Key Stats to Know About the Automotive Aftermarket

Published on: 12 March 2019 Last Updated on: 30 March 2024

Riding on the back of the booming Italian and US auto markets and the development of autonomous vehicles, the global automotive aftermarket industry is progressing

After over 10 consecutive years of growth following the global economic depression of 2008, the global automotive aftermarket reveals interesting data from the automotive industry. Let’s see together what the state of the global automotive aftermarket is and the various future projections.

The automotive aftermarket: 2018 in review:

The year 2018 for the global aftermarket ended positively. According to data processed by the ANFIA Components Group, the turnover of the spare parts increased by 0.8% last year compared to 2017.

Looking at the performance of individual product families in Italy, 4 out of 5 have a positive trend. The body and interior components had significant increase while in 2017, they had remained substantially stable. This was followed by increases in electrical and electronic components which recorded the greatest contraction in the previous year.

The only parts with a negative sign in 2018 is that of engine components (-7.9%), which worsens its performance compared to 2017, when it had closed at -0.2%.

Analysts point out that the two-figure increase recorded by the family of body and interior components. In this case, one can link to the fact that the renewal of the Italian fleet, which has now reached a median age of almost 11 years for passenger cars, proceeds slowly. According to them, this helps to ensure some continuity in maintenance work for older vehicles.

You Must Know about the Aftermarket review in 2018:

On the family of electrical and electronic components, researchers must say that, the increasingly central electronics and telematics had great roles to play here. While on the one hand, they have contributed to reducing the margin of human error in maintenance and repair operations. The electronics and telematics aftermarket offer products that are more reliable and safe. This market has also increased the sale of spare parts of this type and the maintenance and repair interventions on increasingly complex components.

On the other hand, the decrease in the turnover of the engine components can be attributed in general terms. According to ANFIA, to the fact that the increasingly high level of quality of the components of the car, guarantees an extension of the average life. This, for complex systems such as the engine system, means that no replacement or repair work is necessary without major failures.

Aside from the above information, there are hundreds of other trends and statistics to consider when it comes to the automotive market. Let’s take a look at them, shall we?

Trends and statistics in the global automotive aftermarket:

1. In the last decade, the average usage of the vehicle fleet in the US has increased by about 17%

2. The length of use of new and already used vehicles over the last decade has increased by 60%

3. While 25% of the auto spare parts repair is handled by dealerships, 75% is done by independent repair shops.

4. 56% of automotive decision-makers predict a 30 to 50% decrease in the number of physical outlets by 2025, according to KPMG. As is with virtually all merchandise around the world, the automotive aftermarket industry is going electronic (online) and its marketplace is evolving. Parts and even repair services are being sold and offered online.

Additional trends and statistics in the global automotive aftermarket:

5. The irruption of the autonomous vehicle into the public space would offer more flexibility and profitability for all stakeholders. For example, 43% of respondents in a study conducted by KPMG say that current vehicle owners no longer plan to own the traditional car by 2025.

6. One can’t expect the demand for diesel engine replacement to thaw out quickly. Although diesel has become politically and socially unacceptable in many countries, the use of this fuel remains technologically and economically relevant for 50% of decision-makers worldwide. This figure even increased by 3 points in 2017 and illustrates the uncertainties that manufacturers face in this transition period.

7. As the world continues to anticipate the mass production of autonomous vehicles, the market is bracing up for an increase in demand of auto cooling systems such as the small AC compressor offered by Rigid for electric vehicles and car cabins. According to a report by Transparency Market Research, the automotive cooling system market will exceed $64b by 2026. During the period of forecast, the CAGR is expected to expand over 4%.

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How To Negotiate The Best Deal When Selling Your Car For Cash In San Diego?

