October 2014

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The Locator Magazine

GM To Move Cadillac Headquarters To New York

General Motors (GM) reported it plans to move its luxury branch out of Detroit and into New York. It was also reported that Cadillac will be operated as a separate business from GM. The move will take Cadillac to the trendy SoHo area of New York City in 2015.

Honeywell Projects 49 Million Turbocharged Vehicle Sales By 2019

Strict global emissions regulations are one reason behind a projected $12 billion turbo automotive industry by 2019. Honeywell Turbo Technologies, a Fortune 100 diversified technology and manufacturing leader (www.honeywell.com), released its Global Turbo Forecast that estimates the industry will equip 49 million vehicles with turbochargers annually by 2019.

Get Used Parts Launches A Facebook Search App

With a user base that’s growing exponentially, Facebook is, undoubtedly, a consumer gold mine for businesses. The Get Used Parts Facebook Search App uses this to an auto recycler’s advantage by providing an avenue to display used auto parts inventories in a space consumers already occupy; therefore creating a solution for automotive needs at the center of online activity. This makes a company’s service convenient to a consumer that expects instantaneous answers. Making a business more available to the consumer will yield high returns in the long run as the opportunity for repeat business and referrals arise.

SEMA Study Shows Specialty-Equipment Products Sales Reached $33 Billion in 2013

The number, $33 billion sold, represents a 6.7 percent increase over the previous year and marks the fourth consecutive year of growth, according to the SEMA Annual Market Study that is available at www.sema.org/2014samr.

Nucor To Acquire Gallatin Steel

Nucor Corporation, the largest metal recycler in North America, announced it will purchase Kentucky-based Gallatin Steel Company, (www.gallatinsteel.com) for approximately $770 million ($630 million after adjustments of anticipated tax benefits).

Team PRP Can’t Endorse PartsTrader

Team PRP (Premium Recycled Parts) has announced it has fully endorsed the use of eProcurement mechanisms to automate and add efficiency to the procurement of OEM recycled auto parts, but it cannot endorse the PartsTrader program in its present configuration, the group stated.

Ideal Situation

In recent years I have noticed an ever increasing number of repair estimates that reflect exorbitant prices for used auto parts. This situation exists in clear and detailed form on each repair estimate and it is time we analyze the data.
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