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Automotive Deals

Average New Vehicle Prices Dip Below MSRP

New vehicle prices remained high, even though the average new car price dipped below the MSRP in March. According to a new report from Cox Automotivethe average vehicle transaction price is still higher than last year, even though new car prices are below the MSRP for the first time in 20 months.In March, the average transaction price of a new car in the US fell to $48,008, a month-over-month decrease of around $550 or 1.1% from February’s ATP of $48,558. With transaction prices down, we’re also seeing an increase in incentive spending from manufacturers with an average of about…

Automotive repair

Auto Body Shop Financials: Breakeven Point and Beyond

This article is the fourth in a series on accounting. To view the rest of the series: Part 1, click here. Part 2, click here. Part 3, click here. One of the most valuable things in any collision repair business is for ownership and management to have an accurate understanding of their financial performance. In this series, we’ve elaborated on that key point and broken down the ins and outs of the profit and loss (P&L) statement as well as given insight into industry standards on the structure of how that P&L should look. We’ve given recommendations for an easier…

Automotive Deals

The Most Discounted New Cars Right Now

Most months there are a few models that are given an extra push with incentives tied to supply and/or a coming redesign. Automakers and dealerships need to make room for new vehicles. These days there’s plenty of room, but some models are still more popular than others. Transaction prices remain elevated for most vehicles, though, and the amount you can save varies greatly by model and even trim. It might seem surprising, but there are many vehicles that are selling for close to the manufacturer’s suggested retail price. Supply and demand still rule the day. For this list, we focused…

Used Cars

Kenny U-Pull your own auto parts from used vehicles

Emily Vukovic pulled out all the stops this morning at Kenny U-Pull. Kenny U-Pull is an automotive recycler, where you can go to self-serve car parts. You pay a gate fee of $4 and take what you want from cars in the yard whether it be an engine, alternator, suspension pieces, mirrors, doors, a hatch, hinges, etc. You must bring your own tools as they don’t have any available, but you are prohibited from bringing grinders, torches or jacks. They also use tires for sale that they check to ensure there is still enough tread and have a variety of…

Automotive News

Why Does a Cracked Windshield Spread?

A rock flies up and hits your windshield making a small crack. Uh oh. You know you have time, but how much time? Eventually, the crack will spread, obstruct your view, get you a ticket, and you’ll have to replace the entire windshield, something auto insurance typically doesn’t cover. So what exactly causes a small crack in a windshield to spread like wild fire? There are more than a few answers to this question. 1. Extreme Temperatures When you mix hot and cold, your windshield feels it. Going from sitting in the scorching sun to getting blasted with AC or…

Automotive News

VW wins Russian court case over asset freeze

A Russian court ruled against freezing Volkswagen’s assets in Russia, stating there were no grounds to suggest the company would try to avoid financial obligations arising from two lawsuits brought by Russian carmaker GAZ. GAZ, which was contracted to produce VW and Skoda vehicles at its factory in Nizhny Novgorod before VW suspended operations in Russia last year, in March convinced the court to freeze VW’s assets while court proceedings played out. But the Nizhny Novgorod Regional Arbitration Court had already on April 3 reversed that interim measures and ruled conclusively against such a step this week. “At present there…

Automotive News

Rivian will speed up factory flow by making its own motors

Rivian is offering the most configurations of its electric pickup and crossover with only the dual-motor setup. For example, the Enduro motors can be combined with three battery sizes on the R1T: standard pack, with 270 miles of range; large pack, with 350 miles of range; and max pack, with 400 miles of range, according to Rivian’s website. The quad-motor setup — an $8,000 option — can be paired only with the large pack for 328 miles of range. Rivian customers who had already preordered the quad-motor setup with the max pack will have their orders converted automatically to the…

Automotive repair

Rep. Darrell Issa’s bill would shorten patents on auto repair parts

WASHINGTON — US Rep. Darrell Issa, R-Calif., reintroduced a bill Wednesday that would amend US patent laws by reducing the time automakers can enforce design patents on collision repair parts to two and a half years from 14 years against aftermarket parts suppliers. The bill — known as the Save Money on Auto Repair Transportation, or SMART, Act — would apply to automotive components, such as fenders, quarter panels and doors, and only affect aftermarket repair parts. It would not alter the 14-year period in which automakers can enforce design patents against other automakers. The revived legislation is supported by…