Out with the old
Increased new parts sales are expected to reduce used parts sales during the next year, but the immediate future looks brighter for the industry. As the economy gains steam, consumers will have more money in their pockets and purchase new vehicles. New vehicles will come equipped with warranties and, if they are not offered, consumers are likely to pay for the warranty. As such, an increasing number of vehicles will be taken in for warranty service, and mechanics and auto dealers will source used auto parts to fix the vehicle and enhance the profitability of their work.
Companies in this industry sell used auto parts to retail stores, original equipment manufacturers (OEMs) and professional parts installers. This industry includes companies that dismantle cars and then wholesale the salvaged parts as well as companies that receive inoperative parts and then remanufacture those parts. This industry excludes companies primarily engaged in selling scrap metal and companies primarily engaged in selling used tires and tubes.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.