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Fuel retailers view electric vehicle charging as a critical part of their future business, according to a new survey. The survey found that operators are feeling pressure to adjust to a rapidly changing mobility ecosystem, driven by both consumer demand for sustainable solutions and government regulations promoting electric vehicles.
There was growth across all areas of retail automotive sales, but caution is being mixed in as uncertainty looms. Used vehicle dealers saw the biggest growth at 11.4 per cent, with new vehicle dealers coming in second at 7.1 The consultancy also noted that gas prices saw a big jump in March 2024. per cent growth.
Canada’s automotive aftermarket is seeing a slight decline in 2024 with one group warning of long-term challenges ahead, especially as fewer new vehicles require gasoline as their sole source of power. This sustained spending suggests that Canadians continue to prioritize the upkeep of their vehicles despite economic headwinds.
For Canadian automotive jobbers, warehouse distributors, and parts retailers, the path to sustained success lies in the judicious selection and implementation of trends that demonstrably offer tangible operational and financial benefits, all while steadfastly maintaining core business integrity and established customer relationships.
All too often, a shop will write up a repair order filled with technical jargon that only someone with expert knowledge of vehicle repair will understand. Imagine that car belongs to your grandmother, said Alan Beech, an aftermarket coach and consultant with Beech Consulting. They have no idea what a MAF is.
New data from DesRosiers Automotive Consultants shows that employment in Canada’s automotive sector edged down 0.2 per cent, reflecting a modest pullback in retail staffing, according to DesRosiers. Meanwhile, the motor vehicle parts and accessories manufacturing sector — already under pressure — saw a more significant drop of 2.5
June’s automotive retail sales data revealed notable declines across various segments, including those in the aftermarket, raising concerns within the industry. DesRosiers Automotive Consultants (DAC) reported a “worrying” drop in automotive retail sales for June, with declines observed across multiple segments. per cent rise.
Why time matters in inspections Vehicle inspections are the foundation of every repair order. Technicians should spend 35 to 45 minutes carefully inspecting each vehicle. When a technician has the time to inspect all components, catch wear and tear and identify problems early, it ensures the vehicle is in optimal condition.
DesRosiers Automotive Consultants (DAC), in collaboration with the Automotive Aftermarket Retailers of Ontario (AARO), conducted a survey to understand the sector’s performance and expectations for 2025. 2024 was no exception with most aftermarket retailers seeing robust sales increases.
Graphic: Cox Automotive Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in May compared to April , according to the Manheim Used Vehicle Value Index (MUVVI). Looking at the market by powertrain, electric vehicle (EV) values increased by 3.1% The index declined to 205.2,
As the world gradually emerges from the shadows of COVID-19, a significant shift in the car retail landscape is becoming increasingly apparent, particularly in the electric vehicle sector. Dealerships that embrace this change are poised to thrive in the new era of automotive retailing.
Through this collaboration, Ciocca now offers several of Assurant’s vehicle protection products. These products help protect customers new and used vehicle purchases. Assurant Vehicle Protection Includes Operational Support The partnership includes the full Assurant Vehicle Care line of protection products.
As the cost of doing business climbs and global supply chains tighten, parts retailers are being forced to rethink how they manage inventory, pricing and customer expectations. The widening spectrum of vehicle age is adding to the challenge, however. When it comes to inventory, they’re not worried … yet.
automotive retail software market. CDK Professional Services will deliver tailored consulting to support CRM, accounting, and fixed ops across all Jim Ellis locations. “ WE Auto Group sells new and pre-owned vehicles from Chrysler, Dodge, Ford, Jeep, Ram, Subaru and Toyota.
The automotive dealership model is constantly facing change, especially in the types of vehiclesretailers can service. In particular, as the commercial vehicle market shifts toward opportunities for electrification within their vehicle fleets, local dealerships are being called upon to do more than sell vehicles.
The Reynolds and Reynolds Company announced keynote speakers and workshop details for Reynolds Retail Summit: Amplify 2025. AI for Dealerships and Strategic Leadership Insights The keynote panel kicks off day two of the summit with top leaders from automotive and consulting sectors. Maurer is a senior partner at McKinsey & Company.
These include the LODC holistic consultancy approach to reduce operating costs, the special-purpose tires for vans, and the current range of tires for commercial vehicles. We have come up with a different kind of platform here to discuss questions raised by haulage companies, tire retailers and vehicle manufacturers.
Sales consultants and service advisors play a critical role in educating shoppers about EVs and providing satisfying sales and ownership experiences, but research shows their effectiveness can vary significantly. We want to help ensure dealer personnel have the support they need, when they need it, to sell and service more electric vehicles.
The automotive dealership model is constantly facing change, especially in the types of vehiclesretailers can service. In particular, as the commercial vehicle market shifts toward opportunities for electrification within their vehicle fleets, local dealerships are being called upon to do more than sell vehicles.
Freedman has 17 years of experience in retail automotive. It also includes management positions at a large digital marketing consulting firm and at ACV MAX (formerly MAX Digital), where he serviced three of the largest dealership groups in the country.
