Why are customers returning to the new vehicle market and making purchases during a global pandemic when typical driving needs of the work commute and taking kids to school are significantly reduced?
The valuation analysts at Kelley Blue Book has reported the estimated average transaction price for a light vehicle in the U.S. was $40,857 in January 2021.
Brian Smith, owner of Gig Harbor Automotive Service in Washington state, started in the business when he was 16 years old, working in a gas station for what would become his future father- and mother-in-law.
New cars and light trucks are being kept much longer by their original buyers than ever before.
With the price of crude consistently increasing, so have gas prices because crude oil accounts for more than 50% of the price at the pump.
Leaders of the Automotive Service Association (ASA) held a virtual briefing to update media outlets and its members on several of the issues the organization plans to track and provide guidance on in the year ahead.
Collision repairers continue to see smaller auto insurers outpacing the 10 largest insurers in terms of working to ensure quality repairs and customer service, according to the findings of the 2021 CRASH Network “Insurer Report Card.”
The U.S. National Highway Traffic Safety Administration has issued recalls for Feb. 4-11, including a Cadillac recall involving 2,641,272 units and a Mercedes-Benz recall involving 24,550 units.
From Aftermarket Matters By Bob Cooper / Elite Worldwide 1. Most shop owners will wait until they need someone before they start recruiting. This is a major mistake. Instead of hiring the best service…
RateGenius, a fintech company with a proprietary consumer-lending platform, has released its annual study revealing the current state of the auto refinance market for 2021, finding that savings are at a historical high and interest rates are the lowest they’ve been in years, with the current state of the economy driving demand in 2020 leading into 2021.
The Tekmetric Index (TM-500) collects data from 500 auto repair shops, a sample of Tekmetric users across the U.S. TM-500 monitors economical trends to show how the industry is performing as a whole. Below are last week’s trends in car counts and AROs by region.
The IRS is offering resources to struggling small employers and self-employed individuals with retirement plans.
Jake McLaughlin is another one of our next-generation of business leaders in the automotive service industry.
The number of light vehicles per service bay in the U.S. has increased steadily over the past 10 years. However, foreign nameplate cars and light trucks per bay have climbed even faster.
At $2.46, the national gas price average is more expensive on the week (+4 cents), the month (+16 cents) and the year (+2 cents).
Production shortfalls are not only affecting the sale of new cars and trucks, but also affecting new lease deals, according to Scot Hall, executive vice president of Swapalease.com.
Insurance Risk Services of Georgia (IRSG) was requested to complete an Insurance Risk Assessment on Georgia's towing industry for transportation insurance carriers because Georgia had the highest number of towing-related insurance claims in the U.S. for the several years.
The CIECA Board of Trustees recently approved an initiative to begin developing its next generation of CIECA standards.
