Autobody News’ Post

Most cases of Floorplan Fraud involve rogue dealers, but what happens when it's a rogue OEM? In this instance, an OEM abused Floorplan credit to inflate their sales by pushing slow-moving, expensive boats onto helpful dealerships. It's a reminder that fraud can happen at any level of the industry. #FloorplanFraud #Floorplanfinance #BusinessProtection

Just what is the minimum purchase to be able to buy into HGVMAX? A great recap of some recent sales presentation offers to owners showing just how much you would have to spend to enroll in HGVMAX! do you think its worth it? https://lnkd.in/ehnYBZgt

In the car dealership context, "pencil" can also be considered slang for the practice of adjusting or manipulating numbers in a deal to make an offer more attractive to the buyer or to meet certain financial targets. This might involve changing the sale price, adjusting trade-in values, modifying financing terms, or tweaking fees and add-ons to create a more favorable impression of the deal. The term emphasizes the flexibility and negotiability of these initial figures, suggesting that they are not set in stone and can be "rewritten" or negotiated to better suit the needs of either the dealership or the customer. #CarBuying #CarBroker #CarDeals

Let’s talk tire service description. Hopefully you know what this means if you’re selling tires. I work with a wide variety of customers and conduct lots of training with them. I see way more often than I’d like that we don’t go the extra mile to properly sell tires to our customers. One of the biggest and worse ways is by searching tires by size rather than vehicle description or VIN # search. Why is this important to do properly? Many reasons actually. 1. Potentially unsafe if tire does not meet or exceed vehicle manufacturer specs. 2. Tires won’t perform properly if used above the tires speed and load characteristics needed from the vehicle. 3. If sold below vehicle manufacturer requirements many tire manufacturers will deny mileage wear out prorations. Worse case scenarios. You sell this way to all your customers. You do it again to the same customer using the same tire. You don’t know the manufacturer won’t pay the claim. You have open repair orders because payment hasn’t been collected from manufacturer proration. You write off repair order because you won’t get paid. If you’re a manager and these things happen to you but don’t invest in the proper training of your people, you’re part of the problem.

Truck sales remain strong with a record 4,528 units sold across May – up six per cent on the same period last year – as the industry looks poised to eclipse last year’s first-half result. As the halfway mark approaches, the year-to-date numbers suggest 2024 could be another record year for the Australian truck market with 574 more trucks delivered to the end of May – up 3.1 per cent on the same period last year. “Those weaker than normal Light Truck sales are tempering the overall heavy vehicle sales numbers in 2024, however the market still looks set for a new first half year sales record, with just June sales to come,” Truck Industry Council Limited CEO, Tony McMullan said. https://lnkd.in/g62YJpT8

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Vehicle sales reach 6360 in the first half of 2024: In the first half of 2024, a total of 6,361 units were sold, slightly below the 6,441 units sold in the same period of 2023 but surpassing prepandemic levels, a report by Simonis Storm revals. In June 2024, vehicle sales increased to 993 units from 966 units in May 2024,