Tire Review Magazine

MARCH 11, 2025

Burt Brothers COO Brings Leadership and Industry Expertise According to Burth Brothers, Celenza brings a wealth of experience in automotive, retail, operations management, multi-location leadership, and corporate finance. ” Before joining Burt Brothers Tire and Service , Celenza worked at TBC Corporation from 2020 to 2025.

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Finance Retail Automotive Management 52

AutoSuccess

DECEMBER 6, 2024

Central to this process is the use of encryption in safeguarding customer data in automotive retail to avoid privacy breaches and how dealerships can implement encryption to protect their customers and businesses. The post Safeguarding Customer Data: The Critical Role of Encryption in Automotive Retail appeared first on AutoSuccessOnline.

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Retail Automotive Management Software 52

AutoSuccess

NOVEMBER 16, 2023

The auto industry has been laser-focused on digitizing the retail shopping experience for several years, especially since the pandemic in 2020. However, the right digital retail strategy for today’s used dealer goes beyond up-leveling a dealer’s web presence. s 2023 Friction Points Study.

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Retail Finance Vehicle Car 98

Tomorrow's Technician

OCTOBER 20, 2023

Funds donated from Bridgestone Retail Operations, a subsidiary of Bridgestone Americas, and the Bridgestone Americas Trust Fund will provide scholarships and grants for students pursuing careers as automotive technicians and supply resources for those seeking jobs post-graduation. “In

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Automotive Technician Retail Automotive Education 130

Jalopnik

JUNE 12, 2024

There’s an ongoing surge in bicycle theft that struck even before the pandemic arrived in 2020. The resulting uptick in cycling and retail bike sales that year served as an accelerant to thrust bike-related crimes to all-time highs. Wired sought the expertise of a bike hunter to learn what was happening to all these… Read more.

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Retail Hospitality 66

AutoSuccess

JANUARY 21, 2025

Decker was named general manager for the Manheim Arizona Market Center in 2020, which includes Manheim Phoenix and Manheim Tucson. Herdegen was named general manager of the Manheim Minnesota Market Center, which includes Manheim Minneapolis and Manheim Northstar, in 2020. Herdegen succeeds Doug Kramer, who retired at the end of 2024.

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Management Automotive Retail Vehicle 52

AutoSuccess

MARCH 14, 2025

This is just one point above the all-time low of 33 in Q1 2024 (excluding Q2 2020 during the pandemic) and has been weak for over two years. For franchised dealers, the profit index declined from 45 in Q4 to 41 in Q1, matching the low score set one year ago (excluding Q2 2020).

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Automobile Electric Vehicles Insurance Automotive 52

AutoSuccess

APRIL 11, 2025

With new vehicle production shortages from 2020 and 2021, fewer prime retail units are available, forcing more consumers into older, more affordable vehicles. The reality is, the biggest profit potential isnt just in selling vehicles its in reconditioning them strategically.

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Vehicle Retail Technical Car 40

Auto Remarketing

OCTOBER 6, 2023

The index is 39% higher than March 2020 pre-pandemic levels. What has been behind this improving dynamic for used-vehicle values is improving retail vehicle demand, which tightened retail supply and led to more dealers buying at wholesale. Black Book’s Used Vehicle Retention Index for September came in at 159.3, from a year ago.

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Vehicle Retail Automotive Used Cars 64

Tire Review Magazine

JANUARY 15, 2024

In this expanded role, the Alliance said Schaus will focus on member sales efforts including national service retail chain accounts and the Auto Value, Bumper to Bumper and Confidence Plus Certified Service Centers (CSC) program. Schaus officially joined the Alliance in October of 2020 as a field sales representative.

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Management Retail Automotive Marketing Automotive 52

Tire Review Magazine

JANUARY 15, 2024

In this expanded role, the Alliance said Schaus will focus on member sales efforts including national service retail chain accounts and the Auto Value, Bumper to Bumper and Confidence Plus Certified Service Centers (CSC) program. Schaus officially joined the Alliance in October of 2020 as a field sales representative.

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Management Retail Automotive Marketing Automotive 52

Auto Remarketing

SEPTEMBER 19, 2023

2020 model year electric vehicles returning to the market in 2023 retain about 59% of their original manufacturer’s suggested retail price (MSRP). In comparison, 2020 model-year ICE vehicles, in the aggregate, retain about 71% of their original MSRP today.