Selling your vehicle for cash in San Diego can be straightforward and profitable, provided you approach the process with preparation and knowledge. Knowing how to negotiate effectively is key to securing the best possible deal. It starts with understanding the value of your used car and involves a series of strategic steps, from setting a competitive asking price to handling potential buyers' offers with confidence. To get cash for your junk car in San Diego you need to ensure that your vehicle stands out in San Diego’s competitive market. It's critical to get it in prime condition before listing it for sale. This could mean investing in minor repairs or ensuring it's clean and presentable. Then, when executing the deal, clear communication and a firm grasp of your car's worth are indispensable. The better equipped you are with information and negotiation tactics, the more likely you will walk away with a satisfying cash deal. Preparing Your Vehicle for Sale Before listing your car for sale in San Diego, it's crucial to prepare it properly to secure the best possible deal. This involves accurately valuing your car, having the right documentation, making necessary repairs and improvements, and presenting your vehicle effectively. Determining the Value and Asking Price To establish a fair price for your vehicle, check its market value through trusted valuation guides. These resources can provide a good estimate based on your car's make, model, and condition. For example, a Mini or a Ford will differ in valuation from an Audi or a Honda due to factors like brand reputation and demand in San Diego's car market. Vehicle History and Documentation Ensure you have a comprehensive vehicle history report, including a record of all inspections, the VIN, and the license plate number. This report benefits potential buyers and can help you justify your asking price. Collect all necessary paperwork, including service records and warranty information, which reflects the value of your vehicle. Making Repairs and Improvements Before selling, examine your car for needed repairs and decide which improvements are cost-effective. Even small maintenance on a Ford or Honda can significantly impact the value of your vehicle. Likewise, investing in key replacements or fixes for premium brands like Mini or Audi can justify a higher asking price. Detailing and Presentation A well-cleaned and detailed car can make a powerful first impression. Take quality photos from multiple angles and write a detailed description of your vehicle, highlighting its features and upgrades. Remember to have your car's interior and exterior cleaned thoroughly; a spotless presentation can help you secure a fair price. Executing the Sale When selling your car in San Diego, you want the best deal in as little time as possible. Stay focused on these steps to ensure a smooth and successful transaction. Negotiation Techniques To negotiate effectively, set a realistic price based on your vehicle's condition and market value. When offers begin to come in, don't jump at the first one. Use it as a baseline to gauge future proposals. Always remain calm and assertive during the negotiating, and don't be afraid to counteroffer if the price doesn't meet your expectations. During the test drive, highlight the car's best features and be transparent about its history to instill confidence in the buyer. Closing the Deal Once you and the buyer have agreed on a price, it's time to close the deal. Ensure all the necessary paperwork, like the vehicle title and a bill of sale, is in order. If you opt for a direct deposit, confirm all financial transactions are completed before handing over the keys. Buyers often appreciate clarity and efficiency at this stage, so prepare everything to finalize the sale promptly. Alternatives to Private Sales While private sales can offer more money for your vehicle, they aren't the only route. Consider selling to an online retailer or a car dealership. These options can save time by avoiding the haggling in private sales. If you're interested in quick, hassle-free options, consider services that get cash for your junk car in San Diego, which often includes free pickup and immediate cash offers. When considering a trade-in, understand that the trade-in value may be less than selling privately, but it can be a swift and straightforward process. Conclusion Key Takeaways Understanding your car's value sets the stage for effective negotiation. Preparing your vehicle for sale can significantly increase its appeal. Clear communication and firmness during sale execution are vital for the best deal. To secure the best deal when selling your car for cash in San Diego, ensure you understand the market value of your vehicle and have it in prime condition before listing. Be strategic in negotiations, and remember that a well-informed seller is equipped for success. Patience and preparedness will serve as your best tools in achieving a favorable sale. Read Also: 5 Different Types of Car Accident Claim How To Prepare For Massachusetts Car Shipping How Car Leasing Works And What To Expect

