
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Supercars Should Be Scary As Hell To Drive
Jalopnik
FEBRUARY 6, 2025
Ever since Bugatti dropped the Veyron , a four-thousand pound bank vault mounted on a rocket sled, the nuclear arms race of hypercars has continued apace. Every new hypercar released has to be better, faster, and paradoxically quieter and more comfortable than the one that came before it. The wealthy, it seems, want Read more.
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PAID: Timing chain kit market offers growing business opportunity for jobbers
Auto Service World
JUNE 30, 2025
Reeves says Dayco will continue to build out their bank of training videos to help ensure the installation process goes smoothly for technicians tackling these jobs. website now houses 10 videos, with more coming, that provide step-by-step installation instructions and troubleshooting tips for some of the most popular vehicle engines.
How To Increase Affordability For Customers After Automotive Sales And Leasing Courses
Automotive Training Centre
OCTOBER 31, 2023
These loans can be arranged in two ways: Loans arranged through a dealer: Most dealers collaborate with a manufacturer’s financing division, banks, credit unions, or independent finance companies. This method is convenient as customers can get loans without leaving the dealership.
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This '64 Plymouth Barracuda Has a Timeless Specification, Doesn't Break the Bank
autoevolution
APRIL 1, 2024
What's your favorite defunct car manufacturer? Did you say Plymouth? You probably did. After all, this story is dedicated to one special Barracuda that deserves more than your attention. The brand first launched this vehicle for the ( continue reading. )
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From Passion to Power Tools: Meet Our Most Recent Tech Hires!
Girls Auto Clinic
JUNE 3, 2025
A visit to Delaware County Community College introduced her to scholarships, women mentors, and eventually, Patrice Banks herself. That spark that led her to pivot from business classes to automotive tech. Patrice spoke at my college recently and I gathered the courage to ask her a question after her keynote address. That conversation?
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New sales market sees first real setback
Auto Service World
OCTOBER 10, 2024
As the market moves forward, DesRosiers will closely monitor several key economic indicators, including employment data, Consumer Price Index (CPI) data and a Bank of Canada interest rate announcement.
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