by PartsEdge | Apr 13, 2022 | Automotive Industry
It’s no secret we’re in a digital age. Accelerated by the pandemic and ensuing social distancing, the digital marketplace is more expansive and necessary than ever. For dealerships, a stellar digital presence is paramount to success in the emerging virtual world. With...
by PartsEdge | Mar 23, 2022 | Automotive Industry
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...
by PartsEdge | Jan 27, 2022 | Automotive Industry
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...
by PartsEdge | Jan 11, 2022 | Automotive Industry
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...
by PartsEdge | Nov 23, 2021 | Automotive Industry
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...
by PartsEdge | Sep 29, 2021 | Automotive Industry
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...