Safe Drive Save Life: 7 Ways To Improve Your Truck Driving Skills

Truck accidents are common in our society. While on the road, no one is safe, but that does not mean you will commit accidents randomly. There needs to be a solution to it. The more you indulge yourself in truck driving training from go4cdl.com, the better you can handle precautions with your experience, and the more you will be able to ensure safety protocols with better driving skills. However, it is not fully on your driving skills, but mostly, your skills can save you on the road. At least taking care of your things and managing your responsibilities properly on the road will help you stay internally satisfied. If you are a truck driver or associated with it, never ignore the driving skills and their importance. Here, we will focus on your truck driving skills and the things that can be taken care of easily while on the road. From reflection skills to motivation, everything comes on stage while driving. So, keep reading, and don't miss any tricks! Understanding The Difference In Driving Between Trucks And Passenger Vehicles Driving a truck is quite different from driving a passenger vehicle. The size, weight, and handling of a truck make it a unique driving experience that requires specialized skills and knowledge. In this article, we'll explore the key differences between driving a truck and driving a passenger vehicle so you can better understand what it takes to operate a large commercial vehicle on the road. Trucks are much larger and heavier than passenger vehicles. A typical passenger car weighs between 3,000 and 4,000 pounds, while a loaded truck can weigh up to 80,000 pounds. This means that trucks require more space to maneuver, longer distances to stop, and a greater awareness of the surrounding environment to avoid collisions. Additionally, trucks have a higher center of gravity than passenger vehicles. This makes them more prone to tipping over, especially in sharp turns or on uneven terrain. Drivers of trucks must be aware of their vehicle's limitations and adjust their driving accordingly. However, trucks require more time and distance to accelerate, decelerate, and come to a complete stop. This means that truck drivers must anticipate changes in traffic and road conditions well in advance and adjust their speed accordingly. Additionally, trucks often have larger blind spots than passenger vehicles, so drivers must be extra cautious when changing lanes or merging onto highways. Also, driving a truck requires specialized skills and knowledge different from driving a passenger vehicle. Understanding the differences between the two types of vehicles can help you become a safer and more competent driver on the road. Tips To Enhance Truck Driving Skills Driving a truck can be a challenging and demanding profession. As a truck driver, you are responsible for ensuring timely deliveries while keeping yourself and others safe on the road. To excel in this profession, having excellent driving skills and knowledge of the industry is crucial. Here, we will discuss some tips and techniques to help you enhance your truck driving skills and become a more skilled and confident truck driver. 1. Improve Your Focus To improve your truck driving skills, focusing on the road and your surroundings is essential. Being alert and attentive can help you react quickly to any unexpected situations while driving. Taking breaks and getting plenty of rest can also help improve your focus and concentration on the road. Regular exercise and a healthy diet can also contribute to better mental clarity and focus, which can ultimately translate to safer and more efficient truck driving. 2. Follow Traffic Laws Following traffic laws is crucial to ensuring safe and efficient truck driving. Not only does it help prevent accidents, but it also helps reduce traffic congestion and ensures the timely delivery of goods. As a responsible truck driver, it is your duty to follow all traffic laws and regulations, including speed limits, traffic signals, and road signs. By doing so, you protect yourself and others on the road and contribute to a smoother, more reliable transportation system. 