Dealerships can make a lot of money in the Automotive Aftermarket

Despite recent sales declines, the automotive aftermarket is expected grow strongly due to regulations that discourage driving and lower car density. Vehicle collisions in Seattle and San Francisco have dropped by up to 50% in the past two years, according to estimates. Similar trends can be seen in Europe. The strong performance in China, the largest market for automobiles, could mask the effect of the slowdown elsewhere. Should you have virtually any issues concerning in which as well as tips on how to employ Toyota Car Mats, you possibly can e mail us on the web site.

The automotive aftermarket industry is a competitive and diverse industry. This industry includes independent manufacturers, distributors and marketers, retailers, as well as auto repair shops. Over 4,600 companies operate in this market, which has an estimated 280 million vehicles. Canada also has around 23,000 repair shops for automobiles. This diversity and competitiveness are driving innovation and growth in the automotive aftermarket.

Dealerships can make a lot of money in the Automotive Aftermarket 1

The automotive aftermarket is being transformed by e-commerce. Many consumer and business brands have already moved to online parts shopping. These players are likely to offer an omnichannel model similar to retailers. Increased affinity for buying online may create opportunities for new service options and business models in the automotive aftermarket. Below are some examples of how the automotive industry can benefit from e-commerce. These trends will allow you to explore the latest trends within the automotive aftermarket.

Automotive aftermarket is a huge business for both car dealers and manufacturers. Recent estimates indicate that U.S. lightduty automotive parts will exceed $290 billion by 2021. This will continue to grow due to increased awareness regarding scheduled vehicle servicing. E-commerce platforms are increasing product availability, and service providers are expanding their distribution network to meet industry demands. In fact, the automotive industry is expected to grow at 4% per annum.

The automotive aftermarket includes parts and accessories as well as upgrades and modifications for automobiles. The most common aftermarket purchases include wheels and tires as well as suspension upgrades and body armour. This category includes accessories like auxiliary lighting, recovery gear and storage. The growing importance of navigation and protection is also evident in the emerging field of overlanding. New bumpers and side steps/running board have become very popular aftermarket upgrades. According to the Specialty Equipment Market Association, blacked-out interiors are also a growing trend.

The automotive aftermarket employs more than four million people in the US, and includes auto parts manufacturers, car dealerships, wholesale distributors, and auto tire stores. This industry will see a 5% decline in the number of jobs. Despite the slowdown, it is estimated that personal automobile parts consumption will increase by 8% before 2020. In 2022, visit the up coming internet site entire aftermarket market will generate $439 million.

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