Expansion of Automotive Dealers on Online Platforms and Increasing Launches of New and Advanced Car Accessories

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US Automotive Aftermarket

US Automotive Aftermarket

US Automotive Aftermarket

Dublin, Oct. 11, 2023 (GLOBE NEWSWIRE) — The “U.S. Automotive Aftermarket: Insights & Forecast with Potential Impact of COVID-19 (2023-2027)” report has been added to ResearchAndMarkets.com’s offering.

The U.S. automotive aftermarket is expected to record a value of US$479.25 billion in 2027, growing at a CAGR of 3.08%, for the duration spanning 2023-2027.

The automotive aftermarket is poised for significant growth, driven by several key factors. These include the expansion of automotive production, a surge in used car sales, the increasing number of smartphone users, a rapid rise in electric vehicle sales, and the ongoing process of urbanization.

However, the market’s growth trajectory may face challenges from the expansion of ride-sharing services and the growing prevalence of aftermarket fraud. Some noteworthy trends that are expected to shape the market’s landscape include the increasing average age of vehicles, the expansion of automotive dealers into online platforms, and the launch of new and advanced car accessories.

The automotive aftermarket in the United States is experiencing substantial growth, primarily due to the presence of a well-established automotive industry. This sector encompasses both auto services and parts businesses.

Favorable government policies, regulations, and subsidies in the U.S. are boosting the demand for electric vehicles, leading to the greater use of lightweight auto parts in EV production to enhance efficiency. This trend is expected to contribute significantly to the growth of the U.S. automotive aftermarket in the coming years.

Key players operating in the U.S. automotive aftermarket include 3M Company, Lear Corporation, AutoZone, O’Reilly Auto Parts, Advance Auto Parts, and Cooper Tire & Rubber Company. The high level of competition in the market has encouraged these key players to gain a competitive edge by focusing on offering high-quality products.

In response to increasing price competitiveness in the U.S. market, various companies are challenged to provide innovative offerings that enable consumers to address evolving technologies at an economical price point. This approach is ultimately driving market growth.

Key Attributes:

Report Attribute


No. of Pages


Forecast Period

2023 – 2027

Estimated Market Value (USD) in 2023

$424.49 Billion

Forecasted Market Value (USD) by 2027

$479.25 Billion

Compound Annual Growth Rate


Regions Covered

United States

Key Topics Covered:

1. Overview
1.1 Introduction
1.2 Value Chain of OEM/OES in Aftermarket
1.3 Top Ten Trends in Automotive Aftermarket
1.4 The Future Development Direction of the Automobile Industry
1.5 Automotive Aftermarket Distribution Channels

2. Impact of COVID-19
2.1 Decline in Motor Vehicle Sales
2.2 Downfall in Consumer Spending
2.3 Impact on Automotive Dealership

3. The U.S. Market Analysis
3.1 The U.S. Automotive Aftermarket by Value
3.2 The U.S. Automotive Aftermarket Forecast by Value
3.3 The U.S. Specialty Auto Equipment Market by Value
3.4 The U.S. Specialty Auto Equipment Market Forecast by Value
3.5 The U.S. Specialty Auto Equipment Market by Product Type
3.5.1 The U.S. Auto Accessories & Appearance Products Market by Value
3.5.2 The U.S. Auto Accessories & Appearance Products Market Forecast by Value
3.5.3 The U.S.

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CarNow and Insignia Team Innovate Automotive Online Profits

ROCK HILL, S.C., Sept. 7, 2022 /PRNewswire/ — Insignia Team now announced a new partnership with CarNow that will revolutionize how dealerships sell automobiles on the net. By Insignia Group’s API, CarNow has the means to offer you shoppers an interactive getting practical experience where they can build a 3D product of their motor vehicle, add add-ons, and acquire every little thing required for the dealership to put together their offer.

As the automotive electronic retailing area continues to evolve, the Insignia Team-CarNow partnership assists deliver a much more frictionless expertise for individuals and dealers alike. Dealerships are empowered to input offer information, labor pricing, and command stock information and facts for all products and solutions to give consumers a seamless transaction workflow that encompasses every little thing they would have entry to as section of the standard in-keep practical experience.

“The current market launch of visualized accessory-on-automobiles content material by CarNow is the consequence of many years of do the job and the future stage of accent merchandising for OEMs and dealerships,” states David Copp Stringer, CEO of Insignia Group. “Now customers will travel the Motor vehicle Personalization course of action through the auto transaction.”

