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Category Archives: aftermarket
Repair Shop Owner Sentenced to Prison for False Tax Return
In 2011, Ferrari used business funds to pay for personal items, including gambling on horse races. Ferrari concealed this diversion of business income by not disclosing it to his return preparer, thus causing the preparation and filing of a false corporate tax return. Furthermore, Ferrari did not pay employment taxes in the amount of $291,600 based on an unreported cash payroll, according to court documents. Continue reading
Repair Act Introduced Again
US Representative Neal Dunn (R-FL) introduced H.R. 906, the “Right to Equitable and Professional Auto Industry Repair (REPAIR) Act,” as the result of the efforts of SEMA, MEMA Aftermarket, the Auto Care Association and the CAR Coalition, The Specialty Equipment Market Association said today. The REPAIR Act seeks to protect consumers’ rights to decide where and with what parts they can use to repair and maintain their vehicles. Representatives Brendan Boyle (D-PA-02), Warren Davidson (R-OH-08) and Marie Gluesenkamp Perez (D-WA-03) are the current co-sponsors of the bill, which in various guises goes back more than a decade.* Continue reading
More EV Tires Added to Goodyear Replacement Line
ElectricDrive™ comes with a 60,000-mile tread life limited warranty**, V speed rating and is available in sizes 215/50R17 95V XL and 215/55R17 94V SL. This all-season tire is built for touring sedans and CUVs, such as the Nissan Leaf, Chevrolet Bolt and Volt and the Kia Niro EV. Continue reading
Up-sizing and Pricing: Chevy ZR2 Bison Now on Silverado
Deliveries will start in 2023 with a MSRP of $78,490 after destination. This is $8,295 more than the 2022 Silverado ZR2. Is it worth the money for modest changes in specifications and no increase in output? Well, performance trucks are a hot segment – we will see what the market will reveal. Continue reading
Aftermarket Services Beat Dealers Again in Latest Survey
The study, now in its third year following its debut in 2019, measures customer satisfaction with aftermarket service facilities, providing a numerical index ranking of the highest-performing facilities in the U.S. aftermarket doing full-service maintenance and repair; quick oil changes; and tire replacement. Continue reading
Computer Bugs – Ford Launches New Certified Glass Network
Ford has apparently discovered the latest bugs in computerized vehicles. They are not the ones that smear your windshield. Continue reading
Quirky Startups – Everrati, Aria Group Porsche 911 EVs
Everrati’s product range is now available in every major market, it claims. “Surging demand for Everrati products globally is being led by sustainability-conscious millennials and Gen-Z buyers who demand an iconic car from decades such as the 80s and 90s, and demand EV power over ICE,” Everrati said. Everrati buyers are also traditional car collectors with “a passion for the latest in automotive technology… there is one common thread, all Everrati customers are car enthusiasts driven by a desire to enjoy beautiful icons sustainably and responsibly.” Continue reading
EPA: Bans Asbestos – First Under Chemical Safety Act
The proposed rule would ban chrysotile asbestos, the only known form of asbestos that’s currently imported into the U.S., which is found in products such as asbestos diaphragms, sheet gaskets, brake blocks, aftermarket automotive brakes/linings, other vehicle friction products, and other gaskets also imported into the U.S. Most consumer products that historically contained chrysotile asbestos have been discontinued. Continue reading
Goodyear Expands Eagle Exhilarate Performance Tire Line
Popular vehicles that Eagle Exhilarate tires will now fit include the Acura TLX, Audi A5 and RS5, BMW 3-Series and X5, Cadillac XTS, Chevrolet Camaro and Corvette, Dodge Challenger and Charger, Ford Mustang, Infiniti Q50, Mercedes E-Class, Porsche 911 and Volvo S60. Continue reading
Toyota to Upgrade Long Beach Manufacturing
Ford Motor Company successfully lobbied the Johnson Administration to expand the tax to Japanese automakers. The simple workaround at what was then Atlas Fabricators in 1972 was to produce Toyota truck beds for pickup trucks imported into the U.S. from Japan, a strategy also used by other importers. Two years later, Toyota bought the operation and renamed it TABC, which become its first manufacturing investment in the U.S. It’s ironic that Ford, one of the Detroit Three companies that lobbied for protection against imported light trucks, later did minor stateside work on the Turkish-built Transit Connect to escape paying the chicken tax. Continue reading
Posted in aftermarket, manufacturing
Tagged auto industry commentary, autoinformed.com, chicken tax, Ken Zino, tacoma, Toyota Long Beach
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General Motors Launches Online Parts Sales
GM forecasts that online sales of parts and accessories will make up a $40 billion total potential market by 2030. GM claims there will be significant revenue growth from its expanded e-commerce effort. GM launched online accessory sales in 2015 and sells all of its 5,000 accessory products online. Continue reading
Posted in aftermarket
Tagged auto industry commentary, autoinformed.com, GM Online Parts Sales, Ken Zino
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Canopy – Ford Forms JV with ADT Home Security
New products will integrate the Safe by ADT platform to provide professional monitoring and help businesses protect work equipment in vehicles and individual owners improve security inside and outside of their vehicles. Canopy plans to launch industry-first, multi-sensor security systems with optional professional monitoring early next year. Continue reading
Used Car Marketplace Catch Up? GM introduces CarBravo
CarBravo uses the resources of GM, GM Financial and the GM dealer network to create a flexible, shopping and buying service that is already in full use at True Car, Edmunds, Autotrader, Cars Direct and AutoNation, among others. Major automakers have been slow to use the resources of the web, but Covid has forced changes in standard business practices across the vast automotive industry and the aftermarket. Continue reading
GM Stalks $20B Electric Conversion Market
It’s the latest step in GM’s breakthrough commitment to electric vehicles that have fossil-fueled equity analysts living in the past questioning a strategy they clearly don’t understand given their questions during GM earnings calls. They are in a different cloud, so to speak. Continue reading
New York Auto Repair Shop Owner Pleads Guilty to Tax Fraud
If convicted, Strocchia faces a maximum penalty of five years in prison. He also faces a period of supervised release, restitution and monetary penalties. A federal district court judge will determine any sentence after considering the US Sentencing Guidelines and other statutory factors. Continue reading →