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BEGIN:VEVENT
DTSTART:20210421T000000Z
DTEND:20210421T013000Z
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SUMMARY:MWACA eXchange | Vin Waterhouse | "Labor Intensive & Diagnostic Labor Rate"
DESCRIPTION:Labor Intensive & Diagnostic Labor Rate\n\n with Vin Waterhouse\n\n \nBetter vehicle quality means many shops enjoy less profit per vehicle. \n\nWe sell less parts per driven mile. Parts last longer than on vehicles\n\nof the past.  There was a time when vehicles reached 100\,000 miles they\n\nwere scrapped. Today\, It is not uncommon to work on vehicles with \n\n200\,000 miles plus.\n\n \n\nResearch shows Internal combustion engine vehicles (ICE) \n\nhave 28-30\,000 parts counting every nut\, bolt\, rivet etc. The average \n\nelectric vehicle ( EV) has about 7-10\,000 parts.  As our industry morphs\n\ntoward electric vehicles shops will sell 2/3rds less parts per vehicle. \n\nShop expenses continue to rise so the time to act is now. Last year 54%\n\nof vehicles sold in Norway were electric.\n\n \n\nCarpenters\, electricians\, plumbers\, accountants and attorneys don't sell \n\nany parts\; they make all their profit in labor alone and so can you. \n\n \n\nWith formula based labor rates you can sell your parts at cost and \n\nmake your full average combined gross profit per billed hour. Many\n\nhave increased their profit by $3-$4\,000 per month using Labor Intensive\n\nand Diagnostic labor Rates.
X-ALT-DESC;FMTTYPE=text/html:<b style="color: rgb(0\, 0\, 0)\; font-family: &quot\;Lato 2&quot\;\, sans-serif\; font-size: 14px\;"><span style="font-size: 12pt\; font-family: Arial\, sans-serif\;"><span style="font-size:18px\;"><span style="font-family:arial\;">Labor Intensive &amp\; Diagnostic Labor Rate</span></span></span></b><br />\n<span style="font-size:16px\;"><span style="font-family:arial\;">&#8203\;with Vin Waterhouse</span></span><br />\n&nbsp\;\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">Better vehicle quality means many shops enjoy less profit per vehicle.&nbsp\;</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">We sell less parts per driven mile. Parts last longer than&nbsp\;on vehicles</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">of the past.&nbsp\; There was a time when vehicles&nbsp\;reached 100\,000 miles they</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">were scrapped. Today\, It is not&nbsp\;uncommon to work on vehicles with&nbsp\;</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">200\,000 miles plus.</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">&nbsp\;</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">Research shows Internal combustion engine vehicles (ICE)&nbsp\;</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">have 28-30\,000 parts counting&nbsp\;every nut\, bolt\, rivet etc. The average&nbsp\;</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">electric vehicle ( EV) has&nbsp\;about 7-10\,000 parts.&nbsp\; As our industry morphs</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">toward electric vehicles shops will sell&nbsp\;2/3rds less parts per vehicle.&nbsp\;</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">Shop expenses continue to rise so the time to act is now. Last year 54%</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">of vehicles sold in Norway were electric.</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">&nbsp\;</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">Carpenters\, electricians\, plumbers\, accountants&nbsp\;and attorneys&nbsp\;don&#39\;t sell&nbsp\;</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">any parts\; they make all their profit in labor alone and so can you.&nbsp\;</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">&nbsp\;</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">With formula based labor rates you can sell your parts at cost and&nbsp\;</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">make your full average combined gross profit per billed hour. Many</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">have increased their profit by $3-$4\,000 per month using Labor Intensive</span></span></div>\n\n<div style="color:rgb(0\, 0\, 0)\;font-family:Lato 2\, sans-serif\;font-size:14px\;"><span style="font-size:14px\;"><span style="font-family:arial\;">and Diagnostic labor Rates.</span></span></div>\n<br />\n<span style="font-size:14px\;"><img alt="" height="288" src="https://chambermaster.blob.core.windows.net/userfiles/UserFiles/chambers/9124/Image/2021MWACAeXchange8.png" style="width: 550px\; height: 288px\;" width="550" /></span><br />\n&nbsp\;
LOCATION:
UID:e.9124.1260
SEQUENCE:3
DTSTAMP:20260407T113225Z
URL:http://mwaca.memberzone.com/events/details/mwaca-exchange-vin-waterhouse-labor-intensive-diagnostic-labor-rate-1260
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