by PartsEdge | Nov 21, 2022 | Automotive Industry
Hydrogen cars have certainly entered the chat in discussions online and off across the industry. But with only about 15,000 total cars on the road and all of them located in California, it’s too soon to say if they will be a viable competitor to other renewable energy...
by PartsEdge | Nov 8, 2022 | Parts Inventory Management
While our main offering is a parts inventory management and optimization tool, one of our other core missions is to provide free helpful, accessible, and ongoing parts education to all operations and individuals in our business. After working within the parts...
by PartsEdge | Oct 25, 2022 | Parts Inventory Management
Successful parts Inventory management is a delicate balance of having all the parts you need without overstocking and holding onto obsolete parts. Your fill rate can be a fantastic indicator of whether your inventory has enough width in the right areas to support a...
by PartsEdge | Oct 11, 2022 | Parts Inventory Management
As we recently discussed, idle inventory is trending up for almost all dealerships and manufacturers. Special orders can be one of the biggest contributors to an increase in stock you don’t need taking up shelf space and undermining your overall inventory health and...
by PartsEdge | Sep 27, 2022 | Automotive Industry
Rising gas prices and quickly improving technology in combination with many other factors have led to a continuously growing interest in electric and EV vehicles. In Q2 of 2022, EV sales made up 5.6% of the total market, which is an increase from 5.3% in Q1 and an...
by PartsEdge | Sep 13, 2022 | Parts Inventory Management
In our work with the parts inventories of hundreds of dealerships across the country, we’ve gained valuable insight into industry-wide trends and their causes. For quite some time, the average for non-manufacturer guaranteed obsolescence hovered around 10-12%, but in...
by PartsEdge | Aug 22, 2022 | Parts Inventory Management
The jury’s out on the state of the US economy, but most think a recession is coming- if not already here. Unfortunately, recessions are a predictable and somewhat normal part of the modern economy. Even if 2022 isn’t the start of a recession, there are sure to be...
by PartsEdge | Aug 9, 2022 | Parts Inventory Management
Labor shortages and a shifting market have meant many dealerships have promoted or hired new-to-the-position parts managers, resulting in a dire need for training and support. We’ve said it once and we’ll say it again: the role parts managers play is crucial for...
by PartsEdge | Jul 26, 2022 | Parts Inventory Management
Unexpected challenges are truly the new normal for almost all dealers. Between labor and part shortages, increasing costs, and pandemic protocols, not one operation we’ve spoken with has made it through the past two years completely unscathed or unchanged. While some...
by PartsEdge | Jul 12, 2022 | Parts Inventory Management
For Parts Managers, it can be difficult to keep in mind both a sales and investment perspective on parts. In the day to day, immediate demand trumps all else- sometimes resulting in an overall inventory that is sluggish, overstocked, and lacking in width. Here’s how...
