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INDUSTRY NEWS


Nation's Largest Car Wash Chain, Mister Car Wash, Acquired by Leonard Green & Partners
Mister Car Wash
Mister Car Wash, the largest car wash chain in the United States, was acquired Aug. 21 by Leonard Green & Partners LP, one of the nation’s preeminent private equity firms, announced Mister Car Wash’s president and chief executive officer, John Lai.
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Study: Recalls have little to no impact on residual values
Automotive News
In a record year for vehicle recalls, lenders have a rising number of recalled cars and light trucks in their portfolios of auto loans and leases. Not to worry, says a study by Black Book Lender Solutions. The study found that recalls have almost no effect on vehicle depreciation rates. Even widespread recalls with major press coverage had little to no effect on residual values, which represent the value of a used vehicle.
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Gilbert, Arizona, gas station and car wash sells craft beer, cigars, more
The Arizona Republic
The gas station at the northeastern corner of Warner and Gilbert roads in Gilbert, Arizona, doesn't look much different from other stations in the area. Even the name on the building, Quick N' Shine, doesn't give much of a clue to the treasures it holds. But rather than a simple convenience store with the usual snacks, sodas and cases of cold beer, the 4,500-square-foot station is jammed with more than 1,000 varieties of beer, thousands of bottles of wine, high-end spirits and fine cigars.
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Become more visible and rule local search results
Small Business Trends
Attention business owners — it's high time to learn how you can make your company website more visible in the local search results. Even though local search has been around for some time now, many local business are sorely lacking in this area of online marketing. True, it is not an easy process. Each local search engine has different requirements for claiming listings and a different set of rules as to what you can and cannot do in updating and optimizing your local profiles.
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Bubble Bath planning newest store in San Antonio, makes bike donation
San Antonio Business Journal
The Bubble Bath Car Wash recently donated 49 bikes and helmets to The Children’s Shelter to help abused children under the care of the shelter have a little joy as they work to heal from the traumatic events of their pasts. Bubble Bath Car Wash, a Hispanic family-owned and operated small business in San Antonio, donated the bikes and helmets as part of its 2014 philanthropic campaign benefiting The Children’s Shelter.
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FEATURED ARTICLE
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Study: Recalls have little to no impact on residual values
Automotive News
In a record year for vehicle recalls, lenders have a rising number of recalled cars and light trucks in their portfolios of auto loans and leases. Not to worry, says a study by Black Book Lender Solutions.

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Employee compensation — What you need to know
Auto Laundry News
It has been a common practice in the detail business to pay employees "by the car." This means a certain price to detail the entire car, treating the employee like a subcontractor, paying no taxes, and providing no workmen's compensation insurance. The only reason operators have gotten away with these practices was because nobody was watching.

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The truth in credit card processing!
SWYPIT
So, you have done your research and you think you have the best deal for accepting credit cards. You have signed up, you are processing for a few months and you realize when you look over your statement that it’s not what you were told or thought it would be.

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Women small-business owners struggle to get loans
The Associated Press via NorthJersey.com
Women are a growing force in the business world, but if they own a company, they may still struggle to get a loan from a bank. Carrie Charlick and Marcia Cubitt have $4 million in sales but have been rejected for $500,000 credit lines since 2012. Their 11-year-old company, Essential Body Wear, sells women's underwear at parties at customers' homes. That's a problem for bankers, Charlick said. Because the business, based in the Detroit suburb of Commerce Township, doesn't have a traditional structure and sells directly to the public rather than retailers, banks keep saying no.
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California close to TPMS legislation
Tire Review
The California state Legislature passed AB 1665, a bill that will require “an automotive repair dealer that repairs tires or changes tires shall be capable of diagnosing and servicing a tire pressure monitoring system in accordance with industry standards if the vehicle is manufactured with the device.” The bill, which will be enforced by the California Department of Consumer Affairs’ Bureau of Automotive Repair, was approved on Aug. 20 in a 75-2 vote. It now awaits the governor’s signature.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    The truth in credit card processing! (SWYPIT)
Employee compensation — What you need to know (Auto Laundry News)
Mike's Carwash splitting in 2 (The Indianapolis Star via Professional Carwashing & Detailing)
Greenville, Texas, slated to settle lawsuit over car wash (Herald Banner)

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Survey: US gas prices down 4 cents per gallon
The Washington Post
The average U.S. price of gasoline has dipped 4 cents per gallon in the past two weeks, and prices in California have fallen 5 cents in the same time period. According to the Lundberg Survey released Aug. 24, the average nationwide price for a gallon of regular is now $3.48 — 8 cents below what it was a year ago. The average price for midgrade gasoline is $3.69, and premium is $3.84.
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Break the ice with these team-building lessons from the
ALS Ice Bucket Challenge

By Brie Ragland
For those who are unfamiliar with the ALS Ice Bucket Challenge, its genius lies in the simplicity of the concept. Basically, you challenge people you know to pour a bucket of icy water on their heads or donate $100 to the ALS Association — all in an effort to generate support and awareness of the fight against amyotrophic lateral sclerosis, better known as Lou Gehrig's disease. At first glance, it may seem as though this type of challenge does not fit with your business model or coincide with your business plan. However, given a second glance, there are definite lessons to be learned here.
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Increased demand hampers Broken Arrow, Oklahoma, water conservation situation
Broken Arrow Ledger
A high concentration of algae in the Verdigris River is affecting production at the Verdigris River Water Treatment Plant. Because of the algae problem, the plant is pumping treated water at a reduced capacity. Essentially, the plant is sending less treated water into the City of Broken Arrow, Oklahoma, for customers to use. This situation is compounded by increased demand due to the weather. Therefore, residents and businesses are asked to significantly limit outdoor water usage such as watering lawns or filling swimming pools until a later date.
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SCWA Today
Colby Horton, Vice President of Publishing, 469.420.2601
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