Digitalization of automotive repair and component sales, complemented with advanced technology incorporations in the automobile aftermarket component manufacturing, is expected to boost the market growth.
Employment opportunities abound in Class 8 vehicles, especially for those who are properly trained in servicing electronics, frames, suspensions, collision damage and other skills beyond engine repairs.
China, the U.S. and Europe were the three main markets, amounting to 90 percent of all the electric vehicles sold. China remained the largest market in 2016, accounting for more than 40 percent of global EV sales.
A rise in innovative business models and services such as e-retailing, telematics and connected car systems, and e-stores are factors propelling demand and creating value for customers in a price-sensitive market.
The border adjustment tax, which would impose a 20 percent tax on imports, has the support of House Speaker Paul Ryan and other Republicans, but is opposed by others in the party and several import-heavy industries including auto manufacturers, dealers and parts suppliers.
Avoiding costly violations, examining fundamentals of the U.S. auto market and analyzing big data in the auto sector were topics of three speakers at the NACE Automechanika Business Outlook Conference today.
Dozens of bills were introduced by numerous states related to connected vehicles. The varying standards create a regulatory quagmire for companies that want to build vehicles that can be driven in all 50 U.S. states.
Amazon must have loved announcing that major traditional aftermarket suppliers have agreed to support their new push. Now that almost all items are available through Amazon Marketplace, direct selling of most popular SKUs to Amazon is snowballing.
Aftermarket suppliers need to become holistic solution providers and extend their capabilities beyond manufacturing by incorporating digital innovations in their channels to market, including distribution, sales and service.
Customer demands for expedited delivery and e-commerce capabilities have put new pressures on the supply chain. Shippers have to be able to provide rapid (often same-day) delivery of goods with a high level of visibility for customers.
Bosch North American Regional President Colin Fielding recently provided information about the company’s worldwide electric vehicle (EV) efforts in response to a series of questions posed by Aftermarket Business World.
Joe Madden, principal analyst at Mobile Experts, discusses the company's report on automotive Internet of Things (IoT) devices, in which the firm predicted that overall wireless IoT module shipments for automotive will triple by 2021.
The U.S. automotive aftermarket is expected to grow at a compound annual growth rate (CAGR) of 3.6 percent through 2020, according to the “2017 Joint Channel Forecast Model” produced jointly by the Automotive Aftermarket Suppliers Association (AASA) and the Auto Care Association.
Aftermarket V2V devices will play a big role in determining how quickly autonomous vehicles become successful. But just how big a role will be determined by how the intricacies of the proposed National Highway Traffic Safety Administration (NHTSA) standard work out.
Automotive eRetailers in the Americas are redrawing the boundaries of aftermarket service through innovative business models and transforming automotive product sellers into end-to-end solution providers.