“We are happy to enter into a partnership with Insignia Group, a real market place chief in the automotive accent place,” said Tim Cox, co-founder and main evangelist at CarNow. “Insignia Team provides a unique ecosystem of infrastructure and technology that will assist us in our efforts to offer the most extensive and seamless electronic retailing process in all of automotive. We are excited to proceed to develop our technological know-how and system with a new strategic partner.”

 The advantages of this new partnership include:

  • 3D vehicle and accessory configurators that are seamlessly built-in with the internet site.
  • Seller-precise pricing: which includes labor rates, margin, and much more.
  • No need to have for inventory pictures of new vehicles–it’s now incorporated in the method.
  • Custom made accessory offers customers can quickly add to their buys and dealerships can use for marketing applications.

The integration of the Insignia Team accessory visuals and pricing with CarNow’s digital retailing platform will rollout the start with Volkswagen manufacturer in September 2022, and keep on pushing it out to other makes into 2023.

About Insignia Team:

Insignia Team is a market chief in the automotive accessory sector with visible and informational info generation, upkeep, and distribution. We leverage patented technologies to allow motor vehicle consumers to pick accent merchandise as a result of visualization for Automotive Tier 1 manufacturers and Tier 3 suppliers. We are integrated into the big electronic retailing and e-commerce platforms casting a huge syndication community during the automotive software package ecosystem. Our main Software-as-a-Company is furnished to automotive dealerships with countrywide courses as a result of Volkswagen, Stellantis, and Jaguar Land Rover. Find out additional at https://www.insigniagroup.com/rewards-of-api-to-dealerships.

About CarNow

CarNow is a market leader in electronic retailing alternatives for the

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GM clients can invest in car or truck areas directly from new on-line market

In its travel to add revenue from profits of software package and services, Common Motors is launching an online sections keep that will give GM automobile entrepreneurs the ability to buy parts immediate.

The automaker said Tuesday this is just just one of several new digital choices coming to automobile buyers. Those people involve buying accessories, around-the-air upgrades and subscriptions digitally, as effectively as the selection to shop, purchase and finance electric automobiles completely on line. 

“We are positioning software package and electronic solutions at the center of each and every aspect of our business enterprise,” reported GM Main Digital Officer Edward Kummer. “The foreseeable future of GM retail lies at the intersection of electronic and bodily e-commerce.”

Pick right part

GM’s new on the web parts marketplace will make 45,000 repair service and upkeep components, these as oil filters, motor and cabin air filters, batteries, brake pads, accessory belts, cooling hoses and windshield wiper blades, accessible to Chevrolet, GMC, Buick and Cadillac proprietors.

The online sections store was are living as of Tuesday afternoon. The internet sites addresses are: parts.chevrolet.com, sections.gmc.com, parts.buick.com, components.cadillac.com and pieces.gmparts.com.

It will give clients the convenience of online procuring and physical retail all in a person location, GM explained. Prospects can choose house shipping or to pick up their buy at a single of 800 collaborating GM sellers, the place employees is offered to solution inquiries.

But not so quick, stated a single Chevy dealer. He supports giving shoppers the convenience of e-commerce and an ability to investigation sections ahead of buy, but he said there might be some “kinks to perform out.”

GM is launching an online parts marketplace, making its catalog of 45,000 repair and maintenance parts more convenient for Chevrolet, GMC, Buick and Cadillac owners.

“On the provider close, I respect the giving for a purchaser to do research,” said Paul Zimmermann, partner in Matick Automotive, which owns Matick Chevrolet in Redford Township and Matick Toyota in Macomb. “Nonetheless with the complexity of cars and what a car or truck precisely demands … I shudder to assume of a shopper purchasing an oil filter and they appear to pick it up at the dealership and we have to say it is not the right one particular.”

Zimmermann explained Matick Chevrolet will take part in GM’s new online pieces market to assistance the growing curiosity in digital searching among car consumers. In truth, Matick has its possess on the web pieces retailer where by his consumers use it as a issue to commence their research. He imagines that GM’s retail outlet will tie into Matick’s current internet site.

“The a lot more facts you have obtain to is constantly a fantastic detail regardless of the marketplace,” Zimmermann said. “How considerably of a video game changer this is for a client? I think it is a device they can do investigate with, but much more folks will however want to have entry to an qualified on what goes on what.”

