Rick Barraza

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Toyota USA debuts Mobile Collision Assistance Service. This feature within the Toyota and Lexus Owners App offers guided instructions to help drivers navigate a post-collision repair process. Read all about this innovative feature that the amazing BodyShop Business @bsb_magazine team wrote about. Let us know if you would like your car manufacturer to implement something similar? https://ed.gr/dk137 #bodyshopbusiness #paintwizz #autobodypaint #paintbasedquotes #collision #autobodyrepair #autobody #autobodylife #collisionrepair

Toyota USA debuts Mobile Collision Assistance Service. This feature within the Toyota and Lexus Owners App offers guided instructions to help drivers navigate a post-collision repair process. Read all about this innovative feature that the amazing BodyShop Business @bsb_magazine team wrote about. Let us know if you would like your car manufacturer to implement something similar? https://ed.gr/dk137 #bodyshopbusiness #paintwizz #autobodypaint #paintbasedquotes #collision #autobodyrepair #autobody #autobodylife #collisionrepair

Positive Outlook for Dealerships: Q1 2024 Sales Trends Show Industry Resilience The latest NADA (National Automobile Dealers Association) Market Beat report for Q1 2024 offers some encouraging signs for the automotive industry. Despite a slight dip in the March SAAR (Seasonally Adjusted Annual Rate) compared to February; the overall sales picture is positive: Increased Sales: The new light-vehicle sales SAAR for March 2024 hit 15.5 million units, a 3.8% increase year-over-year. First-quarter results are even stronger, with the SAAR at 15.4 million units, marking a 7% increase compared to Q1 2023. Improved Inventory: Crucially, shoppers now have significantly more vehicles to choose from. New light-vehicle stock on the ground and in-transit totaled 2.58 million units in March 2024, a substantial 40.2% jump compared to March 2023. Key Takeaways for Dealers These figures point towards a few key implications for dealerships: Affordability and Incentives: The combination of rising inventory and OEM incentives has led to a decrease in average transaction prices. While the average vehicle price in March 2024 came in at $44,186 (down 3.6% compared to last year), average incentive spending per unit reached $2,800, marking a significant 66.6% year-over-year increase. Dealerships should be prepared to leverage these incentives to attract buyers. Hybrids on the Rise: The alternative-fuel vehicle segment continues to grow, reaching an 18% share of total new vehicle sales in Q1 2024. Conventional hybrids are leading the charge with an 8.6% share and an increase of 2.4 percentage points year-over-year. This underscores the importance of adapting our inventory to meet growing demand for fuel-efficient options. Steady Growth Expected: While inventory might fluctuate over the next few quarters, the NADA anticipates that it will reach around 2.7 to 2.8 million units going into 2025. This, combined with rising sales figures, results in a positive outlook for the year, with a forecast of 15.9 million units for all of 2024. Adapting to the Market These NADA figures emphasize the importance of being malleable and nimble. By focusing on a diverse inventory that includes in-demand conventional hybrids, leveraging incentives, and anticipating a continued recovery in overall vehicle sales, dealerships can position themselves for success in the evolving automotive landscape. By: Delano Palmer Director of Training and Development Innovation Financial Services

USA Automotive News 09-07-242024T Industry News and Market Trends 📰 📰 Spot Delivery Lawsuit Targets Connecticut Chevrolet Dealership - Automotive News: A Connecticut dealership is facing a lawsuit after initially approving a customer's credit application and delivering the vehicle, only to later deny the credit and demand the return of the car. This incident highlights the ongoing legal and ethical challenges in dealership operations. https://lnkd.in/gpcgyyAA 📰 Stellantis Software Chief Departs Amid Executive Shakeup - Automotive News: Stellantis announced the departure of Mamatha Chamarthi, head of its software business, marking another senior executive exit. Cristiani Campos has been promoted to lead the software division, aiming to elevate its performance. https://lnkd.in/gzRQWZWE 📰 Meet This Year's Class of 40 Under 40 Honorees - Automotive News: Automotive News has unveiled its latest class of 40 Under 40 honorees, celebrating high achievers in the automotive industry. The list highlights young leaders making significant impacts in their respective fields. https://lnkd.in/e32HrhuC 📰 New FTC Car Dealership Transparency Rule on Pause - Yahoo News UK: The FTC's new car dealership transparency rule is currently on hold. In the meantime, consumers are advised on how to avoid scams and ensure fair dealings when purchasing vehicles. https://lnkd.in/g2ee_aUq 📰 Group 1 Automotive Faces Cybersecurity Incident - MSN: Group 1 Automotive reported a cybersecurity incident involving CDK, which disrupted their operations. The company is working to mitigate the impact and restore normal functions. https://lnkd.in/gkY94AAH Join 10k+ Automotive Professionals for One Daily Email with bite-sized summaries 👉 https://lnkd.in/gerYXFAa

We read this news piece with great interest, and are keen to hear more from both sides: Are the #Chinese #Automotive OEMs about to enter the market prepared for the brand-building work that's needed beyond consideration? …or will retailers need to step up and support customers post-purchase to deliver the aftersales aftercare UK #car buyers expect? Where will their responsibilities lie? There’s a lot of talk about #network structure but less noise about the #brandbuilding needed to convince #UK consumers to buy - whether or not the product and the price are great! #customerexperience

4 Aftermarket Parts to Consider for Your KIA in Rio Rancho NM When enhancing the performance and aesthetics of your KIA, aftermarket parts can be a game-changer. From improving horsepower to adding personalized touches. https://lnkd.in/gKgQJXB8

Elevating Your Auto Shop: Embracing Kobe's Ten Rules In the realm of auto repair, excellence isn't just a goal; it's a way of life. As Todd Hayes, COO of Autoshop Answers, emphasizes the pursuit of "World Class Service," Kobe Bryant's legendary work ethic offers invaluable insights. Here's how Kobe's ten rules can transform your auto shop: 1. Continuous Improvement: Strive to enhance your skills and services daily, ensuring you're always ahead of the curve. 2. Challenge the Status Quo: Prove doubters wrong by delivering unparalleled service and exceeding expectations. 3. Address Weaknesses: Identify areas of improvement within your shop and actively work to strengthen them. 4. Execute with Precision: Practice makes perfect, so ensure that every procedure is executed flawlessly. 5. Learn from the Best: Study successful auto shops and industry leaders to glean insights and strategies for success. 6. Embrace Growth: Whether it's a win or a loss, analyze each outcome to learn and evolve. 7. Practice Mindfulness: Stay present in every task, fostering attention to detail and precision in your work. 8. Set Ambitious Goals: Aim high and push the boundaries of what your auto shop can achieve. 9. Team Unity: Cultivate a culture of belief and support among your staff, fostering collaboration and unity. 10. Master Storytelling: Share the narrative of your auto shop's journey, connecting with customers on a deeper level and fostering loyalty. By embracing Kobe's ethos, auto shop owners can elevate their services from good to exceptional, delivering unparalleled value and earning the trust and loyalty of their customers. Let's strive for greatness, one repair at a time.