Lube and tire shops are struggling because we’re too nervous
America's cars are aging, but auto parts companies and service centers say economic pressure is causing owners to put off repairs go through Chris Chilton 1 hour ago The average age of cars on U.S. roads has increased, but auto parts and repair centers are actually losing revenue. Aftermarket companies say owners of older cars are postponing repairs due to a shortage of disposable income. Valvoline and Monro have both seen recent share price declines after experiencing downturns in 2024. Americans feeling inflation, high interest rates and other pressures are buying fewer new cars. That's bad news for automakers and dealers, but surprisingly it doesn't translate into good news for the aftersales business, which helps keep our increasingly aging cars on the road. After investigation wall street journal It was emphasized that the average age of passenger cars in the United States today is 13.6 years, compared with only 8.4 years ago. New cars come with brand new, high-quality tires,…
Nissan struggles with sales, asks nervous dealers to be patient
Nissan's U.S. sales have dropped 26% in the past decade, and dealer profitability has also plummeted December 3, 2024 18:35 As bad news dominates the headlines, Nissan is trying to reassure frustrated U.S. dealers. The company said in a memo that it is developing a turnaround plan to drive sales and improve stability. U.S. sales are down significantly, but dealers have a variety of new models to look forward to. Nissan is asking its U.S. dealers to be "patient and understanding" as it faces many headwinds. These issues have been at the forefront of discussions recently, with a senior official reportedly saying that the company "can only survive 12 or 14 months" without new investors. These are shocking statements, and dealers are understandably anxious. In an effort to calm their nerves, Nissan Americas Chairman Jérémie Papin reportedly sent a letter on November 30 to address the issue. More: Nissan cuts U.S. production 17% to survive The memo was seen automotive…
Manhart just built an M240i that makes the M2 nervous
The low-powered version of the M2 has been engineered to be faster with new tires and a lower-to-the-ground body. September 18, 2024 17:51 Manhart has added something new to the BMW M240i, giving it a configuration comparable to the M2. The revised engine produces 434 horsepower, but can be made higher if needed. The tuner has provided a ton of aerodynamic and chassis upgrades, along with a wild set of decals. The BMW M2 has always been an absolute hit with tuning enthusiasts, and the base 2 Series Coupe has been forgotten. Manhart has unveiled a heavily modified M240i that brings it closer to a full-fledged M2 than ever before. The conversion kit was previewed via renderings back in 2021, but this is the first time we’ve seen a real example of the Manhart MH2 450. MORE: 705-hp Manhart MH2 GTR II shows BMW how to build an M2 Thanks to the MHtronik powerbox, the turbocharged 3.0-liter six-cylinder engine has…
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