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parts suppliers

Soaring commodity costs signal price increases for vehicle parts

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Over the past two years, commodity costs have spiked between 200 and 300%, and parts suppliers are feeling the heat. Bosch announced during their...
auto

Automotive industry trends and headlines from the past year

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We thought 2021 would slow down, but the more things changed, the more they stayed the same in the auto industry. And there were even more surprises around each corner. So, let’s look at some trends and headlines from the past year. The used car market takes center stage Maybe it’s time we have a […]
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dealerships

Steps dealerships can take amid parts and staffing shortages

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As the global supply chain issues rage on, Cox Automotive released a report Monday outlining that while consumers are still taking their vehicles to dealerships for service and repair, parts and labor shortages will likely continue to plague the auto industry and dealerships will have to continue finding ways to mitigate the impact. The report […]
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customer

How today’s advisor transparency works wonders

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Openness in the service drive in today’s climate will help ensure your CSI is rock steady and profitability greatly enhanced! Challenges from the post-pandemic operating environment have allowed greater drift from client to advisor relationships, physically and in client perception of the value, they may be receiving from the experience. Some of the underlying factors […]
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dealers

How car dealers can focus on customer retention amid inventory challenges

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Earlier this month, the National Automotive Dealers Association (NADA) released its analysis of two studies recently conducted, including one that involved interviews with consumers and another that involved interviews with dealers. The studies give us some insight into the mindsets of both groups and how dealers can use the data to maintain and grow their […]
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inventory

More parts shortages hit auto industry, affecting new inventory

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On Friday, Mar 19, a fire at Renesas Electronics Corp northeast of Tokyo, Japan has exacerbated the semiconductor shortage affecting the auto industry. The manufacturer has stated that it will be at least a month until the factory will restart, and Renesas’ CEO Hidetoshi Shibata has stated that the impact on supply would be significant. […]
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