Money In the Bank

This article originally appeared in the September 2023 issue of THE SHOP magazine. By Mark E. Battersby The recent wave of bank failures has put a new focus on the security and stability of financial institutions. Even with protections in place, a bank’s failure can be disruptive, causing delays and confusion regarding access to funds,… Continue reading Money In the Bank

SEMA Presents Annual Automotive Scholarships, Loan Forgiveness Awards

2022 SEMA Scholarship winners

The Specialty Equipment Market Association (SEMA) has issued a total of $245,000 in scholarship and loan forgiveness awards through its SEMA Memorial Scholarship Fund to help 104 individuals pursuing careers in the automotive aftermarket industry. Winners include 87 students who received scholarships ranging from $1,000 to $5,000 and 17 employees of SEMA-member companies who received… Continue reading SEMA Presents Annual Automotive Scholarships, Loan Forgiveness Awards

Chevrolet, Fiat Top List of Most Affordable Trucks & SUVs to Insure

The 2023 Chevrolet Colorado Z71. (Photo courtesy Chevrolet)

As the off-road, overlanding and personal light-duty truck markets show no signs of slowing, Mercury Insurance has generated a list of new pickups and SUVs that are the most affordable to insure. The Chevrolet Colorado and Fiat 500X lead the way, respectively. “The appeal of trucks and SUVs is that they can handle weekday work… Continue reading Chevrolet, Fiat Top List of Most Affordable Trucks & SUVs to Insure

Stellantis Introduces Private-Label Aftermarket Parts Line

Stellantis has introduced its new bproauto private label aftermarket parts brand.

Stellantis has introduced its new bproauto private label aftermarket parts brand. Featuring air filters, brake components, batteries and more, the bproauto parts portfolio is available for most makes and models, and was created to complement Mopar’s OE parts offerings. The new line is designed “to help combat the rapidly changing aftermarket and the long-term shift… Continue reading Stellantis Introduces Private-Label Aftermarket Parts Line

Garmin Signs Purchase Agreement to Acquire JL Audio

Garmin Ltd. has announced the planned acquisition of JL Audio.

Electronics company Garmin Ltd. has entered into a definitive agreement to acquire JL Audio, a privately held U.S. company that designs and manufactures audio solutions for automotive aftermarket, powersports, RV, marine and in-home applications. “JL Audio’s extensive audio experience will create new opportunities to provide premium audio features across a broad range of our markets… Continue reading Garmin Signs Purchase Agreement to Acquire JL Audio

Latest In-Car Gaming Experience Coming to Gamescom

BMW Group and AirConsole are unveiling their latest in-vehicle gaming collaboration at the upcoming Gamescon event in Germany.

The latest in-vehicle gaming partnership will be on full display at this year’s Gamescon event in Germany. Following last October’s partnership announcement with BMW Group, AirConsole plans to showcase its casual in-vehicle gaming system during a joint appearance at the videogame trade fair, set for Aug. 23-27 in Cologne. Show attendees are invited to the… Continue reading Latest In-Car Gaming Experience Coming to Gamescom

Gas, Hybrid Powertrain Options Available on 2024 Lexus RX

The 2024 Lexus RX.

For 2024, Lexus looks to build on refinements introduced last year to create an even more versatile RX SUV. The new RX is offered in six grades: Standard, Premium, Premium+, Luxury, F SPORT Handling and F SPORT Performance. A Cloudburst Gray exterior color is available on all grades, and Copper Crest is now available on… Continue reading Gas, Hybrid Powertrain Options Available on 2024 Lexus RX

Key Performance Indicators Report — July 2023

THE SHOP created the Key Performance Indicators Report to provide shop owners with valuable economic and industry data in an accessible, time-saving manner. Click on any of the links below to access that data in this month’s report. The Brief While consumer confidence and sentiment are on the rise, inflation and labor shortages continue to impact… Continue reading Key Performance Indicators Report — July 2023

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Categorized as Features

Prefix Corp.: At the Heart of the Action

Innovative automotive solutions company Prefix Corporation has recently opened a new facility at the M1 Concourse in Michigan.

This article originally appeared in the August 2023 issue of THE SHOP magazine. By Maura Keller Family businesses have long been a staple of the American economy. According to the Small Business Administration, about 90% of all U.S. companies are family-owned or controlled. Ranging in size from small mom-and-pop shops to Fortune 500 entities, family… Continue reading Prefix Corp.: At the Heart of the Action