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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 report provides 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.”
Every time Zipcar or another car-sharing service adds a fleet vehicle, 32 fewer new cars are purchased, according to an analysis by AlixPartners. The study, which expects the trend toward car sharing to accelerate, did not consider taxi-style services such as Uber. CBS MoneyWatch (2/11)
Used-car average prices declined 1.3% in December from the year prior, according to auction company ADESA, which means reduced incentive for consumers to buy new vehicles. Forbes (1/31)
AAIA members: Learn more about news affecting the automotive aftermarket industry in this week’s Capital Report:
• This Week in Congress
• EPA to Propose Eliminating Use of 134a in Vehicles and Consumer Products
• NLRB Reissues “Ambush” Elections Rule
• House Committee Moves Legislation to Change ACA Definition of Full-Time Employees
• Congressman Sanford Meets with South Carolina Auto Care Industry Business Owners
• House Transportation Chairman Talks Gas Tax, VMT, and Other Roads Funding Options
• House Continues Hearings on Toxic Substance Control Act and Possible Reforms
• U.S. DOT Announces Vehicle-to-Vehicle Technology May Eventually be Mandatory in New Autos
• New Blog Post: Marketplace Fairness: Moving It Forward
• Aftermarket State Legislation
The AAIA government affairs team publishes a weekly blog post to provide thoughts on what is happening in Washington, D.C., and in the states that could affect the aftermarket. This week, Sheila Andrews, manager, government affairs, discusses recent developments in the debate over the Marketplace Fairness Act – national legislation allowing states to collect sales taxes on Internet sales. Most industries, including auto care, stand to benefit greatly from this legislation, but congressional politics continues to be a major obstacle. View the complete post.
Car Care Council News
Your car doesn’t want flowers, balloons or candy this Valentine’s Day – it just wants a little love in the form of an oil change, tune-up and basic service. A little extra care now can lead to happily ever after with your car for many years to come, says the Car Care Council. “If you want to add more years to the relationship between you and your car, give it some extra TLC this Valentine’s Day,” said Rich White, executive director, Car Care Council. “There’s no debating the value of preventive maintenance to keep your car running efficiently. By showing your car a little love now, you’ll avoid the heartbreak and unexpected expense of car trouble down the road.” The Car Care Council is the source of information for the “Be Car Care Aware” consumer education campaign promoting the benefits of regular vehicle care, maintenance and repair to consumers. For a copy of the council’s Car Care Guide or for more information, visit the website.
Understanding how your salespeople view monetary incentives is critical for making sure your team is on the right track, writes Tom Searcy. When interacting with sales representatives, try to get a better understanding of their financial goals and whom they see as their role models, Searcy writes. Also, think about the ways in which parental influence can affect someone’s thought patterns when it comes to money, he suggests. Inc. online (free registration) (2/6)
Every company has productive but low-profile employees who should be sought out by leaders before they become disengaged, writes Mary Schaefer. “Be ready for any number of responses, but bottom line, please start a discussion. Make sure you don’t let your secret workforce wander over into that ‘not engaged’ category,” she writes. SmartBrief/SmartBlog on Leadership (2/6)
Too many leaders are perfectionists, and that drives them to doubt, criticize and micromanage their workers, writes Mary Jo Asmus. It’s better to expect excellence, then trust and encourage people to deliver. “Leaders who bring out excellence in others are talent magnets. The word is out, and people want to have a chance to learn and develop while working with these leaders,” Asmus writes. SmartBrief/SmartBlog on Leadership (2/5)
When you’re through changing, you’re through.”– Bruce Fairchild Barton, American advertising executive and writer