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Aftermarket Matters

Auto repair shops will recover, though they will face cash-flow problems

By Steven Schillinger on April 22, 2020

One way to fix a cash-flow problem is to finance accounts receivable. This solution provides many of the benefits shop owners would normally realize from quick payments, without requiring insurance companies or organizations to pay more quickly.

Shop transparency with employees is more important now than ever
“We’re not shooting for profits right now. Profits aren’t important to us, but surviving and getting pay checks to employees is,” Travis Troy says, adding that he and his partner, Josh Mullins, both donated their salaries to their staff for five weeks.

Shop transparency with employees is more important now than ever

By Rob Merwin on April 22, 2020

“We told them we’d get through this together as a team and a family — no one gets left behind. You could just see the relief and the pressure lifted off of them,” says Travis Troy, co-owner of Honest Wrenches

CarMD Vehicle Health Index reports on check engine light repair trends
Repair costs were up in three of four regions of the U.S., with the exception being the Midwest where car repair costs were down 1.6 percent. Vehicle owners in the West paid the most for check engine-related car repairs ($398) – over 10 percent more than drivers in the Midwest, who paid the least ($360). The region with the highest average labor expense for a check engine light repair was the South ($151.22) where the average hourly labor rate according to Undercar Digest was $89.53. The region with the lowest average labor expense for a check engine light repair was the Northeast ($141.00) where the average hourly labor rate was $82.72.

CarMD Vehicle Health Index reports on check engine light repair trends

By Staff/Wire Reports on April 22, 2020

“It’s fascinating to see how the type and cost of car repairs have changed over the years as the number of sensors and subsequent fixes on most vehicles has nearly doubled,” said Ieon C. Chen, CEO, CarMD.

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