New Forecasts: 79% of all new automobile sales in 2045 will be BEVs automotive aftermarket e-commerce to arrive at $47 billion by 2025 | National Information

BETHESDA, Md., Dec. 13, 2021 /PRNewswire/ — The Automobile Care Association, in partnership with Automotive Aftermarket Suppliers Association (AASA), commissioned the 2021 Joint Electrification Forecast and the 2021 Joint E-commerce Traits and Outlook Forecast to insights desired to navigate these establishing traits. The China industry, with its pronounced guidelines and profits prices of electrical car (EV) vehicles at degrees four periods that of the United States, provides an best seem into the long run of how the worldwide EV industry is possible to evolve. The COVID-19 pandemic’s outcome on retail buying in 2020 resulted in a speedy shift to e-commerce adoption in the vehicle treatment market, with e-commerce sales of aftermarket elements and accessories (excluding marketplaces) projected to increase by 11.7% to much more than $18 billion in 2021. These two recently unveiled reports present the most current information, trends and analysis on how the adoption of these new systems may perhaps effects the automotive aftermarket and provide future opportunities for development.

The 30-web page 2021 Joint Electrification Forecast report features:

  • A entire projection of the expansion of EV of new automobile gross sales and autos in procedure (VIO) by way of the calendar year 2045 underneath three situations: base, very low, and significant EV adoption
  • Projections on full battery-driven electric automobile (BEV) product count by automobile class, demonstrating how the well-liked SUV design and style is driving EV design and style as car or truck makers present a lot more options
  • How EV impacts the progress of aftermarket pieces product sales by means of 2030, 2035, 2040, and 2045 and
  • How outlets can offset projected support options because of to EVs with new alternatives created by EVs.

E-commerce adoption has grown from 6.5% in 2018 to 12.1% in 2021, representing practically a 100% enhance.

By 2045, 79% of all new car revenue are expected to be BEVs or plug-in hybrid electric cars (PHEVs) and will account for 36% of motor vehicles in procedure (VIO). The 2021 Joint Electrification Forecast report also has charts and investigation detailing aspects impacting EV adoption critical advancement contributors to the aftermarket trajectory of EV product availability in North The us forecasted general performance of EV styles relative to other segments projected share of EVs in car or truck parc for 2021-2045 projected market place development via 2045 new expansion chances for classes of service and extra.

“We are on the lookout at evolution, not revolution, mentioned Paul McCarthy, president and CEO, AASA. “Though EV replacement pieces gross sales will double in dimension amongst now and 2025, and again involving 2025 and 2030, EVs even now have a extended highway prior to they account for a huge percentage of aftermarket revenue.”

“Offered we already have a fleet of more than 280 million vehicles, our marketplace will be pushed by the inside combustion engine for the subsequent few of many years,” stated Monthly bill Hanvey, president and CEO, Auto Care Association.

Research and assessment in the 2021 Joint Electrification Forecast report was

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Top Early Coilover, Suspension Package & Extra Product sales Tracked by Buyer Wander

November 14, 2021 9:50 PM EST


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Test our comparison of all the major early car or truck sections specials for Black Friday 2021, featuring the leading discounts on jump starters, roof racks & much more

BOSTON–(Enterprise WIRE)–
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Most effective Car or truck Pieces Specials:

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Black Friday Car Sections Specials 2021: Top Early Coilover, Suspension Kit & Far more Product sales Tracked by Customer Wander

BOSTON–(Small business WIRE)–Here’s a manual to the best early car sections bargains for Black Friday 2021, that includes offers on exhausts, batteries, brake pads and extra. Browse the hottest deals shown under.

Finest Motor vehicle Areas Specials:

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October U.S. auto sales: Ford, Toyota, Honda, Hyundai, Kia drop again

Toyota Motor, which has been compelled to reduce global output in latest months, claimed gross sales dropped 29 % in Oct, with quantity off 31 percent at the Toyota division and 15 % at Lexus.