3. Improve Your Reaction Skills To Hazards On The Road If you want to ensure safe truck driving, it's important to improve your reaction skills to hazards on the road. Quickly and effectively responding to unexpected situations can make all the difference in preventing accidents and keeping yourself and others on the road safe. Practice defensive driving techniques and stay alert at all times to be better prepared for any potential hazards that may arise. The same applies when driving a car. Otherwise, an accident is likely to occur. When facing a car accident claim in Oklahoma City, it is also crucial to document your appropriate reaction to road hazards with a lawyer’s guidance. But don’t wait for an accident to arise. Whether you’re driving a car or truck, ensure to install a dash camera to record continuous footage of what happens on the road while you drive. This can be invaluable evidence showing your response to hazards and demonstrating that you were driving responsibly. Moreover, keep a detailed log of your driving experience, particularly noting any incidents where you had to react to a hazard. Include the date, time, location, a brief description of the incident, and any steps you took to avoid an accident. 4. Maintain Motivation Motivation is a particular weapon of every frustrated person in their daily work. If you do not engage motivation in life, that might affect your life and work. While driving daily, it can be a daunting task to manage your schedule and times accordingly. The more you focus on your daily skills and improve them somehow, the better you can motivate yourself for the next day's work. It will also ensure that you are not frustrated enough to make a mistake on the road. 5. Gather Mechanical Knowledge To become a better truck driver, gathering mechanical knowledge is essential. Understanding the mechanics of a truck can help you operate your vehicle more efficiently and safely. By learning about the engine, transmission, brakes, and other important components, you can identify potential issues before they become major problems and take proper steps to maintain the vehicle. This knowledge can also help you make informed decisions about the appropriate gear to use in certain situations and how to handle different types of terrain. Overall, a solid understanding of truck mechanics can improve your driving skills and make you more confident and capable. 6. Practice Work Zone Safety To ensure safe truck driving, it's important to practice work zone safety. By following work zone rules and regulations, drivers can help prevent accidents and keep themselves and others on the road safe. Remember to always pay attention to signs and signals, reduce speed when necessary, and stay alert for any unexpected changes in the roadway. Additionally, it's crucial to maintain a safe following distance to give yourself ample time to react to sudden stops. Use your vehicle’s indicators early to signal any lane changes or turns, allowing other road users to adjust accordingly. Be especially mindful of workers and machinery that may enter your path without warning. Compliance with flaggers and temporary traffic control devices is essential—they are there to guide you safely through the work zone. Your full attention should be on the road and your surroundings. During night driving in work zones, ensure your headlights and taillights are functioning properly to improve visibility. Also, be patient. Work zones can cause delays and slow traffic, but hurried driving can lead to mistakes. 7. Communicate Clearly Communicate clearly with your cooperators to ensure safe driving. The more you are fluent in communication, the better you will be able to manage the concerns of truck driving easily. Focus on your communication skills and ensure that you are not making any mistakes in your daily work. So, it will help you step forward with confirmed steps and tricks on a daily basis. Read Also: Truck Accident Scenarios: Who Is Liable? Truck Driver App: Revolutionizing The Trucking Industry 3 Safety Regulations That Indiana Truck Companies And Drivers Must Follow

