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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.
Using approved parts can increase the cost of the repair, leading many consumers to speed up their upgrade cycle to a new device. [14] In addition to access to software updates, the ability to install third-party software is also mentioned as a major goal, which would, for example, allow some devices to be adapted over time. [10]
Despite being a part of the Toyota Group of companies, as of the year ending March 2016, sales to the Toyota Group accounted for less than 50% of total revenue (44% of revenue originated from other car manufacturers in Japan, Germany, the U.S. and China). [6] In 2023, DENSO was the second largest auto parts supplier in the world. [7]
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Genuine Parts Company (GPC) is an American company engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. GPC serves numerous customers from more than 2,600 operations around the world, and has approximately 48,000 employees. [1] It owns the NAPA Auto Parts ...
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