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AAIA and BB&T Capital Markets have teamed up to provide a unique report available through AAIA. This report, AAIA/BB&T Weekly Automotive Aftermarket Intelligence Update, is published every week in AAIA SmartBrief and provides a comprehensive and timely report including trends about the aftermarket and the relative performance of companies serving the industry, including manufacturers/suppliers; distributors; retailers; service and repair; and collision. The recently upgraded report format provides more visual graphics on such topics as current 12-month automotive aftermarket stock performance, recent quarter sales growth, miles driven and price per gallon of gasoline and commentary regarding “What We are Hearing from the Road.”
Nominations are being accepted for AAIA standing committees for a three-year term commencing January 2014. These committees primarily meet two times a year in conjunction with AAIA Leadership Days in the spring and fall, throughout the U.S., to provide direction and develop plans for the association. Some committees may meet an additional time and/or schedule various conference calls/webinars. There is a limited number of openings for each committee. Criteria, goals and missions for each committee are listed online. If your job responsibility coincides with any of the committees mentioned and you are interested in becoming more involved in AAIA, please complete a nomination form, and include your relevant experience and qualifications. E-mail the form, along with an updated bio. The deadline to submit nominations is Nov. 15.
Car Care Council News
The cost of airfares has taken off and the price of gas is steadily declining, making travel by car the way to go this holiday season, says the Car Care Council. According to a recent Wall Street Journal story, airfares on tickets sold for Thanksgiving week have risen 9.4% compared with 2012, and the average price of airline tickets sold for Christmas week is up 7.3% over last year. On the other hand, CNNMoney reports that gas prices are falling, with nearly 20% of gas stations nationwide charging less than $3 a gallon. “With no relief in sight for escalating airfares and gas prices dropping below $3 per gallon in some parts of the country, more and more travellers are realising the economic and hassle-free benefits of driving to their holiday destination,” said Rich White, executive director, Car Care Council. “Going by car offers a number of advantages over flying and since a family of four can travel 1,000 miles round-trip by car for about the cost of one airline ticket, driving is the sensible option.” For a copy of the council’s Car Care Guide or for more information, visit the Car Care website.
The Car Care Council has been honoured with a 2013 MarCom Gold Award for the “Explore an Auto Parts Store” video. MarCom Awards is an international creative competition that recognises outstanding achievement by marketing and communication professionals. Entries come from corporate marketing and communication departments, advertising agencies, PR firms, design shops, production companies and freelancers. The Gold Award is presented to those entries judged to exceed the high standards of the industry norm. There were more than 6,500 entries this year. For more information, visit the website.
Employers may feel reluctant to invest in the careers of workers who might not stick around long, but they will almost certainly face high turnover if they don’t provide development opportunities, experts say. Employers can address the issue by hiring workers who are “committed to the causes of the organisation,” Panos Mourdoukoutas writes. Forbes (11/11)
Operational management is important, but leadership begins when you go beyond day-to-day logistics of running a company and start focusing on helping employees improve themselves, writes Steve Keating. “Here’s why I believe that it is so important to understand that there is clear difference between these two skills sets: when both skill sets are not present within an organisation then the growth of the organisation is limited,” he writes. LeadToday blog (11/8)
Your chances of achieving next year’s quota without a sales strategy are virtually nil, writes Ryan Tognassini. To create an effective sales strategy, you’ll need to identify your company’s ideal customers, put the right personnel in place and execute with precision while watching key metrics, he writes. In addition, it’s important to help your salespeople deal with new products and to figure out how best to allocate your resources. Sales Benchmark Index/Sales & Marketing Effectiveness Blog (11/12)
“In nine times out of ten, the slanderous tongue belongs to a disappointed person.” – George Bancroft, American statesman