Motor Trader

SEPTEMBER 20, 2024

William Fall, chairman of Harwoods, said: “Since the end of Covid, the industry has faced a number of headwinds, including global supply chain challenges, economic uncertainty and changes in the OEMs’ relationship with their dealer networks. “As and pre-tax profits of £7.8m in the yar to December 2022.

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Supply Chain Networking Repairing Technology 105

Automotive Addicts

APRIL 23, 2024

In the wake of the pandemic, the cost of living has surged, impacting various aspects of daily expenses, including cars, insurance, and repairs. During the pandemic, both new and used car prices soared to unprecedented levels due to disruptions in the supply chain and chip shortages plaguing the automotive industry.

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Supply Chain Manufacturing Insurance Repairing 98

AutoSuccessOnline

OCTOBER 21, 2024

Learn how supply chain issues and the pandemic have driven this trend, how dealerships can use high-mileage service contracts to build customer trust and why these plans are becoming a key tool in maintaining long-term customer relationships. For more Executive Spotlight interviews, click here or subscribe to our YouTube Channel.

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Supply Chain Repairing Dealerships Customer 98

Carscoops

FEBRUARY 17, 2024

The reasons vary from the ever-present specter of inflation to a surge in auto thefts and escalating repair costs, among others. In other cases, it’s becoming clear that as repair costs escalate, insurance rates are following suit. For instance, in July 2023, Carscoops reported a staggering 20% surge in repair costs.

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Insurance Supply Chain Repairing Technology 116

Jalopnik

NOVEMBER 3, 2023

Jaguar Land Rover has recommended dealers use second-hand parts for vehicle repairs. The supply chain issues stem from the delays at a new central warehouse because the… Read more. The manufacturer currently has a backlog of 5,000 vehicles sitting at the dealership across the United Kingdom waiting to be fixed, Autocar reports.

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Repairing Supply Chain Manufacturing Dealerships 57

Solera

JUNE 13, 2024

The move towards green repairs is not only beneficial for the environment but also offers numerous advantages for insurers and customers alike. The Shift Towards Sustainable Vehicle Repairs The auto industry, historically known for its significant environmental impact, is undergoing a transformative change.

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Repairing Supply Chain Insurance Rebate 52

Drive.com

JULY 29, 2024

RELATED: Are Teslas expensive to repair? Marshall said the higher cost of electric car insurance premiums when compared to conventional cars was “a combination” of a lack of knowledge down the supply chain, and the high-tech functions featured in many EVs.

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Insurance Supply Chain Repairing Manufacturing 122

Carscoops

JANUARY 23, 2024

Industry experts put the spike down to a combination of factors including the increased cost of new vehicles, and rises in the cost of labor and parts that negatively impacts repair bills. Average annual rates for full cover during 2023 stood at $2,019, CBS News reports, that figure up from $1,633 during 2022.

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Insurance Supply Chain Repairing 105

CarExpert

JUNE 19, 2024

This has resulted in huge backlogs for parts, not only affecting those who want to restore their beloved cars but also repairers who have been tasked with returning damaged Commodores to the road.

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Supply Chain Insurance Repairing Manufacturing 98

Autocar

JANUARY 14, 2024

Co-founder Estelle Miller told Autocar that one of its Born stock vehicles, also recalled as part of the service campaign, had only just returned from repairs after being stranded for seven weeks awaiting battery case sealant. Also affected has been EV Experts, an independent dealer based in Guildford.

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Drive.com

APRIL 14, 2024

The high cost of living is going to lead to more people putting off servicing and repairs, industry experts warn. Mechanics may be about to see a boom in business as cost of living pressures cause car owners to put off getting their vehicles serviced or repaired.

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Supply Chain Repairing Bump Finance 98

Auto Remarketing

SEPTEMBER 1, 2024

But if the longshoreman strike on the East Coast and Gulf ports goes forward, the car market could face an even bigger challenge — a double whammy of supply chain disruptions,” Caputo wrote on LinkedIn. Rebuilders will acquire these cars, repair them, and put them back into the market. Don’t forget the parts,” Caputo said.

