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The automotive aftermarket is the secondary parts market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer.
The Motor & Equipment Manufacturers Association (MEMA) was founded in 1904. MEMA represents more than 1,000 companies that manufacture motor vehicle components and systems for the original equipment and aftermarket segments of the light vehicle and heavy-duty motor vehicle manufacturing industry in the United States.
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 ...
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
Aftermarket Parts: These are replacement parts made by companies other than the original manufacturer. They can serve as cost-effective substitutes for OEM parts. Used or Second-Hand Parts: These can be either OEM or aftermarket parts that have been refurbished and resold at a lower price. [2]
The average age of vehicles in the U.S. is rising. Currently, it is at an all time high of 11.4 years, compared to 11.2 years and 10.9 years in 2012 and 2011, respectively. Also, the number of ...
The Certified Automotive Parts Association (CAPA) is a non-profit certification organization established in 1987 to develop and oversee a testing program for aftermarket automotive parts. [1] CAPA was created by automobile insurance companies. It was created to control the market on parts used by insurance company contracted collision shops.
This is a list of current automotive parts suppliers, arranged in alphabetical order. The year of foundation is shown in brackets. The year of foundation is shown in brackets. Contents
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