For the first time in history hybrid, plug-in hybrid, and electric light duty vehicles accounted for 11% of the sales in the fourth quarter of 2021. While much of this increase can be attributed to manufacturers increasing the number of hybrid and electric options, a...
Prior to the pandemic, Parts Departments were already the second largest asset and area of potential growth for dealerships. At that time, according to NADA, 49.6% of the average dealership’s gross profits came directly from the parts department, and in 2019, parts...
In a recent poll on LikedIn, we asked our Parts Managers followers which they wish they had more of; Time, Staff, Tools, or Education. A staggering 46% said they wished they had more staff! With the dawn of the hiring crisis and the great resignation, it comes as no...
Before jumping feet-first into this rather heated debate, we’d like to preface with the following: at this stage, any opinion on shortages is little more than a shot in the dark. While we can use past trends to try and understand how our current predicament might...
Car sharing is one of many new ideas emerging in the transportation industry. Modeled after homeowner services like Airbnb and VRBO, car-sharing gives car owners the opportunity to lease their vehicles directly to customers when they aren’t using them. The model...
Kaylee Felio: So I have Ryan Else here with Eide. He’s going to talk about and tell us about the history of his dealerships and I’ll just let you kind of take over and talk about your background. Ryan Else: I’m the Parts and Service...
