Implementing Market-based Pricing
The concept of market-based pricing is not necessarily a new concept, even though the traditional cost plus pricing was the standard pricing methodology for decades.
New Car Care Month Electronic Toolkit Unveiled
(AftermarketNEws.com) The Car Care Council has launched a new National Car Care Month Toolkit.
Creating a Buzz: Shatter Expectations to Keep Customers Coming Back
Operating any business in today’s economic climate certainly brings with it many challenges. But tire dealers are met with a unique set of hurdles, not the least of which is consumers’ tightened budgets. You’ve probably been met with many customers who are trying to stretch their money – those driving on tires that are well
Downward Turn: Small OTR Market Sees Sales Slump, Overcapacity
Not that many months ago, the OTR market – small and giant tires – was flying high, burdened with lengthy backorders that kept prices up and production humming. Tires were hard to come by, a happy problem the industry enjoyed for half a decade. The global financial crash and burn – complete with sharp downturns
Still Adapting: Familiarity Doesn’t Make TPMS Service Flawless
As the global economy continues to affect businesses and industries, the tire industry continues to have its issues – albeit fewer of them – with tire pressure monitoring systems, especially in the service bay area. Mandated by the National Highway Traffic Safety Administration, TPMS on OE passenger cars are now into their second model year
Where to Next?: Part II: Wheel Trends and Forecasts
Last month, we started a three-part series on the future of the tire and wheel industry. Tire manufacturers told us UHP demand is still rising and will continue to outpace other segments for the foreseeable future. The quest is now for the ultimate tire that can “do it all,” according to one tire manufacturer. Sounds
Getting There: Goodyear Execs Discuss Strategy, Outline Goals for 2009 and Beyond
Kramer: Through 2008, we’ve managed our production levels efficiently within the rules we have, union or non-union. Clearly, we’re making fewer tires in our plants and that has a drag on our earnings, but we’ve managed that very effectively thus far. We’re doing that to manage our inventory levels, focusing on cash. The lower the
Dealer Fights as State Chases Sales Taxes in N.H.
(Boston Globe) Massachusetts has ordered a tire chain to charge Bay State residents a 5% sales tax on their purchases in New Hampshire in an unprecedented move that could have huge implications for consumers and other merchants.
Mapping Out a Future
Big firms aren’t the onlyones that can do financial forecasts. Even a single-location tire shop canproject financials for the years ahead. Financial forecasts allowfor better strategic planning, cash-flow analysis, loan compliance, investoropportunities and business valuations. In short, it’s a tool you can use toplan for the future and best use your resources. If you do
CCC Says 80% of Cars Need Service
Eighty percent of vehicles on the road today need service or parts, according to a new report by the Car Care Council.