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Upcoming Events
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Latest Posts
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By Changing The Industry · Posted
The Basics of Owning An Auto Repair Shop - FAQs -
By pfseeley442 · Posted
For me the most difficult one is Failure to Adapt to Market Changes , While running the shop day to day it is difficult to look down the road 3 months, 6 months or longer. We tend to make adjustments reactionary not proactive, : OMG its busy lets hire a tech, OMG were dead, lay off a tech. So I have learned to have about 30k in the bank for winter just to be safe. Proper planning is the key. I will always remember a story about a toy store that would have a line of credit to make it through the summer, then pay it off during the holiday season. The problem was a couple of slow holiday seasons and they could not repay the loans and lost their business. so save money for the slow times and it helps to keep the cash flowing. -
By Changing The Industry · Posted
Working A Career Vs For A Paycheck #podcast #autorepairshop #carrepair #autorepairbusiness -
By Changing The Industry · Posted
Episode 161 - Realities of Coaching in the Auto Industry & Customer Misconceptions with Matt Wagg -
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By Joe Marconi · Posted
Thanks for the info. I think you made the right decision. -
By Transmission Repair · Posted
No wholesale for other shops. I avoided warranty companies like the plague, mainly because of the hassle factor of plugging up our production. We only did retail jobs and left the rest to other shops to do. We had plenty of work to do. -
By Joe Marconi · Posted
Did you do wholesale work, work for other shops? And also for warranty companies. Were there different labor rates for these, and how did you maintain a decent profit margin? -
By Transmission Repair · Posted
We had different labor rates for different jobs. Sometimes it was because of the difficulty, and other things like risk. We had our labor rates at the lowest, plain vanilla, straight jobs. If the vehicle had been chipped, twin turbos, high flow heads, exhaust, or deleted emissions, part labor for those types of vehicles carried a higher premium labor rate. For me, it's not just about the money as it was about managing risk. We commonly found when customers make a horsepower/torque range change, the first thing that goes is usually the factory original transmission. With diesels, this is especially true. The transmission simply is the weak link in the drivetrain. They were never meant to handle that much power. Sometimes it was the extra hard parts/upgrades that drove the price up, which is additional parts on top of the increase in labor. Our ARO for major jobs was about $3,600 as of 2015.
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