Regular Blog Posts and Industry-Related News
2023 has brought rising prices in industries across the globe. Industries and companies have had to adapt to changing prices in unprecedented ways. According to historical data the overall US inflation rate in 2022 was 8%, the highest it has been since 1981! It’s been felt at the grocery store, across retail stores, and across industries, and equipment is not immune to these changes in pricing. It is important for equipment dealerships and rental companies to adapt their prices to respond to these changes to stay on type of their own costs.
As the shopping preferences of consumers and businesses continue to evolve as we move forward in the post pandemic world, trends show that the need for digitization is at a peak for the equipment dealership industry. In the end of 2021, AED and McKinsey conducted a survey of dealership executives from AED’s nearly 500 dealership groups regarding their insights into industry trends.
As we near the end of 2022, we know that businesses everywhere are making their final purchase decisions for the year and finalizing budgets for next year. We gathered some information on Section 179 of the IRS tax code, which allows businesses to make deductions of the full purchase price on items such as equipment or software. It is our goal to educate our newest customers and anyone who will sign by the end of the year on this tax incentive so you can take full advantage. We do recommend however, that you speak to your accountant for the specifics of your situation.
Our team returned home from Evolve 2022 a few weeks ago with so much renewed and continued passion for our customers, product, and partners. We really enjoyed being with all of you in person in San Antonio, for our largest in person Evolve Conference ever! We are so thankful to all of you who stayed with us for our virtual Evolve Conferences in 2020 and 2021, but for us, nothing is better than face to face time with you, our customers. We had a sold out conference with 150 attendees representing our customers, e-Emphasys employees and partners.
Are you building an online presence for your construction dealership business, material handling equipment dealership business, heavy truck dealership business, or other equipment dealership business? Whether you’re completely new to ecommerce or a seasoned pro, it is helpful to learn and refresh some best practices for ecommerce for your equipment dealership. In today’s blog post, we are offering you some suggestions to help you optimize your ecommerce experience for your customers, to make sure you are making the most of your sales opportunities.
The heavy equipment industry has seen recent trends towards consolidation. Across industries, businesses are achieving successful M&A with the utilization of digital transformation platforms. In a recent customer survey, feedback shows that approximately 70% of e-Emphasys customers have grown their number of locations through M&A since going live on the platform.
With the current supply shortages reducing the inventories of new equipment, equipment dealers are finding that used equipment is currently the best alternative. We have put together some strategies and best practices to help you optimize your used equipment sales process to reach new customers and re-engage with prior customers.
The past several years have seen major disruptions to supply chains across the globe. The Heavy Truck industry has been no exception due to the impact of lack of OEM inventory, inflation, lack of skilled labor, and more. Technology cannot make up for all of these shortages, but it can help your dealership to manage proactively in times of uncertainty. You need industry partners that can help you respond to these trends and compete for sales, rentals, and leases, while strengthening your business. e-Emphasys Dealer Management System is a modern end-to-end, digital transformation platform designed for the heavy equipment and trucking industry.
The e-Emphasys team based in the Cary, NC headquarters kicked off summer 2022 with a trip to the Durham Bulls Athletic Park. We enjoyed spending time with our team-members and their spouses and partners as the Bulls took on the Gwinnet Stripers on Friday, May 13. Everyone had fun reuniting over hot dogs and kettle corn in person with coworkers after two years of working from home, and the home team won! We are proud to host events like these for our teams as we promote our culture of respect, teamwork, and fulfillment at e-Emphasys. We look forward to future events with our team!
Mobile Service technicians across the industry are constantly on the move, traveling to job sites to meet the needs of your customer base. We know your technicians are incredibly busy keeping track of job details, where their calls are located, how to get there, and the time in between. Rarely do they have time to keep notes of the calls or updates to equipment during or in between the service calls, meaning they must wait to get back to the office to document the information and send invoices.
