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How to Simplify Tax Season for Your Auto Repair Shop This Year

AutoShopOwner

Keep your business bank accounts and credit cards strictly for business transactions. parts purchases, payroll, rent, utilities, insurance, marketing, shop supplies). Track your invoices, parts receipts, bank statements, credit card statements, and payroll records no matter how small the cost! Every bit matters.

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Honda Civic, Accord, and CRV- Common Maintenance Problems and How to Avoid Them

Tomorrow's Technician

Let’s break it down-what to look for, why these issues happen, and how you can keep your customers Honda in the best shape possible without breaking the bank. Does car insurance cover these maintenance problems for Hondas? But do not worry; most of these are avoidable with your help recommending maintenance services.

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How to Choose the Best Used Family Cars Without Breaking the Bank

Auto Service World

Another money-saving bonus: insurance for used cars is often much cheaper because the car is worth less overall. The post How to Choose the Best Used Family Cars Without Breaking the Bank appeared first on Auto Service World. Many used cars have proven to be reliable and safe over time.

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From the Magazine: Headwinds awaiting your shop

Auto Service World

However, by the second quarter, disinflationary trends began to emerge as the Bank of Canada maintained tight monetary policy to combat the lingering effects of high inflation. Inflationary pressures were weaning and consumer confidence remained relatively steady, as reflected in the Consumer Price Index (CPI).

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Fifth Third Bank Fined $20 Million Over Bogus Fees, Car Repossessions

Jalopnik

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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Reducing Costs and Increasing Profits in the Auto Service Industry

AutoInc.

Securing Your Business with Specialty Insurance Every business needs the basics, like property and workers’ compensation coverage. But there are specialty insurance coverages tailored just for the auto service industry. Having the right insurance coverage prevents significant financial losses in the event of an incident.

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The fallout of slowing EV sales growth, price cuts

Auto Service World

Moreover, while EVs generally require less maintenance, the potential for expensive battery repairs has led to higher insurance premiums, further dissuading cost-conscious consumers. Extreme weather conditions and unreliable public charging stations only exacerbate these issues.