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Electric Vehicles Electricity Vehicle Utilities 105

Tire Review Magazine

OCTOBER 22, 2024

Curtis Goodwin started his career at Fountain Tire more than 30 years ago, as assistant manager then store manager, building a strong team and profitable retail location in Edmonton. Nason Higinbotham joined Fountain Tire in 2014, building upon leadership roles with Vancouver-based independent and national tire retailers.

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Telecommunication Retail Management Mechanic 52

Tire Review Magazine

OCTOBER 22, 2024

Curtis Goodwin started his career at Fountain Tire more than 30 years ago, as assistant manager then store manager, building a strong team and profitable retail location in Edmonton. Nason Higinbotham joined Fountain Tire in 2014, building upon leadership roles with Vancouver-based independent and national tire retailers.

Telecommunication 52

Telecommunication Retail Management Mechanic 52

Tire Review Magazine

NOVEMBER 3, 2023

Funds donated from Bridgestone Retail Operations, a subsidiary of Bridgestone Americas, and the Bridgestone Americas Trust Fund will provide scholarships and grants for students pursuing careers as automotive technicians and supply resources for those seeking jobs post-graduation.

Automotive Technician 52

Automotive Technician Education Retail Technical 52

Tire Review Magazine

MARCH 26, 2025

Of its tire sales, 90% is retail, with the remaining 10% wholesale to area car dealerships. The Shift to Digital Marketing When the COVID-19 pandemic hit in 2020, Handel stopped going into the store for health reasons. Wholesale Tire boasts a sales mix of 95% tires and 5% vehicle service.

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Media Management Banking Finance 52

Tire Review Magazine

MARCH 26, 2025

Of its tire sales, 90% is retail, with the remaining 10% wholesale to area car dealerships. The Shift to Digital Marketing When the COVID-19 pandemic hit in 2020, Handel stopped going into the store for health reasons. Wholesale Tire boasts a sales mix of 95% tires and 5% vehicle service.

Media 52

Media Management Banking Finance 52

Tire Review Magazine

DECEMBER 27, 2023

Retail aftermarket spending has kept pace with these driving habits. Similar to the previous year, the rise in inflation played a role in pushing up retail prices. According to a survey of Auto Care Association members from July, 56% of aftermarket companies have passed on higher materials, shipping and labor costs since 2020.

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Retail Automotive Management Vehicle 52

AutoSuccess

NOVEMBER 21, 2023

“The improved level of vehicle inventory and the easing of upward pressure on prices are the driving factors in sending sales satisfaction back in a positive direction,” said Chris Sutton, vice president of automotive retail at J.D. for ICE retailer staff expertise. Buyers of premium vehicles Premium buyers provide a rating of 8.18

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Vehicle Retail Electric Vehicles Trucking 52

AutoSuccess

MAY 8, 2024

According to Cox Automotive, the new vehicle inventory supply is near its highest point since June 2020. Meanwhile, manufacturer incentive spending continues to rise, as does competition between retailers to attract buyers to showrooms. For many auto dealers, 2024 is shaping up to be a challenging year.

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Automotive Marketing Automotive Finance Retail 72

Auto Remarketing

JANUARY 9, 2024

Still, the index is up 32% from last pre-pandemic reading in March 2020. Wholesale prices continued to decline in December at a higher than usual (pre-2020) rate, but the depreciation was slower than in November,” Black Book chief data science officer Alex Yurchenko said in a release. “We year-over-year in December and falling 1.7%

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Vehicle Automotive Retail IT 52

Auto Remarketing

AUGUST 7, 2024

higher than the final pre-pandemic reading March 2020, however. “In Although auction conversion rates were strong, staying in the high-50-percent range, the retail market saw an increase in days to turn, starting at 45 days at the beginning of the month and rising to 52 days by the end,” Wehunt said. for July, which was down 1.1%

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Vehicle Retail Used Cars Automotive 52

AutoSuccess

OCTOBER 22, 2024

Cochran is the president and CEO of #1 Cochran, Western Pennsylvania’s largest automotive retailer. He has been on the NADA board of directors since 2020. “I I am incredibly honored to be elected NADA 2025 vice chairman,” said Cochran. “So So much of what we do as dealers is about families.

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Automobile Retail Automotive Car 52

Auto Remarketing

APRIL 10, 2024

First, we need to look at our “short-term gain” decisions we made back in 2020. However, this time, based on those 2020 decision, they are the proverbial “upside-down” customers. Price them to the right retail amount from Day 1. It’s decision time, crafting a long-term plan versus making short-term gains. That was then.

