Auto Service World

NOVEMBER 16, 2024

Transparent financing practices can make a world of difference in easing their concerns, building loyalty, and establishing a reputation for fairness. This article dives into why transparency matters in auto repair financing. Unclear or misleading financing terms. For many, navigating repair costs is a stressful experience.

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Tomorrow's Technician

MAY 22, 2024

CRP Industries has named Luis Vargas as the company’s vice president of finance. Additionally, Vargas will oversee the leadership and development of the finance department, providing mentorship and coaching to team members. LLP, and as a senior finance manager for Reckitt Benckiser Group PLC. “We

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Tomorrow's Technician

DECEMBER 3, 2024

Over the history of the loan program, DOE has provided billions in financing for American EV manufacturing, including loans to General Motors and Tesla. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) loan program for a loan of up to $6.6 Phase 1 of the project is expected to start production in 2028.

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AutoSuccess

APRIL 28, 2025

Lendbuzz announced the launch of Express Contract, an AI Auto Loan Approval offering for dealers financing borrowers with thin to no credit history. The post AI Auto Loan Approval for Fast Vehicle Financing appeared first on AutoSuccessOnline. It saves up to 30% of the time compared to traditional lending.

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Auto Service World

MARCH 29, 2025

In order to compare car finance offers like a seasoned negotiator, you need to understand the finer details: APR, term lengths, total repayable cost and so on. Some finance tools will display this clearlyif not, calculate it manually by multiplying the payment by the number of months and adding any upfront charges.

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Solera

MARCH 18, 2024

As independent dealers hustling in a competitive market, you’ve probably faced the daunting challenge of getting solid financing. But fear not; we’re breaking down the why and offering game-changing strategies to help you level up your financing game. We get it – the struggle is real. They see volatility; you see innovation.

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Auto Service World

JANUARY 6, 2025

All Alliance executive leadership teams, including those in information technology, sales and marketing, category management and finance, will continue to report to Washbish. Washbish becomes the third CEO in the history of the Alliance, following his father, John R.

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AutoShopOwner

NOVEMBER 6, 2024

If this sounds like you, we have a solution to keep your finances on track! A well-organized Chart of Accounts (COA) is essential for navigating the complexities of your business's finances. A COA helps you make data-driven decisions for your finances because you have information on spending trends and profitability at your fingertips.

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CATI

DECEMBER 26, 2024

You must manage finances, market your services, and ensure smooth day-to-day operations. The idea of starting your auto body shop is exciting. It offers the chance to combine your passion for vehicles with the independence of running your own business. Quality auto body training equips you with all the necessary technical skills for success.

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Auto Service World

MARCH 14, 2025

On the finance side, AI is being used to process invoicing, payments and credits more efficiently. So getting into AI is very daunting,” he said during the session, AI: Already a Reality in the Aftermarket To demystify AI, Funke stressed the importance of simplifying its concept. But AI really has been around for a long time.

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AutoShopOwner

MARCH 6, 2024

However, it’s not just our homes that can benefit – our finances can benefit from intentional tidying up and decluttering as well. In this blog post, we’re sharing 5 essential steps to spring clean your finances each and every year. In this blog post, we’re sharing 5 essential steps to spring clean your finances each and every year.

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Tire Review Magazine

JUNE 22, 2025

RNR Tire Express has announced a key leadership update with the promotion of Susan Vice to Vice President of Finance. Before that, she led finance teams at top restaurant brands like Wendy’s, Outback Steakhouse, and Chili’s. Before that, she led finance teams at top restaurant brands like Wendy’s, Outback Steakhouse, and Chili’s. “I

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Finance Retail Software IT 52

AutoFix

APRIL 10, 2025

Understanding how to adjust your business finances in 2025 as auto repair costs rise isnt just about survival. From higher parts prices to increased technician wages, the pressure on profit margins is realand its not going away anytime soon. So how do you stay ahead? Its about learning to adapt, improve, and thrive in a changing landscape.

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Auto Service World

JUNE 12, 2025

Additionally, 68 per cent of Gen Zers and 71 per cent of millennials want AI agents to suggest the best financing options, compared to 53 per cent of baby boomers. For automotive CIOs and leaders, understanding and acting on these generational changes is crucial for developing successful customer engagement and product development strategies.

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Solera

MAY 4, 2025

Online Financing Tools: Simplify one of the most stressful parts of car buying. These days, says Jenna Smith, Soleras VP of Professional Services, “the digital customer experience is the new showroom. Dealers who seamlessly blend online convenience with personalized service are the ones who will drive success in the future.

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AutoSuccess

MARCH 14, 2025

Here are the central themes and proposed actions outlined in the report: AI in Financial Services: AIs increasing adoption in areas like underwriting, fraud detection and customer service is modernizing auto finance operations. This approach not only ensures compliance but also fosters a culture of transparency and accountability.

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AutoShopOwner

MAY 22, 2024

Read on to see if your current business finances align with the long-term vision you have and what to do to help you plan for success. At the end of the day, sustainable business is key to long-term sustainable finances. As their business evolves over time, their vision may shift to reflect bigger goals.

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Tomorrow's Technician

NOVEMBER 26, 2024

billion from the Department of Energy Loan Programs Office, pending finalization of financing. EVgo announced it is expanding its partnership with Meijer, a Midwest grocery retailer, to enhance public fast-charging infrastructure at Meijer locations across Michigan, Illinois, Wisconsin, Indiana, Ohio and Kentucky.

