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Aftermarket in economic literature refers to a secondary market for the goods and services that are complementary or related to the primary market goods, also known as original equipment). [ 1 ] [ 2 ] [ 3 ] In many industries, the primary market consists of durable goods , whereas the aftermarket consists of consumable or non-durable products ...
The U.S. aftermarket includes the manufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, tools, equipment, technologies, and accessories. Most aftermarket repair work takes place in a vehicle manufacturer’s dealership service facility or an independent repair shop, which includes national service chains.
The new corporate direction was to buy failing companies in a variety of industries, and then to develop them into profitable businesses. This worked well with Newport News Shipbuilding, but failed miserably with the various tractor companies, probably due in large part to the economy at the time. By 1988, the company was losing $2 million per day.
A spare part, spare, service part, repair part, or replacement part, is an interchangeable part that is kept in an inventory and used for the repair or refurbishment of defective equipment/units. Spare parts are an important feature of logistics engineering and supply chain management , often comprising dedicated spare parts management systems.
Aftermarket may refer to: Aftermarket (merchandise) , any market where customers who buy one product or service are likely to buy a related, follow-on product Automotive aftermarket , the addition of non-factory parts, accessories and upgrades to a motor vehicle also to include removal of parts after vehicle is placed on market
Investors piled into NuScale stock, sending it more than 6% higher in price across the trading session. By comparison, the benchmark S&P 500 index only managed to rise 0.8% that day. Google gets ...
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Genuine Parts Company (GPC) is an American automotive and industrial parts distributor based in Atlanta, Georgia. [1] Established by brothers Carlyle and Malcolm Fraser in 1928, the company has approximately 60,000 employees. [ 2 ]