Meltdown: Fed Leads Global Scramble to Shore Up Markets, Banks
(Reuters) The U.S. Federal Reserve led a coordinated round of global official rate cuts early Wednesday, easing by a half percentage-point, as did the European Central Bank, Bank of England and Swiss, Canadian and Swedish central banks.
Turning Over Turnover
For any business, employeeturnover wastes time and costs both money and customers. But tire dealers andstore managers don’t have to stand by powerless watching employees come and go.There are several things you can do to reduce turnover rates. • Use care during the hiringprocess. When interviewing a candidate, think of your best past and presentemployees.
What’s a Dealer to Do?: Dealers Can Still Win Even if the Economy is a Big Loser
All one has to do is look at the prices – in large, doomsday-sized letters – that hang outside most establishments selling gasoline or diesel fuel. Then the calculator in the left side of the brain begins to register. The results are usually the same: Holy Refinery! Everywhere you look gasoline hovers around $4 a
ASA Adds Motor Information Systems as Benefit
Automotive Service Association (ASA) added Motor Information Systems, a supplier of automotive diagnostic and service information, as a member benefit provider.
Cheapest Doesn’t Always Win
Pricing is based on three components: your costs to produce, market and sell tires and service plus all related business expenses; the profit you hope to produce; and the price customers are willing to pay. Assessing that final component can be daunting, but you can gather clues about how customers perceive your products and services
TIA Announces Fall Training Schedules
The Tire Industry Association (TIA) has announced its fall 2008 dates for the Automotive Tire Service (ATS) and Commercial Tire Service (CTS) Certified Instructor Programs.
Fountain Gains Rebate With Safety Training
Fountain Tire was awarded a rebate check totaling some $200,000 from the Alberta Workers’ Compensation Board (WCB) for achieving safety excellence in 2007.
Loss-Leader Technique
Want to boost sales? Try the “loss-leader” approach. This sales technique involves significantly reducing the price of one item and using that as the “lead” to get customers into your dealership. Once a customer walks in your door, it’s likely they will see other items of interest or need other services. This is not to
Playing For Keeps: Incentive Programs Make Finding, Keeping Employees Simpler
Retaining Good Employees is Hard. Finding New Ones is Harder. Creating Incentives Can Make It All a Lot Easier. In attracting and training qualified new employees, you may be overlooking a valuable resource that you already have in your arsenal: your current staff. In today’s competitive marketplace, retaining current employees is key to the success
Tyre Majors Roll Out Schemes for Truckers
(Business Standard) In order to tide over the shock of a hike in tyre prices, domestic tyre manufacturers have launched a series of innovative schemes to reduce the impact on buyers.