Buyer added benefits

GM said any sections consumers buy through GM’s on line retail outlet are suitable for Chevrolet, Cadillac, Buick and GMC benefits

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automotive products: 15 Automotive Products Online: Best Selling Car Accessories To Consider | Most Searched Products

Don’t you want to know about the finest 15 automotive products for the year 2021? We have selectively picked the most sold and most useful list of car accessories that caught users’ attention in 2021. (as per TOI MSP data).

To ease your efforts, we have segregated this list of top automotive products of 2021 into different categories:


You have successfully cast your vote

  • Car Interior
  • Car Exterior

So, let’s take a quick look at some of the finest automotive products available online in India:

Car Interior Products

Homeve comes up with this car trunk storage organizer that is available in the 57.2 x 38.1 x 34 cm dimension and weighs around 2.99 pounds. Ideal to keep your stuff during the drive, this car trunk organizer is appreciated for its sturdiness.
Price: Rs 1,688.

Reasons to get it:

  • Designed using Oxford polyester
  • Waterproof in nature
  • Simple to clean
  • Leak-resistant

Purchase this impressive windshield sunshade from kinder Fluff that comes in the 149.9 x 0.3 x 72.4 cm dimension. Designed to provide effective protection against sun, UV, and heat build-up.
Price: Rs 1,200.

USPs of this sunshade:

  • Stitched using 210T polyester
  • Durable in nature
  • Comes with a reflective black side
  • Foldable in design

Spigen offers this robust car mobile holder that comes in black color. Compatible with smartphone devices, this car mobile holder is available in the 14.22 x 10.92 x 5.08 cm dimension and weighs around 100 grams.
Price: Rs 1,599.

Why buy this?

  • Comes with a suction cup
  • Available with an adjustable telescopic arm
  • Easy to install
  • Premium finish

Check out this robust air bed from Kawachi that comes in the ‎25 x 15 x 9 cm dimension and weighs around 420 grams. This car travel bed is ideal for cars, SUVs, and MPVs.
Price: Rs 1,879.

Purchase this for its:

  • Water-resistant
  • High-density oxford fabric
  • Enhanced sleep quality
  • Ability to trim down fatigue of exertion

Verse your car with this stylish and appealing seat cover from AUTOFIT that comes in black color and is perfect for Maruti Baleno. This car seat cover is designed using top-notch silk napa leather.
Price: Rs 9,999.

You get this because of:

  • Excellent stitching
  • Premium finish
  • Comfortable feel
  • Long shelf life

Another useful car accessory to have, this backseat organizer from Tsumbay is ideal for road trips. Available in the 48 x 31 x 3 cm dimension, this car seat organizer weighs around 667 grams.
Price: Rs 5,253.

Popular attributes:

  • Superb stability
  • Multifunctional storage
  • Robust foldable tray
  • Premium PU leather

Hi Art brings to you this impeccable car floor mat in black color. Ideal for Tata Altroz, this car floor mat comes in the 200 x 200 x 200 cm dimension and weighs around 6 kgs.
Price: Rs 3,998.

Features to look for:

  • Anti-slip bottom
  • Raised edges
  • Curly PVC coil on top
  • PU leather surface on the bottom

Car Exterior Products

Explore this car front grill from Car Saaz that is suitable for Maruti Swift type 4 vehicles. This
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Car Entrepreneurs Can Improve On-line Getting Working experience

The car getting and selling course of action has appreciably changed throughout the pandemic. Consumers’ openness to and choice for obtaining or funding a automobile online has just about doubled from pre- COVID amounts.

Motives for this change involve greater transparency in on the web auto shopping for applications, the skill to encounter autos by means of digital check drives, and – to be frank – the prospect to prevent getting to deal with salespeople in the dealership who are far more intrigued in upselling than comprehension purchaser desire.

Motor vehicle obtaining and promoting web-sites this kind of as Carvana, Carmax and Vroom have taken the process wholly on line. With the expense of utilised cars at an all-time high owing to stock shortages, many shoppers are even opting to trade in or market their old motor vehicle online by these internet websites.

Prior to COVID, automotive was a single of the number of industries wherever on the internet penetration was really low, but these market place shifts have brought on a significant maximize. The on line business enterprise model is totally new for many car marketers, and for OEMs to totally adapt to the improve and present a high-quality person working experience, knowledge person choices is a need to.

