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Aftermaeket

The aftermarket industry is the service sector economy which is very complex to predict as it exhibits high degree of uncertainty. There are billions of spare, replacement & performance parts linked with the industry. In definition aftermarket brings in scope of activities after the new automobile has been sold initially. Along with original equipment manufacturer […]

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Automotive Parts

There are a 13 different automotive manufacturers present in the United States namely Ford, GM, Chrysler, Toyota, Honda, Nissan, Hyundai-Kia, Mercedes Benz, BMW, Volkswagen, Mazda, Mitsubishi, and Subaru together they producre an average of over 8 million passenger car annually. The industry together with dealership and suppliers account for 3.5% of US gross domestic product. […]

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Untitled

The margins of automotive industry is experiencing law of marginal utility and declining returns. With very high competition in the global market; manufacturers and distributors are competing in a very tight situation. The aftermarket services are giving some hope of new revenue generation to the dealers and manufacturers. With increase in average age of vehicle […]

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Targeting the electric and hybrid vehicles segment General Motors and Honda have jointly pledged $85 million as investment into plans for producing compact next generation hydrogen based fuel cell stack. The investment will materialize a production line at GM’s battery pack unit in Michigan. The GM plant is already under production; and the joint venture […]

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  The aftermarket industry has been introduced to online service providers; online sales are experiencing an upward trend for sake of convenience and for conducting presales research of replacement parts and accessories for consumer to make informed decision and meaningful use.  The online service providers offer quick access to the consumer of the replacement parts […]

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Automotive Aftermarket

According to Grand View Research Inc. the global automotive aftermarket is projected to reach USD 486.36 billion by 2025. In the component manufacturing the advanced technology incorporations and digitalization of repairs and component sales are expected to boost the market. With rise in usage of semi autonomous & autonomous, hybrids and electric cars will bolster […]

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Automotive Aftermarket

The Automotive aftermarket is a secondary market of the automotive market after the sale has been made. It is concerned with manufacturing, remanufacturing, retailing, distribution, chemicals, vehicle replacement parts, equipments and accessories after the vehicle has been sold by the OEM to the consumer. The parts may or may not be manufactured by original equipment […]

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According to Capgemini what’s happening in the emerging markets like Eastern Europe, Russia, China and India & established markets like North America and Western Europe decides the basis of the global market. With flat sales in Western Europe and increasing importance of emerging markets; the global aftermarket industry is expected to see significant change. Emerging […]

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ACES & PIES

By December 29, 2016 AAIA, ACES, PIES

ACES, Aftermarket Catalog Enhanced Standard is a North American standard for management and exchange of vehicle application data. The standardized data base forms the base for the aftermarket information system; these normalized formats contain critical configuration data of the vehicle and communicate with the industry as to which part fits which vehicle configuration. Standardizing product […]

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Auto

According to Hedges & Company, in 2016 the total online aftermarket sales were estimated to hit $7.4 Billion in online sales for the auto parts segment. Online sale for 2017 is projected at $8.4 billion and is estimated to break a $10 Billion mark in 2019 in the aftermarket segment. Amazon is one of the largest […]

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