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Ford’s Electric Vehicle sales surged in the second quarter, followed only to Tesla in the United States
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By Counterman
Research by Carfax shows the used car market surging in both value and volume. The automotive aftermarket is positioned to benefit significantly—and among those who understand it best is
link hidden, please login to view, president of link hidden, please login to view (APA). In an industry where profitability is boosted by the number of repairable vehicles on the road, the recent upswing in used car sales is providing tailwinds that aftermarket businesses are ready to ride. “An increase in used car sales as well as an increased valuation of those cars both have huge benefits for our business,” Tucker explains. “With more vehicles on the road in that sweet spot of being 4-12 years old, our opportunity for selling parts increases exponentially.”
That “sweet spot” Tucker refers to is the prime range for aftermarket demand. These vehicles are typically out of warranty, increasingly in need of maintenance and repair, and owned by drivers more likely to invest in keeping them roadworthy—especially when used car values are holding strong. It’s a powerful combination that leads to increased part sales, especially in high-failure-rate categories.
Data is the Differentiator
According to Tucker, the key to capitalizing on this growing opportunity lies in one word: data.
“Keeping track of what we need to have on the shelf to service this aging car parc is the number one driver in capitalizing on servicing these vehicles,” he says. “Also understanding how the types of repairs change as the vehicle ages is important. Here again, data is the driver to success.”
From stocking the right parts for the right model years to understanding when customers shift from premium to value-tier products, every decision aftermarket businesses make should be rooted in understanding vehicle age trends and consumer vehicle repair behavior. “Understanding the brands and price points that change as the vehicle ages also must be top of mind,” he adds.
Growth For Established Players
With used car sales rising sharply, some might foresee a flood of new players entering the aftermarket to capitalize on that replacement parts demand. But Tucker doesn’t see it playing out that way.
“Having an aging car parc also means expanding your inventory in order to cover those additional model years adequately,” he says. “Having inventory dollars invested in the right places is not something that happens overnight, and so new entrants into this space are few and far between.”
Instead, he anticipates new investments going into existing aftermarket businesses. The industry’s resilience—especially during economic uncertainty—continues to attract capital. “I won’t ever say we are recession-proof as an industry, but we are recession-resistant,” Tucker notes. “Our space has proven to be an attractive one for investors and I don’t see that changing.”
Vehicle Categories for Strong Sales
While aging vehicles generally mean more part sales overall, Tucker is quick to point out that those sales fluctuate based on a variety of factors: vehicle miles driven, car parc composition and failure rates.
“When you take all of those into account, we see categories such as brakes, ride control and chassis all having exponential growth,” he says. “Anything the vehicle must have to start, run and stop effectively are all areas of strong growth.”
And as used car values rise, owners are more inclined to authorize discretionary repairs, reversing a trend often seen in older vehicles. “We will also see more of those discretionary repairs come into play on older vehicles as their value holds strong and steady,” Tucker adds.
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By Nancy Bitter
When it comes to maintaining your vehicle, finding reliable and affordable auto parts is essential. JM Used Auto Spare Parts offers a variety of used car parts that can help extend the life of your vehicle without breaking the bank. From engines to transmissions, their inventory includes high-quality parts that have been thoroughly inspected to ensure they meet industry standards.
Using JM Used Auto Spare Parts can be a game-changer for car owners and mechanics alike, offering savings without compromising on quality. The key to a successful car repair or upgrade lies in finding the right parts, and with <a href=" https://jmusedautospareparts.com/">JM Used Auto Spare Parts</a>, that becomes much easier. They provide a vast selection of components that are compatible with various makes and models.
Not only does JM Used Auto Spare Parts offer great prices, but their commitment to customer satisfaction ensures that you’ll find the parts you need quickly and easily. With great deals and fast shipping, you’ll be able to complete your repair or upgrade project on time and within budget.
Whether you're a DIY enthusiast or a professional mechanic, JM Used Auto Spare Parts is the place to go for all your used auto parts needs. Browse through their extensive inventory today and get your vehicle back on the road in no time.
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By Auto News
link hidden, please login to viewWith a majority of vehicle owners living in areas of the country that have stay-at-home orders, many vehicles may be sitting idle for days or weeks at a time. The non-profit Car Care Council recommends starting your car at least once a week and keeping up with routine auto care to help prevent potential maintenance issues. “Just as it is recommended that people stay active during this time of social distancing, your car should get some activity as well,” said Rich White, executive director, Car Care Council. “If your vehicle sits idle for too long, the battery could die, the tires can develop flat spots and the engine oil may start to deteriorate. Just a short solo drive once a week and a little car care will keep your car running efficiently and safely.”
When starting your car weekly, let it run for at least five minutes. If the vehicle is started in a garage, make sure the garage door is open and there is plenty of ventilation. In addition, the Car Care Council suggests monitoring the following areas of your vehicle if it sits idle for long periods of time.
Battery – Today’s vehicles have several computers that are always in operation, so if a car sits too long without recharging, the battery could die within a couple of weeks.
Tires – Maintain proper tire pressure to improve vehicle performance and gas mileage. Doing so is also important for vehicle safety. Checking the tire pressure frequently is more important if the car is parked for long periods of time. Vehicles that sit idle too long can develop flat spots, so taking a brief drive every once in a while will help prevent bald spots, and recharge the battery, too.
Fuel – Today’s modern fuel systems help preserve the life of the gas in your tank and also prevent fuel oxidation. Keeping a full tank of gas helps limit gas-tank condensation. If you are still concerned about the gas in your tank going bad, a fuel stabilizer may help extend the life of your fuel.
Oil – If a car sits too long, the oil can deteriorate, so continue to change the oil at the proper time intervals, even if you are not driving your normal mileage. It is always best to check the owner’s manual for the maximum time you should wait between oil changes.
Brakes – If a car sits idle, rust can start to form on the brake rotors, especially if the car is parked outside. Driving your car at least once a week will help prevent rust buildup.
Cleaning – Removing the grime and sediment that builds up on the outside of your car helps prevent rust, and cleaning the interior is important, too. Wipe down the dashboard, steering wheel, cup holders, door handles, vents and console with a quality, all-purpose automotive cleaner that will help disinfect the interior areas of your vehicle.
For more helpful information about maintaining your vehicle for safety, dependability and value, visit
link hidden, please login to view to order the Car Care Council’s free 80-page Car Care Guide. The post
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