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Used Cars Retail Vehicle Car 52

Auto Remarketing

JULY 24, 2024

According to the report, the average price for a commercial vehicle retailed in Q2 was $33,804, which is 1.7% While setting retail sales price records, Work Truck Solutions also mentioned that dealer inventory of new commercial vehicles jumped again in Q2, rising by 9.7% lower quarter-over-quarter and 6.1% lower year-over-year.

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Trucking Alternative Fuels Retail Vehicle 52

AutoSuccess

FEBRUARY 19, 2024

Retail outlets – dealerships – continue to deliver levels of satisfaction that many critics may find surprising: When considering the dealership or retailer experience in 2023, 74% of all vehicle buyers and 79% for new-vehicle buyers reported that they were highly satisfied. Carvana, Vroom) compared to 2021 and 2022.

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Car Vehicle Retail Automotive 80

AutoSuccess

FEBRUARY 16, 2024

Just as in previous years, 2023 was tumultuous for retail automotive. Tracking retention trends across the previous four years, rates are higher today than they were in 2020 for two-thirds of brands tracked. Overall brand retention nationwide was up in 2023 at 43.7% (was 42.6% dealerships operating on Reynolds’ DMS.

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Trucking Retail Automotive Vehicle 52

Auto Remarketing

SEPTEMBER 15, 2023

Used wholesale and retail supply levels are already tight and have tightened further to start September thanks to strong retail sales momentum in August and into September. The actions of the UAW will have an impact on the larger auto business, but nowhere near what was experienced in April 2020.

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Retail Used Cars Vehicle Car 52

AutoSuccess

APRIL 18, 2024

Hansen began his career at Manheim Detroit as a vehicle entry manager before rising to senior recon manager overseeing retail reconditioning. Shortly thereafter, she was named office manager, and then promoted in 2020 to senior client services manager to support the opening of Manheim Rochester.

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Management Retail Automotive Vehicle 52

Autoblog: Repairs

JULY 22, 2024

Since Ford loaded the 'Stang on its retail site, various forum users rebuilt their own GT trims and found price climbs of anywhere from $4,000 to $6,000. In 2020, the 760-hp Mustang Shelby GT500 cost $1,500 more than a Dark Horse today, while a base 2024 Chevrolet Corvette costs $125 more than a Dark Horse Premium.

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Retail Car Engineering IT 52

AutoSuccess

MARCH 28, 2024

Before that, much of our dealer-facing team was on the retail side of the business through 2008 and before. They made a plan in late 2020 and have stuck with it since. Not only next month’s numbers but next year’s numbers depend on your choices today.

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Retail Car IT 65

Tire Review Magazine

MAY 31, 2024

What had already been trending upward prior to the pandemic exploded in 2020, when additional demand from homebound consumers drove retailers to deliver more, faster. It’s no surprise that consumers still value the convenience of online shopping and home delivery of countless products.

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Retail Vehicle Mechanical Repairs Manufacturing 59

Auto Remarketing

AUGUST 14, 2024

In sales, supply and demand added up to charging premiums above and beyond the suggested retail price on new models, and a 20% to 30% increase in used car pricing. The national labor rate, according to NADA Year End 2020, was $120 an hour; by year-end 2023, it was $173. In service, it meant bumping up the labor rate.

Used Cars 52

Used Cars Retail Car Management 52

AutoSuccess

FEBRUARY 15, 2024

” According to BlackBook data: Seven to 10 million fewer new vehicles were sold during 2020-2022 compared to 2016-2019. I recently read an article that netted the issue: “Dealers navigating a used-vehicle market that already allows little room for error are eyeing another obstacle: worsening used-car availability.”

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Used Cars Car Vehicle Management 52

AutoSuccess

JANUARY 29, 2024

“A decade from now, when we look back at the years immediately following the global pandemic of 2020, we’ll be awed by the dramatic swings and unprecedented circumstances the economy and auto market endured,” said Cox Automotive Chief Economist Jonathan Smoke. million vehicles sold via retail channels. million sales.

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Auto Market Electric Vehicles Automotive Electricity 40

AutoSuccess

MARCH 19, 2024

At 33, the profitability index fell to its second-lowest score ever, behind only Q2 2020, at the height of the COVID-19 pandemic. Beginning in the second half of 2022, the index has dropped significantly and, in Q1 2024, hit 41 – the lowest point in the survey’s history excluding Q2 2020. “The vehicle market in the U.S.

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Automotive Vehicle Automobile Electric Vehicles 52

AutoSuccess

SEPTEMBER 18, 2024

Continued eContracting Growth Over the Last Year According to second-quarter Index data, auto retailers and their lender partners continue to seek opportunities to adopt digitized contracting and documentation workflows to increase back-office efficiency. An estimated 4.1

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