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BB&T Weekly Aftermarket Intelligence Update, technology that could make electric vehicles viable, Capital Report, business confidence dips, salespeople who lie, how to get more out of your daily commute, and more…
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.”
Electric-vehicle charging that is faster, more efficient and wireless will go a long way toward converting Americans to electric vehicles, writes Lucas Mearian in this analysis. Companies are working on solutions to all three challenges. Computerworld (10/21)
AAIA members: Learn more about news affecting the automotive aftermarket industry in this week’s Capital Report:
- This Week in Congress
- Supreme Court to Review EPA Greenhouse Gas Permitting Program
- Finance Committee Chairman Baucus Hints at Significant Tax Code Changes
- Russia Finalizes Accord with U.S. on Auto Parts
- Joint Committee on Taxation Finds Individuals Pay Large Percentage of Corporate Taxes
- Auto International Association to Host Focus Groups on International Initiatives During AAPEX 2013
- New Blog Post: CA’s Prop 65 Changes Exemplify Some Elected Officials’ Recognition of the Needs of Business
- AAIA Members: Please Complete our Legislator Relationship Survey
- Aftermarket State Legislation
The organizers of the Automotive Aftermarket Products Expo have issued a new policy statement, “Protecting Your Intellectual Property Rights at AAPEX,” for exhibitors at this year’s event. AAPEX is slated for Tuesday, Nov. 5, to Thursday, Nov. 7, at the Sands Expo Center, Las Vegas. AAPEX organizers have a zero-tolerance policy toward IP infringement and will work with exhibitors to resolve legitimate violation claims. Violating exhibitors face potentially severe consequences, which may include closing an exhibitor’s booth and a ban from future AAPEX shows, as well as the loss of seniority privileges. The Intellectual Property Statement includes a general background of AAPEX and intellectual property issues at the event. This policy also provides an overview of the IP Review Process, a mechanism by which exhibitors can issue complaints regarding potential infringement with AAPEX Management. AAPEX Management and its IP Counsel will be available during AAPEX from 9 a.m. to 5 p.m., starting Monday, Nov. 4, through Nov. 7 to receive and investigate intellectual property complaints at AAPEX. AAPEX welcomes any exhibitor concerned about a potential infringement to make use of this exhibitor service. AAPEX Management urges all AAPEX exhibitors to develop year-round protection and enforcement programs for their intellectual property rights and to utilize the IP Review Process to protect their intellectual property during AAPEX. AAPEX also recommends that exhibitors consult with an attorney experienced in the field of preserving and protecting IPRs. Go online to review the AAPEX Intellectual Property Statement.
Results of the joint Business Confidence Index for August 2013 show that aftermarket business leaders were slightly less confident in the future of the automotive aftermarket over the next 12 months but continue to be positive on the economy, report AAIA and Northwood University. The overall AAIA/ Northwood University Automotive Aftermarket Business Confidence Index for August was 22.50, down slightly from the July reading of 23.26 but still holding aftermarket leaders solidly in the mid-range of the “slightly more confident” category. The overall AAIA/ Northwood University Automotive Aftermarket Economic Confidence Index for August was 6.25, down from the July reading of 8.14 but still positive, thus placing aftermarket business leaders on the low side of “slightly more confident” in the economy. The 33rd monthly installment of the survey was sent to members on Oct. 10. Results will be calculated monthly and reported in AAIA SmartBrief. Member responses will be used solely in the aggregate and for the purpose of providing empirical information. For more information, contact AAIA market intelligence at 301-654-6664 or Timothy G. Nash, Northwood University, at 989-837-4323.
Nominations are being accepted for AAIA’s Board of Directors and Executive Committee. Individuals interested in being considered for nomination or nominating others are encouraged to do so by Nov. 15. Nominees for the three-year Board terms (beginning July 1) of office must have served on an AAIA committee or segment committee for a minimum of one year and be employed by an AAIA member company in good standing. Candidates for the one-year Executive Committee terms (beginning July 1) of office must have served on the AAIA Board of Directors for a minimum of one year. If you are interested in submitting a name for consideration, please complete the appropriate form and e-mail it with an updated bio and photo to Meg Lewis. Go here for the Executive Committee form and go here for the Board of Directors form. All nominations must be received no later than Nov. 15 to be eligible for consideration. If you require additional information, contact Meg Lewis via e-mail or call 240-333-1020. The AAIA Nominating Committee will meet on Dec. 18 in Bethesda, Md., to review qualified nominations.
New AAIA government affairs blog post: California’s Prop 65 changes exemplify some elected officials’ recognition of the needs of business
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 the recent changes to California’s Prop 65 and commends the work of the governor and Legislature for finally addressing the issue. However, chemical-regulation reform at both the state and federal level remains a constant concern for our industry and the business community as a whole needs to remain vigilant. View the complete post.
Car Care Council News
Halloween is one of the most anticipated times of the year for young children. To help keep trick-or-treaters as safe as possible, the Car Care Council reminds motorists to drive slowly, especially through neighborhoods, to be extra careful when entering or exiting driveways or alleyways, and to be car care aware by making sure their vehicle’s brakes, lights and wipers are working properly. “We can all help keep young pedestrians safe on Halloween by checking our vehicle’s safety items, reminding children of basic safety rules and taking extra precautions when driving through neighborhoods,” said Rich White, executive director, Car Care Council. For a copy of the council’s Car Care Guide or for more information, visit the website.
Lying may seem like an effective tactic in the short term, but salespeople who misrepresent themselves will ultimately cause problems for your company, writes Ted Harro of Noonday Ventures. “People talk, and information about less-than-noble company practices spread[s] quickly in our highly connected society,” he writes. You can eliminate the incentive to lie by helping salespeople understand what kind of value your company is able to offer, he writes. The Huffington Post/The Blog (10/17)
Letting an employee go is never easy, but keep it from being a low point by supporting your case with a paper trail and getting input from managers, Chas Rampenthal writes. Staying positive and professional, bringing in backup and offering all of the necessary information will also help the termination go as smoothly as possible. Inc. online (free registration) (10/17)
Use your commuting time to help your career by doing some long-range thinking about your goals or by listening to podcasts to improve your skills, experts say. You can also use the time to decompress from a busy workday by using “mindfulness techniques,” says Angelo Kinicki, management professor at the W.P. Carey School of Business at Arizona State University. MainStreet.com (10/16)
Some people will believe anything if it is whispered to them.”
– Miguel de Unamuno, Spanish writer