Concerns over rising inflation continued supply chain disruptions, and ongoing hiring difficulties have proven to be persisting challenges that countless businesses still have to face. Yet, many business owners are optimistic about the future, and despite lingering threats, there are steps small … [Read more...]
Looking Ahead: The Automotive Industry Outlook for 2023
The automotive industry outlook since the start of the pandemic has faced nearly constant shortages and supply chain concerns. In 2022 automotive dealers faced additional obstacles in the form of skyrocketing gas prices and rising interest rates. Although U.S. new vehicle prices continue to set … [Read more...]
3 Lessons the Layoffs at Carvana Can Teach us About Running a Dealership
Over the last two years, the automotive industry has experienced a great deal of turbulence, weathering many challenges, including auto parts shortages, supply chain issues, and fluctuating consumer demand. Although many shoppers are turning to online car buying, all-time-high car prices and … [Read more...]
Business Efficiency: How Small Repair Shops Can Thrive in 2022
Running a successful and efficient automotive repair shop requires flexibility, adaptability, and the foresight to see what’s coming next. Efficient businesses can advantageously convert materials, labor, and resources into products and services that produce revenue. Business efficiency can include … [Read more...]