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5 Ways Financing Options Benefit Auto Parts & Service Retailers 

AutoSuccess

In todays competitive automotive service landscape, offering financing options is no longer just a nice-to-have for auto parts and service retailers its a critical tool in the retailers arsenal. The benefits of financing flexibility extend far beyond simply making customer purchases more affordable. The result?

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From the Magazine: Headwinds awaiting your shop

Auto Service World

How economic uncertainty will impact auto service The mechanical automotive service market in Canada faced significant challenges in 2024 and appears poised for continued turbulence as we head into 2025. Despite these challenges, the automotive service market remains a diverse and resilient industry.

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From the Magazine: Jobbers feel the pressure of industry demands

Auto Service World

As the need for larger inventories grew, jobbers increasingly relied on credit facilities to finance stock expansion. At the same time, on the service side of the business, garages and repair shops took a different path by investing in real estate and diversifying their business models. In fact, in both Canada and the U.S.,

Finance 240
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4 Best Practices for Processing Payments After Service Advisor Training

Automotive Training Centre

The role of an automotive service advisor is pivotal within the automotive service industry. This professional acts as a bridge between customers and the technical team that services vehicles. Explore four best practices for processing payments after service advisor training.

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Over 50% of US Auto Dealerships Select Sunbit as Partner

AutoSuccess

Since launching in the auto services sector, Sunbit has facilitated $1.7 Over 90% of people who applied for financing through Sunbit technology were approved, and more than 75% decided to move forward with the financing offer. Auto dealerships remain the primary hub for automotive service and repair in the U.S.

Finance 52
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From the Magazine: Navigating a turbulent year ahead

Auto Service World

Historically, the automotive aftermarket demonstrates an inverse relationship with economic conditions: In prosperous times, new vehicle sales increase, reducing the average vehicle age and lease/finance turnovers, which dampens aftermarket service revenue growth. However, this cycle has been atypical.

Retail 130
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Spiffy Adds Former Ford Executive to Board

AutoSuccess

His background in marketing, sales, finance and product development combined with boardroom experience makes him a high-impact addition as Spiffy scales its Digital Servicing platform. Mondragon stated, I believe in Spiffys vision for the future of automotive service, and Im excited to join the company at this pivotal stage.

Finance 52