Down below are some of the measures marketers can get to boost the on the net acquiring experience and help make model advocacy and maximize customer engagement.

Fully grasp the Client Journey

It is important to have an understanding of the existing customer journey of obtaining a vehicle on-line. The journey could be distinct for individuals based on where by they are in the invest in funnel.

An knowledge of the journey is important at each phase, from linking the suitable landing web page in media to driving web page personalization to putting articles in the correct purchase. As soon as the user’s path is discovered, ways can be taken to push far better user working experience.  

For instance, most models have integrated their on the internet procuring working experience by 3rd-party tools in their website. Obtain funnel analysis can enable in knowledge the path taken by the end users on the website in advance of acquiring a motor vehicle or submitting a guide form.

It can also support establish the top rated web pages considered by the end users in order to enhance the material and consumer encounter. Website personalization and content system can be devised based on knowledge the journey.

Exam and Master

The finest person practical experience can be driven by constant tests. Various exams can be done throughout channels to travel customers down the obtain funnel. The range of levers obtainable for screening can fluctuate centered on the relieve of execution and sophistication. It can assortment from basic messaging and expertise checks to advanced viewers/concentrating on checks.

It is vital to develop a examination-and-find out roadmap and tie it to business objectives, so the effect of the assessments can be calculated in phrases of small business

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Live and Online, Automotive Tech Week Tracks Industry Trends

Click right here for facts and to sign up for Automotive Tech Week 2021.

For individuals transferring automotive technological know-how ahead or just adhering to sector tendencies, it’s time once again for some experience time – virtually.

Automotive Tech 7 days 2021 will run Nov. 15-19, with the very first three days dwell at the Suburban Collection Showplace in Novi, MI, as effectively as on-line.

The remaining two times of the worldwide exhibition and conference, co-produced by Wards Intelligence, WardsAuto and Informa Tech Automotive Team, will be held on the web only.

Its predecessor party, the Summer season Festival of Automotive, was held online in August 2020 mainly because of COVID-19 journey and accessibility constraints.

Automotive Tech 7 days 2021 brings together 5 environment-class events (TU-Automotive Detroit, WardsAuto Interiors and UX Conferences, WardsAuto Motor & Propulsion Summit, ADAS & Autonomous Cars) attracting an engaged group of automotive tech’s brightest lights sharing a 7 days of insights and useful content.

“Automotive Tech Week brings together the whole automotive tech market to explore and discussion the influence of new and producing traits in the marketplace, which includes electrification, autonomous cars, mobility, connectivity and software,” says Caroline Hicks, director-automotive occasions for Informa Tech.

2019 WardsAuto User Experience Conference.png

Attendees at 2019 WardsAuto UX Convention able to knowledge motor vehicle engineering.

Attendees will be in a position to check out extra than 50 demonstrate-flooring exhibitors and will have a front-row seat for the investigation expertise of Wards Intelligence, the access and local community of WardsAuto and the relationship and party ability of Informa Tech Automotive Group.

Automotive Tech Week incorporates two sub-conferences:

  • Concentration: Electrification & State-of-the-art Propulsion will offer you are living classes about powertrain trends on Monday and Tuesday, Nov. 15 and 16, at the Suburban Collection Showplace, as very well as on line information Nov. 18 and 19.
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  • Emphasis: Future Vendor will be an online-only conference hosted Thursday Nov. 18. This initially-at any time WardsAuto celebration will incorporate panel conversations on submit-COVID retailing, contending with the direct-to-buyer gross sales model and the impact of electrification on the dealer network.
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A ceremony will be held Monday, Nov. 15, at Suburban Assortment Showplace to celebrate 2021 Wards 10 Finest Engines & Propulsion Systems winners.

Also live at Suburban Assortment, award ceremonies will be held for winners of 2021 Wards 10 Best Interiors and 2021 Wards 10 Ideal UX On Tuesday, Nov. 16, and Wednesday, Nov. 17, respectively.

It will be the 1st time all Wards 10 Very best profitable groups will acquire their trophies through a person week-very long convention. Nearly all the 10 Very best cars will be on exhibit at Suburban.

So that on-web site and on-line audiences can get the most out of the information, pro-led periods will be sent in various formats:

  • On-Web-site & On line Are living: Live onsite at Suburban Selection and in our on-line system.
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  • On-Web-site Live & On-line Playback: Filmed stay, edited and uploaded to our on the net celebration system.
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  • On the internet Material: Placed on
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