Factors Affecting Cost The following factors can affect the total bill: Vehicle make and model: Factors like the location of the damaged part and how many components need to be removed to access it can increase labor time and expenses. Unplug any electrical connectors, especially on modern vehicles with electronic steering systems.
But even the toughest vehicle isnt immune to scratches and chips. Online retailers like PaintScratch and automotive dealers also carry OEM and aftermarket options. You may also consult a professional who is well-acquainted with your vehicle’s paint job. Your Toyota Rav4 is your pride and joy.
Kichler takes on this role at an important time in the industry—as technology and AI are beginning to enable significant advancements for clients in digital wholesale and vehicle transportation. There’s so much untapped potential for driving more client efficiencies at the intersection of digital wholesale and vehicle transportation.
Throughout the year, we’ve had the privilege of showcasing outstanding individuals in our Women at the Wheel, Champions of Charity and Veterans & Vehicles programs. Amidst all these shifts, one constant remains — the abundance of amazing individuals in the automotive world. Edvie Castro , DOWC Alyssa Cervantes , Konect.ai
Virtual reality (VR) and augmented reality (AR) : VR and AR technologies allow customers to explore vehicles virtually, customize features, and even take simulated test drives. Digital retailing platforms: Online platforms allow customers to complete much of the car-buying process online, including financing and trade-in evaluations.
Consult with a business attorney to understand what applicable laws and regulations your tire shop must abide by before moving ahead too swiftly. If you choose to purchase a fleet of service loaner vehicles for your customers, look into commercial auto insurance.
The rise of digital retailing and the increase of digital natives in the marketplace, not to mention artificial intelligence (AI), are all impacting how consumers shop and communicate. But as car shoppers complete more of the vehicle purchase process online, we can expect to see a rise in co-managed solutions.
For example, if you have a 2024 Toyota Camry VDP, the Vehicle schema markup might include: NAME (“2024 Toyota Camry SE”) BRAND (“Toyota”) MODEL (“Camry”) Vehicle Model Date (“2024”) There are many more parameters than those four, but thats how it works.
As we continue to navigate the shifting landscape in auto retail, one thing has become crystal clear: the days of cost-cutting have ended. The truth is that there are very real market forces at play, which absolutely impact consumer interest, vehicle affordability, challenges desking deals and challenges running a profitable dealership.
Together, this partnership will ensure a complete compliance solution for dealerships working through the recent interruption of digital documentation operations during vehicle transactions cyberattacks.
Your customer’s vehicle will benefit from having tires fitted that are specifically intended for their driving habits and regional weather conditions. Another reason they’re so effective is that they’re made of a custom rubber compound that stays soft and flexible at low temperatures for better vehicle control compared to summer tires.
Particularly in today’s times of economic uncertainty, it becomes paramount for auto retailers to explore revenue channels that can bolster their financial bottom line. By effectively integrating F&I products into their sales strategy, dealerships can significantly enhance profitability and offset any potential downturns in vehicle sales.
While the F&I office is responsible for managing the financing and insurance aspect of a vehicle purchase, each department touches F&I, including sales and fixed ops, and it’s important that all employees understand their F&I roles and responsibilities.
Entering 2024, supply has met demand, and price wars are back, all while floorplan cost is sky high and consumers are slower to buy with monthly payments 16% higher for the same vehicle. Adding insult to injury, most of the third parties are using Google Vehicle Ads to attract traffic to their sites.
Bova detailed the Mr. Tire exclusive retailer rebates, providing differentiated promotions to help dealers close more sales. Auto service profitability Vin Waterhouse, president of The Waterhouse Group, an automotive accounting, training and consulting company, spoke about different ways to improve auto service profitability.
Adding a chat or digital retailing solution to your site? Vehicle demand is headed toward all-time highs in 2024, but customers are shopping more carefully now. Investing in your people through training, a consistent process and a well-considered compensation plan are each part of a long-term plan. Does your team know how to use it?
You know how your dealership fits into the larger automobile retail industry. It’s the dealer voice that has repeatedly pushed back against proposed legislation that would prohibit the sale of vehicles with open recalls. You know your business’s impact on your employees, on the economy and on your community. They need to hear from you.
“Gabrielle is a trailblazer in automotive retail becoming a general manager at 25 years old and an inspiration to the next generation of minority dealers,” said Niebles. Charles native and Loyola University-Chicago graduate began her career in the automotive industry as a sales consultant at Howard Orloff Imports in Chicago.
This is significant for jobbers, as reduced consumer and business spending directly affects demand within the retail service environment. per cent year-over-year decline in Q4, citing reduced consumer spending in the retail sector. A look at publicly traded aftermarket corporations offers insight into industry trends.
These include the LODC holistic consultancy approach to reduce operating costs, the special-purpose tires for vans, and the current range of tires for commercial vehicles. We have come up with a different kind of platform here to discuss questions raised by haulage companies, tire retailers and vehicle manufacturers.
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