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Financial
Source: Motor Age

Letting parts get lost in the shuffle can lead to profit losses

November 4, 2009

LAS VEGAS ? It?s your budget, you need to track it. And while you?re tracking it, keep an eye on parts and products that could be lost along the way. Even just losing a $6 product could end up costing your shop big time, up to $600 depending on what your net profit currently is. That can be some scary numbers for your bottom line, according to Charlie Fewell, who presented ?Financial Management for the Service Center? during training classes Wednesday morning at the Congress of Automotive Repair and Service (CARS).

Source: Motor Age

151st consecutive dividend to be paid by Cooper

November 2, 2009

Once again the Cooper Tire & Rubber Co. is paying out a quarterly dividend to its shareholders, marking the 151st consecutive time such funds have been disbursed.

Source: Aftermarket Business

Q4 earnings down, net income up for Johnson Controls

October 29, 2009

Automotive Experience sales in the quarter declined 14% to $3.5 billion versus $4.1 billion last year due to lower production volumes in North America and Europe.

Source: Aftermarket Business

Standard Motor Products announces Q3 2009 results

October 28, 2009

Consolidated net sales for the third quarter of 2009 were $205.6 million, compared to consolidated net sales of $202.9 million during the comparable quarter in 2008.

Source: Aftermarket Business

Honeywell posts stronger than expected 3Q earnings

October 25, 2009

Transportation systems sales were down 24% compared with the third quarter of 2008 due to lower volumes primarily driven by lower sales to global automotive OE customers and the negative impact of foreign exchange, partially offset by new platform launches with automotive OE customers and share gains in the automotive aftermarket retail channel.

Source: Motor Age

Increasing gross profits starts with looking at labor

October 24, 2009

ORLANDO ? There are only three ways to make money in the automotive repair shop business, but by crunching some numbers, you can increase your gross profit. So by working on increasing sales, increasing gross profit and decreasing expenses, you can make more money. Kelly Bennett focused on increasing gross profit in his class ?Increasing Gross Profit? during WORLDPAC?s second day of its first supplier and training expo.

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