Tag: aftermarket
How to establish S.M.A.R.T. goals and go from an average dealer...
On the latest episode of Service Drive, host Don Reed discusses the enemy called average. This comes from one of Reed’s favorite books by John Mason, titled An Enemy Called Average. The purpose of the book is to get you from where you are currently to where you dream to be. John Mason says, “break the […]
How dealers can compete with the aftermarket
In 2019, according to Statista, the average US auto dealership recorded automotive service and parts sales of around 7.3 million US dollars. As an industry, new vehicle dealerships in the US raked in more than 120 billion US dollars in service and parts sales that year. That’s quite a bit of money, but there’s much […]
Is There Value in Aftermarket Accessories and Performance Upgrades?
According to a recent study by the Specialty Equipment Market Association (SEMA), young car enthusiasts ages 16 to 24 spend $7.2 billion each year customizing their vehicles. “More than 7.9 million young people customize, modify or upgrade their vehicles each year,” says SEMA Director-Market Research Gavin Knapp. “Their vehicles not only help them get from […]
Is Your Dealership Capitalizing on the Multi-Billion Dollar Automotive Aftermarket Industry?
According to Wikipedia, the United States automotive aftermarket was estimated to be worth $318.2 billion in 2013 and contributed more than 2.3% to GDP. These numbers have risen since then and are driven by record new vehicle sales and high demand for vehicle customization. This exploding industry is expected to hit $1 trillion by 2023. […]
Why aftermarket product partnerships benefit dealers
It’s no secret consumers love their cars and trucks and constantly look for ways to protect them at all costs. It’s an investment they want to take care of for a long time. It’s also not a secret that dealerships are constantly looking for ways to increase their income. One way to do that is […]