What Are the 6 Steps to Take to Become a Proud Motorcyclist?

There's nothing quite as amazing as the open road and fantastic scenery provided while riding a motorcycle. For anyone thinking about becoming a true, blue motorcyclist, there are a few tips that can make this possible. When it comes to riding though, becoming a part of the "club" may seem a bit difficult at first. To get started, use the tips found here. Here are the 6 Steps to Take to Become a Proud Motorcyclist: 1. Riding Style When it comes to riding a motorcycle, there is more information at cleanharleys.com. However, before buying a bike, it's necessary to figure out the style of riding a person wants to do. This is a step that is completely dependent on the rider(Motorcyclist). To figure this out, think about the style of bikes that are attractive. For example, a person should consider if they migrate toward the cruisers, or if the neo-retro bikes turn their heads. Even if a person can't decide, there are options. Take some time to test out several options to find the ones that work. 2. Visit a Local Motorcycle Shop or Dealership Riding a motorcycle is as much about being part of a community as it is about actually riding. Once a person begins riding, they will find even more motorcyclists to talk to and hang out with. A great way to meet these people is by going to a few local shops and dealerships. One of the best ways to use these dealerships is by visiting the ones that have the models that are appealing. Take some time to talk to the salespeople and don't be afraid to ask questions that seem basic. 3. Do Research on the Potential Purchases In the past, buying a motorcycle was restricted to visiting local dealerships and reading magazines and newspapers. However, today, it's possible to find out as much as possible about motorcycles online. There are even forums completely dedicated to buying a bike and becoming a motorcyclist. Virtually any forum that is purchased will have a few members who are interested in helping out a new rider. Another thing that can be learned through a forum is whether there are common issues with the bike being purchased. Reviews are also smart for learning how a motorcycle really works, so keep this in mind. 4. Get to Know the Licensing Requirements Before a person starts riding, they need to have the proper motorcycle license. An unlicensed rider is one of the most common victims of accidents. With a license, a person's odds of being involved in this type of mishap can be avoided. Remember, though, each state is going to have different rules regarding motorcycle requirements. It's possible for a rider to find out what is needed and required by their state by going to the DMV website. Here a person can learn everything they need to know about the motorcycle license. They can also learn about any motorcycle-specific laws they need to be aware of in the state where they are going to ride. 5. Sign Up for a Motorcycle Safety Course As a new rider, one of the first things a person should understand is that motorcycling can be a dangerous sport. If a person isn't careful and doesn't learn the rules of the road, they can actually die while riding. With the stakes so high, it's important to learn basic riding skills along with tips for avoiding accidents. For these classes, training bikes are often provided. This class is also a great way to do a bit of riding before making a costly purchase. There are some people who may even decide that riding isn't the right thing for them after taking this class. The truth is, riding a motorcycle isn't right for everyone. At a very basic level, riders have four appendages for operating five different controls. While ABS brakes are becoming more common on bikes it can take a while for a rider to become proficient in the driving process. This means that attending this safety class and practicing all the skills that are taught will go far when it comes to reducing the likelihood of an accident. 6. Build a Riding Community and Keep Riding There's no question that riding a motorcycle can be a lot of fun. Riding a bike and hanging out with other riders while sharing stories with other enthusiasts is much more fun. A person should consider going to their local bike night to figure out where most motorcyclists will ride in the local area. Not only is it fun to hang out with other riders, and all the trips that people can take together, a new rider can learn from experienced riders. The fact is, becoming a real motorcyclist will take some time. The best way to really get the hang of it is to start riding and not stopping. It's a good idea to ride as much as possible to keep the skills fresh. It's also a good idea to maintain the study of motorcycle techniques. The truth is, the learning curve to ride a bike can be quite steep; however, the payoffs are real. Additionally, motorcycle riding will provide a lifetime of learning, along with all the adventures that a person can have. Riding a Bike: A Fun and Thrilling Past Time Riding a motorcycle is a great way to have fun and enjoy the open road. It's also fun to ride with others and enjoy the stories and adventures that can be had with one another. Remember, though, to become a true rider, there are more than a few factors that need to be considered. Be sure to keep this information in mind to make the right decisions and avoid being involved in an accident while riding a motorcycle.invest in the best training to Just remember, buying a bike is a big investment. It's also a dangerous one if a person doesn't take the time to learn how to operate and drive it properly. By taking the right steps, enjoying everything the biking culture offers will be possible. Read Also: Things To Consider Before Buying Your First Motorcycle How To Get An Accurate Valuation Of Your Motorcycle When Selling The Decline Of Cars Sales Has Led To An Increase Of Motorcycles In The UK

Key Stats to Know About the Automotive Aftermarket

The automotive aftermarket: 2018 in review:

You Must Know about the Aftermarket review in 2018:

Trends and statistics in the global automotive aftermarket:

Additional trends and statistics in the global automotive aftermarket:

4 Things You Need To Know About Commercial Truck Insurance

The perfect auto insurance company just for you

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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How To Negotiate The Best Deal When Selling Your Car For Cash In San Diego?

Safe Drive Save Life: 7 Ways To Improve Your Truck Driving Skills

What Are the 6 Steps to Take to Become a Proud Motorcyclist?

Key Stats to Know About the Automotive Aftermarket

The automotive aftermarket: 2018 in review:

You Must Know about the Aftermarket review in 2018:

Trends and statistics in the global automotive aftermarket:

Additional trends and statistics in the global automotive aftermarket:

Share this Article

4 Things You Need To Know About Commercial Truck Insurance

The perfect auto insurance company just for you

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

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