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Supply Chain Repairing Insurance Consulting 80

Drive.com

JUNE 9, 2024

Simply put, as new cars are becoming more expensive to purchase, they are equally more expensive to repair. These higher priced quotes could be due to factors like EVs’ complex technological components that cost more to replace or repair and a lack of specialists who can currently carry out these repairs.

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Drive.com

MARCH 6, 2024

While car hire companies reduced their fleets at the start of the pandemic, they have struggled to fully restock due to supply chains for new cars being disrupted. There have of course been a few dings and scratches along the way, which sometimes means that a car will need to be off the road while it is repaired.

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Supply Chain Insurance Repairing Management 96

Motor Trader

DECEMBER 4, 2024

There is a huge amount of change taking place across the sector – zero emission targets, regulatory change, changes to buying behaviour, brands pushing for greater control, consolidation and supply chain difficulties – that is a huge amount of change for anyone to manage.

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Drive.com

MAY 12, 2024

In a nutshell, car insurance has gone up because cars are becoming more expensive to buy and, thus, more expensive to repair. Inflation has also raised repair costs, meaning insurers have to cover higher costs when customers make a claim. How can I lower my car insurance?

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Insurance Repairing Supply Chain Banking 81

Drive.com

MARCH 5, 2024

“Once refined, these metals can be reintroduced into the battery manufacturing supply chain, thereby closing the loop on resource utilisation.” “Polestar is also looking to identify opportunities for remanufacturing onshore in Australia,” the spokesperson said. .

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AutoSuccessOnline

JULY 1, 2024

Travel a new Road to AAPEX this season The automotive aftermarket often celebrates its long and historic legacy — manufacturers that engineer solutions, distribution channels that crisscross the country, parts stores and repair shops that keep America moving.

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Solera

AUGUST 5, 2024

By providing a comprehensive platform for calculating CO2 emissions throughout the entire supply chain, from insurance to vehicle disposal, we help businesses gain valuable insights into the environmental impact of their processes.

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Supply Chain Insurance Repairing Technology 52

Turbo Marketing Solutions

AUGUST 5, 2024

Additionally, AI is expected to enhance predictive maintenance practices, reducing downtime and repair costs while advancing the transition to eco-friendly electric vehicles through improved data quality for autonomous driving systems. Moreover, predictive maintenance has emerged as a game-changer in the automotive industry.

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Automotive Supply Chain Manufacturing Technology 96

Autocar

JUNE 9, 2024

Electrification poses both challenges and opportunities for the world of aftersales, as we discovered in a recent webinar with Ford, Hendy and Keyloop From servicing and repairs to customer care and warranty work, aftersales is the margin-rich lifeblood for dealerships and their in-house service teams. Tyres are critical.

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Turbo Marketing Solutions

AUGUST 7, 2024

Advanced analytics driven by AI have also streamlined supply chain processes, greatly reducing delays and improving production timing. By doing so, they can anticipate potential problems before they escalate, saving valuable time during diagnostics and repair.

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Solera

OCTOBER 2, 2024

Innovation that drives real impact Sustainable Estimatics, a world first industry platform, has revolutionised how automotive businesses and insurers measure and reduce CO2 emissions throughout the entire supply chain, from insurance to vehicle disposal.

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Shawn Ryder

JANUARY 25, 2025

Repair Costs: Replacing or repairing a transmission can be quite expensive, often ranging from $1,500 to $4,000 depending on whether a rebuild is necessary or if a new transmission must be sourced. Cost of Repairs: Head gasket repairs can cost anywhere from $1,000 to $2,500, depending on the severity of the issue and labor costs.

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Repairing Supply Chain Asking Price Buyer 52

CarExpert

FEBRUARY 15, 2024

Unnamed sources with knowledge of the matter told The Financial Times that the Group was unaware of the part’s origin, and that it reportedly came from deep within an indirect VW supplier’s supply chain. The supplier reportedly alerted VW of the issue when it became apparent.

