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njaba

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njaba last won the day on July 24 2016

njaba had the most liked content!

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About njaba

  • Rank
    Occasional Poster

Business Information

  • Business Name
    New Jersey Automotive Business Association
  • Type of Business
    Other
  • Your Current Position
    Other
  • Automotive Franchise
    None
  • Website
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    None
  • Participate in Training
    Yes
  • Your Mission Statement
    A voice for the automotive industry and to promote safe and secure automotive travel.
  1. Harry, we are finding out people do not understand the numbers. You can show them the numbers but for some reason it does not "click" in their head. We are in crisis, our industry is in crisis, heck many industries are in crisis, the only industries that are not in crisis are banking/finance, insurance, real estate, and health care. We wanted people to speak up, but it seems that no one wants to speak up or admit they are struggling. You can be doing everything right, but your customers don't have the income to patronize your business, even when they like you and trust you, they are not ab
  2. Okay, one more thing, if you don't like the numbers, it's up to you to check them, that's why we made them public. Keep this in mind, while you are working on your business or cars, these people are numbers people. Banks and finance companies work on the numbers, that how they know how to make money, the insurance industry works with risk so they also know the numbers as they work with them on a daily basis. Politicians know the numbers because they keep all the statistics to know how government policy is working. I hope this shows you how the banking, finance, insurance, and public em
  3. Okay, someone asked how can we justify a doubling of prices. Our answer is simple, Geicos tell you that you can have a 25% mark up. $100 + 25% = $125.00 . This only give you a 20% margin $25 / $125 = 20% gross margin, not the way they compute it for you $25 / $100 = 25% gross margin. While on their business side their markup is over 56% for a gross margin of about 36%. They are making over 16% over what they are willing to give our industry 36% - 20% = 16%. So, if you like working for peanuts, struggling to pay your people a fair wage, and working harder not smarter, keep doing what you ar
  4. Here is AAA latest numbers, as you can see maintenance is listed at $766.50 per year per car. Check your shops numbers and see what is your average ticket per customer's car. If you have 1000 cars listed and your gross revenue for the year is less than $766,500 you need to be raising your prices! If you do work for GEICO, check the report and reconsider doubling your labor rates.
  5. Consumer reports has an excellent report at the link, it points out how much wealth is lost by depreciation, but the debt has to be fully paid and serviced. http://www.consumerreports.org/cro/2012/12/what-that-car-really-costs-to-own/index.htm Our cost of ownership Ratings comprise six main factors: Depreciation is the largest cost factor by far. On average, it accounts for about 48 percent of total ownership costs over five years. Depreciation is a vehicle's loss in value over a defined period. To calculate it, we start with the price of a typically equipped model and factor in
  6. the file was printed short, here is the complete one https://www.dropbox.com/s/pp6k2tl92j6p2su/presentation-NJABA.pdf?dl=0 https://www.dropbox.com/s/pp6k2tl92j6p2su/presentation-NJABA.pdf?dl=0 You don't need to sign up, press escape when the sign up screen comes up.
  7. I was wondering if you guys wanted to look at a preliminary report for the New Jersey market. https://www.dropbox.com/s/pp6k2tl92j6p2su/presentation-NJABA.pdf?dl=0 https://www.dropbox.com/s/pp6k2tl92j6p2su/presentation-NJABA.pdf?dl=0
  8. Are you struggling to make a profit? Are you struggling to stay in business? Do you understand what has happened to our industry? Did you know the “Cash for Clunkers” or the Car Allowance Rebate System (C.A.R.S.) took out over 677,000 high maintenance vehicles by Nov. 2010? Did you know that back in August 1, 2010 the Commissioner of Motor Vehicle stopped doing safety inspections? Do you know that New Jersey registered over 6.7 million cars and trucks for 2014? Do you know that the average vehicle travels over 11,000 miles per year in New Jersey? See the data here for you
  9. No yet, but this concerns all of you too. If you want to prosper, and no longer be working for peanuts you have to get involved!
  10. We need your help! As you may be aware, back in July of 2010 the New Jersey Motor Vehicle Commissioner did away with the safety portion of the state's inspection program. Here is the PR:http://www.state.nj.us/mvc/PressReleases/archives/2010/071610.htm The savings never materialized, two years later NJ.com reported that the state had lost over $12mm in savings: http://www.nj.com/politics/index.ssf/2012/11/nj_motor_vehicle_commission_mi.html We need data to support our position to restore the safety inspection in New Jersey! If you have any highly neglected vehi


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