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AutoShopOwner

APRIL 2, 2025

Separate Business and Personal Finances: This is crucial. Tax Tip #2: Dont Be Afraid to Leverage Technology Technology is your best friend when it comes to efficiently managing the finances in your auto repair business. Its no secret that time is limited as an auto repair shop owner. labor, parts sales, diagnostics) and expenses (e.g.,

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autoevolution

MARCH 12, 2025

Specifically, the bank that financed Fisker Ocean purchases partnered with Rivian to buy back Fisker vehicles at a fair price. Now, they get an offer they can't refuse from JPMorgan Chase as part of a settlement process. Fisker sent shockwaves throughout the automotive markets when it filed for ( continue reading. )

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Tomorrow's Technician

NOVEMBER 26, 2024

billion from the Department of Energy Loan Programs Office, pending finalization of financing. EVgo announced it is expanding its partnership with Meijer, a Midwest grocery retailer, to enhance public fast-charging infrastructure at Meijer locations across Michigan, Illinois, Wisconsin, Indiana, Ohio and Kentucky.

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autoevolution

JUNE 4, 2025

In a recent interview with Yahoo Finance, Rivian's software chief Wassym Bensaid said, "R2 is the platform that will underpin all future EV products at Volkswagen." " This line was taken out of context by various news outlets, which implied the German carmaker would adopt Rivian's vehicle platform.

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Automotive Training Centre

JANUARY 23, 2024

Finance Managers: Mastering the Financial Side of Auto Sales Finance managers handle the financial aspect of the sales process; they help clients obtain auto loans, explain complex financing choices, and carefully monitor paperwork to guarantee accuracy.

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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. Knowledge is power; the more information a customer has, the better equipped they are to choose the best financing route.

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AutoShopOwner

JUNE 4, 2025

But halfway through the year is the perfect moment to hit pause and look under the hood of your auto repair business finances. Running an auto repair shop means staying busy with customer vehicles, managing your techs, ordering parts, and trying to find time to breathe. These added expenses can quietly chip away at your margins.

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Auto Service World

DECEMBER 11, 2024

As the need for larger inventories grew, jobbers increasingly relied on credit facilities to finance stock expansion. Unfortunately, many jobbers ours included were not equipped to adapt to this level of change, lacking the necessary technology, talent and succession planning to respond effectively. In fact, in both Canada and the U.S.,

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Auto Service World

JUNE 26, 2025

Key online activities include researching vehicles, inquiring about a vehicle of interest, arranging delivery or home test drives, getting trade-in valuations, and pre-qualifying for financing. When it comes to completing the purchase, Canadians are increasingly open to digital options.

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Auto Service World

MAY 13, 2025

Competing against dealerships As interest rates begin to fall, dealerships are regaining their ability to offer attractive leasing and financing options. Inventory levels are rebounding and dealer incentives, such as discounts and financing promotions, are returning.

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Auto Service World

JUNE 6, 2025

” With new vehicle supply severely constrained, inflation driving up prices and interest rates making vehicle financing less accessible, consumers held on to their cars longer. As the world began reopening, the sector experienced what many described as a “golden age.”

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Auto Service World

MAY 5, 2025

As president and CEO, Mohrdieck will oversee each of the companys five business segments (industrial OE, automotive OE, industrial aftermarket, automotive aftermarket and automation), along with finance, HR, business innovation, customer service, operations, marketing and engineering functions.

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Tire Review Magazine

JUNE 22, 2025

RNR Tire Express has announced a key leadership update with the promotion of Susan Vice to Vice President of Finance. Before that, she led finance teams at top restaurant brands like Wendy’s, Outback Steakhouse, and Chili’s. Before that, she led finance teams at top restaurant brands like Wendy’s, Outback Steakhouse, and Chili’s. “I

Finance 52

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Jalopnik

JANUARY 8, 2025

A federal judge in Georgia is ordering a bankrupt auto financing company to pay out $42.6 million in damages, restitution and penalties for violating the Consumer Financial Protection Act. It apparently carried out wrongful repossessions , over billing and other awful practices and scams. Sometimes car dealers cannot Read more.

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Auto Service World

MARCH 4, 2025

Digital tools Cox Automotives research suggested that improved digital tools and advances in AI have revolutionized the car-buying experience, offering a more transparent view of pricing, financing details and inventory availability. Spending more time shopping and exploring products and deals can actually be enjoyable for consumers.

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AutoSuccess

DECEMBER 23, 2024

Bob and Brian discuss APC s post-sale service contract program, which aims to offer service contracts to customers who either declined them during the finance process or are using the dealership’s service department without one.

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AutoShopOwner

NOVEMBER 19, 2024

Aside from keeping your finances neat and tidy, we also offer business consulting to help you boost revenue. At Three Rivers Bookkeeping, our auto repair shop clients have experienced significant financial improvements this year – and we’re raising a toast to them in this post! Here’s a look at what we’re thankful for in 2024.

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Jalopnik

JULY 4, 2025

of new-vehicle financing loans were 84 months or longer. of new vehicle financing deals. Now, the average amount financed for a new vehicle is about $42,400 — an all time high — and up from about $40,900 just a year ago. Thats because the average amount financed rose by nearly $1,000 to $29,080 for used vehicles.

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Automotive Training Centre

DECEMBER 12, 2023

Interest rates have reached their highest levels in years, increasing costs for consumers seeking financing for vehicle purchases. However, with these changes come challenges, particularly economic ones. Exceptional Customer Service In automotive sales, exceptional customer service isn’t just a luxury; it’s a necessity.

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