Additionally, having a surety bond gives your dealership credibility to both your customers and the appropriate agencies in your state. Depending on where you work and what kind of dealership you plan to operate, you might need to file one of many different auto dealer bond types.Some common ones include: 1  DMV bonds.2  RV bonds. 3  Motorcycle dealer bonds. 4  Used car dealer bonds.epending on where you work and what kind of dealership you plan to operate, you might need to file one of many different auto dealer bond types. Some common ones include: 1  DMV bonds. 2  RV bonds. 3  Motorcycle dealer bonds. 4  Used car dealer bonds.
Hotrod & Restoration interviewed a sample of shops in each of the following sectors of the automotive industry, uncovering their average hourly labor rates: Builders/Restorers/Fabricators: $61 per hour. Engine builders: $72 per hour. Machine Shops: $70 per hour.
Effective Labor Rate Effective Labor Rate â This basically is your total labor sales, or individual techâs labor sales, divided by the billed hours by the team or individual tech. For example, your shop labor rate is $80, Technician A bills 36 hours and generates $2,380 in labor sales. Take the $2,380 in labor sales, then divide by the 36 hours and you get $66.11 as an effective labor rate. You col-lected 82 percent of your door rate. At 100 percent of your door rate, the total tech labor sales should have been $2,880. I know some of you are saying that you have heard a different definition for effec-tive labor rate. That might be true, but we