The Parts Manager strives to return a satisfactory profit on dealer capital invested in parts inventory. Accomplishes objectives through the use of proper purchasing procedures, inventory control, staff utilization, security, pricing, merchandising, displaying and advertising. 

TYSONS, Va. (Feb. 20, 2024)—The National Automobile Dealers Association (NADA) announced several leadership transitions, including the creation of a new position: executive vice president of public policy. Paul Metrey, who has served as NADA’s senior vice president of regulatory affairs since April 2021, will be the first to fill the new role.“The…

NADA: REPRESENTATIVES BRIGHT AND TERRY RECOGNIZE FLAWS IN STATE-BASED PROGRAMS WASHINGTON (May 1, 2009) - A single, national fuel economy standard for passenger cars and light trucks will do more to reduce fuel consumption and greenhouse gases than the 14 separate programs sought by California and other states, lawmakers outlined today…

New light-vehicle sales showed signs of recovery in May, with a SAAR of 12.21 million units. While this represents a decline of 29.8% compared to May 2019, it is a marked improvement over the 47.9% decrease last month. April appears to have been the bottom of the slump for new-vehicle sales, which improved throughout May as many state and local…

While November began with a slight increase in inventory levels from September’s all-time lows, limited vehicle availability continues to keep sales well below current demand.

LOS ANGELES (Nov. 17, 2015) - Moderate wage growth, declining gasoline prices and continued low interest rates on auto loans will drive new car and light truck sales higher in 2016, Steven Szakaly, chief economist of the National Automobile Dealers Association, said today on the sidelines of the Los Angeles Auto Show. “New light-vehicle sales…

TRAVERSE CITY, Mich. (August 2, 2016) - Despite some economic and political uncertainty ahead with the upcoming elections, the National Automobile Dealers Association (NADA) is holding steady its sales forecast of 17.7 million new cars and light trucks for 2016. “We've had six straight years of steadily rising sales, which has been a…

It’s been an action-packed few days for attendees of the ATD Show 2022, which wrapped up on Saturday

Revenue Procedure 2003-20 provides an optional method of accounting for remanufacturers and rebuilders of motor vehicle parts and resellers of remanufactured and rebuilt motor vehicle parts that use the lower of cost or market inventory valuation method to value their inventory of cores held for remanufacturing or sale. Applies to CAR and TRUCK…

If you use your car in your business, you can deduct car expenses. If you use your car for both business and personal purposes, you must divide your expenses based on actual mileage. Applies to CAR and TRUCK dealers. IRS: Deducting Business Expenses IRS: Business Use of a Car IRS: Publication 463 (2017) IRS: Revenue Procedures…