Automotive Industry Jobs on the Rise



If you’re looking for a new job, or a career change, automotive technology can be rewarding. In this edition of Car Coach, YNN’s Lauren Fix has more on the industry.

Parents and students should take a second look at automotive repair. It is a high-tech career that is always in demand, and can’t be outsourced overseas.

Parents, if becoming an automotive technician is not high on your list of career choices for your child, perhaps it’s time to look again. You may consider the automotive industry for yourself as well.

Officials with the nonprofit National Institute for Automotive Service Excellence, the independent group that tests and certifies the competence of auto technicians nationally, notes automotive service and repair has changed dramatically in just the span of a generation.

High-tech systems are now standard equipment on much of the nation’s vehicles, including stability and traction control systems, and adaptive cruise control, just to name a few. And more changes are on the way. Hybrid, plug-in hybrid, electric vehicles, plus Internet connections, voice recognition commands and GPS mapping are some of the new technologies available in economy to luxury models.

Given the advance of technology and a richly varied automotive industry that offers an array of positions and career paths, the future is bright for talented people with math, science, communications and technical skills. Unlike many high-tech careers that require four, six, or even eight years of college, automotive technology careers can begin after just two years of education.

As with any career, lifelong learning and continuing education is necessary, but the simple fact is, students in automotive technology can get out into the real world sooner, and with less college debt.

Moreover, job growth looks strong into the foreseeable future. The U.S. Dept. of Labor’s Bureau of Labor Statistics forecasts that the automotive repair and maintenance industry is expected to add 237,500 new jobs and have a 30 percent growth rate through 2020. That makes technicians one of the top 20 jobs with relatively high median earnings, and the potential for significant job openings over the next decade.

The jobs run the gamut from line technician to service consultant, service director, or store owner. There is work in parts, parts distribution and wholesaling; collision repair, painting, and damage estimating; vehicle maintenance, repair, and performance upgrades.

There is work in technical areas, training, or in management at the corporate level for national franchises, vehicle manufacturers, and private and municipal fleets.

For those whose true calling is in the service bay, it’s far from a dead-end career. Top-notch technicians well versed in computer diagnostics and the latest engine performance and drivability solutions can and do command top-dollar salaries.

If your child prefers to get out into the real world and make his or her mark, consider a career in automotive technology. More than 360,000 professionals hold current ASE certification.

(Special thanks to Brian Culligan and Northtown Auto Group)

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09 Shanghai International Automobile Industry Exhibition

09 Shanghai International Automobile Industry Exhibition

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Posted by froglike on 2009-04-26 04:29:24

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RV Financing Frequently Asked Questions

It’s that time of the year again, when many people are considering purchasing an RV. When I was a sales manager and finance manager for an RV dealership I would get asked lots of questions about financing RV’s. I organized some of these questions and included them in the RV financing section of my book, “The RV Book”. Here is an excerpt from my book on RV financing FAQ.

Will one RV lender offer better interest rates than another RV lender?

Interest rates change frequently. If the prime rate goes up RV finance rates will go up too. RV lenders send updated rate sheets to RV dealers whenever their finance rates change. RV specialty lenders watch each other closely and if one lender lowers rates the other lenders will generally follow suit. They will usually stay within a quarter to a half point of each other.

Are there other factors that will determine what interest rate I get?

Yes, there are several factors that will determine the rate you get.

1) It depends if the RV is new or used. A used RV (normally over 3 or 4 years old) will get a higher interest rate than a new RV.

2) Your down payment will affect your interest rate. If you finance the RV on a zero down program the interest rate will be higher.

3) The term of the loan will affect the interest rate. The shorter the term the higher the rate, the longer the term the lower the rate.

4) The amount financed will affect the interest rate. The lower the dollar amount the higher the rate, the higher the dollar amount the lower the rate.

5) Your credit history (credit rating or score) will affect the rate. The higher your credit score is the lower the interest rate will be.

Should I shop around for a better rate, or will the rate a dealer offers be the best rate I can get?

You should be aware of what the current rates are for RV loans, and based on the criteria listed determine if you are getting the best possible rate you can get. If you think you qualify for a lower rate, by all means try securing a better rate elsewhere. There are several RV specialty lenders on the internet that would like your business and will offer competitive rates. Do not however let too many lenders run a credit check on you to try and get a lower rate. This can backfire so be selective about who, and how often your credit is being checked.

Can you explain more about financing an RV with no money down?

There are usually a couple of RV lenders that will offer no money down finance programs. These programs will have certain guidelines to qualify. The type of RV, dollar amount, term of the loan and your credit rating can all factor into these types of programs. The finance rate will usually be higher too.

What length of term