Higher interest rates, lowering dealership incentives, and rising prices could all be factors that will cause new vehicle sales to fall in 2019. In early December, the National Automobile Dealers Association (NADA) based in Tysons, Virginia, estimated U.S. sales of light vehicles will reach only 16.8 million units next year, making 2019 the first year since 2014 that new vehicle sales will fall below the 17 million mark.
Not sure what to do with all the information overload from visiting SEMA 2018? We don’t blame you - it was an extremely busy (large, crowded, overwhelming) show! We’ve compiled the following helpful steps to follow now that you’ve settled back into your normal, post-show schedule. If you attended SEMA with a goal in mind but can’t seem to tackle the next step in your process, this list is for you.
Fat Boy’s Tire & Auto received the 2017 Dealer of the Year award from the Independent Tire Dealers Group LLC (ITDG). Congratulations!
The award ceremony took place in May at ITDG’s annual meeting and trade show in Chandler, Arizona. Fat Boy’s Tire & Auto, Owner, Kirk Lenhardt accepted the award, which was given to his dealership for its outstanding reputation among customers and vendors. To learn more about the ITDG annual meeting read the June issue of Modern Tire Dealer.
The ITDG represents more than 600 independent tire dealer locations in 44 states.
Tire and auto repair shops that are not on Facebook are invisible to the wider world. It’s not enough to simply have your address and hours of operation online. You need to think of Facebook, and all of social media, strategically. That means finding ways to engage customers and prospects in a way that gives them value, and to have the discipline to maintain that relationship on a consistent basis.
Here are six easy ways to use Facebook to your advantage:
Tariffs on aluminum and steel imports this month from Mexico, Canada, and the European Union, as well as those from China, are troubling leaders in the automotive and tire industries.
Scott Clark, the Chairman and President of Michelin North America, said the tariffs are “a real concern.”
“Some of the steel that all manufacturers use in making tires in North America is not available in North America. We're all dependent on importing that steel,” he said.
Industry analysts are concerned that higher prices will lead to a slowdown of new automotive and tire sales. Canada is a major exporter of steel plate and coil steel used by manufacturing. The country accounts for about half of the raw aluminum imported by the U.S. and about a fifth of finished steel imports.