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Turbo Marketing Solutions

SEPTEMBER 6, 2024

Service packages encompassing routine maintenance and repairs offer convenience while fostering long-term relationships with customers. Supply Chain Disruptions One significant challenge reverberating across the automotive sector is the ongoing supply chain disruptions, particularly due to semiconductor shortages.

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Automotive Sales Supply Chain Marketing 97

Shawn Ryder

JUNE 30, 2024

Predictive maintenance and repair scheduling On top of inventory management, AI is also revolutionizing the way car dealerships approach predictive maintenance and repair scheduling. Supply chain optimization By leveraging AI in their supply chain operations, car dealerships can achieve greater efficiency and cost-effectiveness.

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Supply Chain Dealerships Finance Repairing 52

Solera

AUGUST 14, 2023

The insurance industry has long grappled with challenges such as rising repair costs, staffing shortages, and managing claims volumes during peak times. This elevation can be attributed significantly to the mounting costs of repairs and replacements, coupled with extended cycle times required for claims resolution.

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Drive.com

SEPTEMBER 25, 2024

Cars are becoming more expensive to insure and repair Windscreens ain’t windscreens, and bumpers ain’t bumpers any more. Suddenly, that rock that flung up from the B-Double on the highway could cost you a few thousand dollars in windscreen repairs. So, these cars aren’t as simple to repair.

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Repairing Supply Chain Asking Price Bump 81

AutoSuccessOnline

SEPTEMBER 16, 2024

Main Summit: October 22-23 Quality & Supplier Management​ Connected Customer Care Revolutionized by Technology​ Service Lifecycle Management Powered by AI and Advanced Analytics​ Data Transformation to Drive Quality Management & Cost Efficiencies Dealer Technical & Field Service Operations Warranty of the Future: Automative & Innovative (..)

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Supply Chain Logistics Extended Warranty Networking 52

Shawn Ryder

SEPTEMBER 28, 2024

This identity can include a complete history of ownership, service records, and any accidents or repairs. Streamlining Supply Chain Management Blockchain can significantly enhance the efficiency of supply chain operations in automotive dealerships.

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Technology Supply Chain Finance Dealerships 52

Car Examer

JULY 7, 2024

Despite previous supply chain disruptions due to the Covid pandemic, the demand for new cars has significantly declined. Research by Nimblefins indicates that the annual cost of car ownership, including repairs, insurance, fuel, and other expenses, has risen to £3,834, a 19% increase since 2020. Running costs are another factor.

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Supply Chain Sales Finance Insurance 59

DealerTrack Insights

JANUARY 10, 2022

Finally, look through your database of existing customers for repair-weary owners who might be ready to sell—those who have recently made service appointments or declined service recommendations, for example. The current inventory shortage, brought about by global supply chain disruptions, is also nothing you can’t handle.

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Shawn Ryder

JANUARY 26, 2025

If your vehicle is approaching its fifth year, it might be wise to evaluate its current market value versus potential repair costs. Mileage: A vehicle with high mileage may require more maintenance and repairs, which can cost more over time. Age of the Vehicle: Cars typically lose value as they age.

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Supply Chain Insurance Repairing Finance 52

Shawn Ryder

JANUARY 18, 2025

Potential Out-of-Pocket Repairs: If you extend your lease beyond the warranty period, you could be responsible for repair costs that would typically be covered in a new lease. Inventory Shortages: As auto manufacturers face production shortages and supply chain issues, finding a new vehicle can be a challenge.

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Lease Extension Lease Payment Supply Chain Repairing 52

Autosoft

NOVEMBER 29, 2023

Whether it’s approving repairs, ordering parts, or updating a customer on their vehicle’s status, mobile access ensures that the service department operates with maximum efficiency. Every step of the vehicle lifecycle, from manufacturing to sales and maintenance, becomes a verifiable link in an unbreakable chain.

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Supply Chain Dealerships Management Technology 52

Automotive Mastermind

JANUARY 20, 2023

auto market is struggling, impacted by supply chain, labor, logistics, inflation, and wider economic concerns,” said Chris Hopson, manager, North American light vehicle sales forecast, S&P Global Mobility. Additionally, according to early S&P Global Mobility forecasts, U.S. sales volumes are expected to reach 14.8

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