| Auto Recycling eNewsletter
AutoSalvageConsultant.com |
For immediate release – March 2012
Written and published by Ron Sturgeon, autosalvageconsultant.com, email to rons@autosalvageconsultant.com. To register for future free issues, visit http://www.autosalvageconsultant.com. Don’t forget to watch for our management articles monthly in Recyclers Power Source Magazine, or posted at our web site.
This Month’s News
Wall Street Still Bullish on LKQ Despite Falling Gross Margins: Last quarter LKQ beat the street’s estimates of earnings by two cents and most analysts expect it to show robust growth for the final quarter of its fiscal year. Eight of 11 analysts at the Motley Fool rate the stock as a buy. The Motley Fool data shows a trend of decreasing gross margins and makes for interesting reading for those who track key metrics in their salvage operations. See what Motley Fool thinks of LKQ.
Ron Sturgeon to Lead Peer Benchmarking For Salvage Yard Owners Meetings: “One of the most important decisions that I made as the owner of a salvage operation was to join a peer mentoring group. I was much more successful in my local market because of the ideas that I got from other recyclers at our twice yearly meetings,” says Ron. “I am looking for a few recyclers (one per market) to join a peer benchmarking group. Learn more about how peer benchmarking can help make 2012 your best year yet.” New Groups forming for self-serve operators and for larger salvage operators. Register now.
DOJ Sets Penalty at $1000 Per Vehicle for Not Reporting to MMVTIS: Yikes. The G-men have set the penalty for not reporting all of the info on cars purchased for salvage properly to the National Motor Vehicle Title Information System (MMVTIS). It’s one thousand dollars per infraction, so missing five cars can get you a cool 5k penalty. Here is a list of the factors law enforcement will consider in making final MMVTIS penalty decisions. Hat tip to the Automotive Recycler’s Association.
When Can You Call That Part Recycled? FTC Rulings Affirmed by ARA: The Automotive Recyclers Association has been following the FTC’s rulings on what constitutes recycled as far as auto parts. The news is good. The FTC has recognized that used parts in salvage yards are accurately described as recycled. In a Consumer Alert of July 2011, the FTC stated that “a recycled part is a part that was made for and installed in a new vehicle by the manufacturer or the original equipment manufacturer, and later removed from the vehicle and made available for resale or reuse.” Catch up on the FTC’s position on the use of recycled to describe auto parts on the ARA site.
Unleash the Power of Event Marketing to Grow Your Yard! Event marketing aces Ron Sturgeon and Linda Allen to speak at URG Denver Pinnacle Training Conference in Englewood Colorado on April 13, 2012 and to reveal a few of the secrets that are in their new book 409 Low-Cost Events that Will Produce New Clients for Your Business in Any Economy! Register for the recycler conference or buy a copy of the event marketing book.
Industrial Space for Lease in Ft Worth – Ideal for an Auto Salvage Yard!
For anyone looking to start or expand a salvage operation in DFW, RDS Real Estate has an ideal site at 6725 Oakcrest in Fort Worth, just ten minutes from downtown. It has easy access to I-20, I-30, I-35 and Loop 820. This industrial property comprises approximately 18 acres of land, and is ideal for an auto salvage yard or other use that requires outside storage.
Van Gundy’s Auto Salvage in Grand Junction, CO sold to Nucor Subsidiary: The auto salvage and scrap metal operation at 645 Fourth Avenue has been sold to a Nucor subsidiary according to a story written by the Grand Junction Free Press staff writer Tracy Devorak. The full story on this salvage yard sale.
How’s Business?
“Success – To laugh often and much; to win the respect of intelligent people and the affection of children; to earn the appreciation of honest critics and endure the betrayal of false friends; to appreciate beauty; to find the best in others; to leave the world a bit better, whether by a healthy child, a garden patch or a redeemed social condition; to know even one life has breathed easier because you have lived; this is to have succeeded.” Bessie A. Stanley
AutoSalvageconsultant.com was formed in 2001 to help recyclers improve their businesses. The group has become THE definitive source for recyclers’ management and training needs. The founder, Ron Sturgeon is past owner of AAA Small Car World. In 1999, he sold his six Texas locations, with 140 employees, to Greenleaf. In 2001, he founded North Texas Insurance Auction, which he sold to Copart in 2002. In 2009, his book Salvaging More Millions from Your Small Business was published to help small business owners achieve significant success. Ron consults, speaks, and writes about issues key to successful entrepreneurship. Reach Ron at 817-838-8477 or contact him on www.autosalvageconsultant.com.