It was the 3rd straight month-to-month, and biggest, drop in Toyota manufacturer volume and second consecutive every month decrease at Lexus.

The Toyota brand’s greatest sellers all posted double-digit declines: Camry, off 40 % RAV4, down 39 percent Tacoma, off 38 per cent Highlander, down 19 % and Corolla, off 61 %.

Toyota Motor ended October with 111,224 Toyota and Lexus automobiles in vendor stocks and transit, up from 98,724 at the end of September, a spokesman mentioned.

Oct quantity dropped 24 percent at American Honda, with deliveries slipping 23 % at the Honda division and 27 % at Acura.

Like Toyota, some of the Honda brand’s greatest sellers posted notable declines for the month: Accord, off 20 percent Civic, down 39 % CR-V, off 22 p.c and Pilot down 19 %. Only two Honda products posted gains: the Insight, up 41 per cent to 1,939, and the HR-V, up 57 p.c to 11,667.

Deliveries slipped 1.1 p.c at Hyundai, however the company claimed retail volume rose 1 per cent to an October file of 52,767.

A Hyundai spokesman mentioned the company’s vendor stock stood at 19,894 at the conclude of past month, off 26 % from 26,717 at the shut of September and down 86 p.c from 142,616 at the conclusion of October 2020.

Kia deliveries dropped 7.2 per cent to 52,067, with 82 per cent of the company’s stock offered for the duration of the month.

“Inspite of ongoing source chain challenges and chip shortages, we expect our available offer and robust purchaser curiosity will help us have a solid end to the yr,” Eric Watson, vice president for revenue operations at Kia The usa, claimed in a statement.

Subaru observed deliveries skid for the fifth straight month powering a 40 percent fall in quantity past month.

Each and every Subaru nameplate but the WRX/STI posted a decline, with revenue of the major-providing Forester plunging 67 per cent to 4,820.

Thomas J. Doll, CEO of Subaru of The usa, blamed the most up-to-date success — the company’s sharpest decrease of the calendar year — on “a significant shortage of semiconductor chips and other vital elements that immediately impacts our car production.”

Genesis reported deliveries rose 403 % previous thirty day period to 5,300, with the luxurious brand’s two crossovers as soon as yet again combining to quickly outsell combined product sales of the firm’s three sedans.

Mazda documented decrease income for the next straight thirty day period, with Oct deliveries down 14 %. Volume dropped for the 2nd straight month at Volvo, with sales off 19 %. Merged gross sales at the seven important automakers that release regular monthly effects dropped 17 percent in Oct. The relaxation of the sector releases income on a quarterly foundation.

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MasterBeat Corporation’s JTEC AutoWorld Launches its EBAY Auto Parts Sales and Distribution Platform

MIRAMAR BEACH, FL / ACCESSWIRE / September 30, 2021 / MasterBeat Corporation (OTC PINK:MSTO), a company specializing in hard, tangible asset acquisitions with an intense focus on real estate, precious metals, collectible classic automobiles, and other tangible assets announces JTEC AutoWorld has launched the EBAY retail segment as part of its online Auto Parts platform, at www.ebay.com/usr/jtecauto

As JTEC expands the roll out of its automotive online platform(s), utilizing Amazon, eBay and other platforms the company will accelerate its marketing, sales and exposure strategy to increase sales and profitability.

Josh Tannariello, CEO of MasterBeat Corp, stated, “EBAY is just another step in our efforts to increase awareness and product sales via our ecommerce strategy. eBay has more than 180 million consumers worldwide. Auto Parts E-Commerce sales have exceeded $16 Billion in 2020 with mobile phones accounting for approximately $10.4 Billion. The company has also been working on the development of www.JTECAUTOWORLD.COM a one stop online platform that consolidates the automotive industry by listing New and Used Cars, New and Used Auto Parts and providing a nation-wide service provider directory like Angie’s list /Home Advisor for the automotive industry. Anticipating the site to be fully functional in Q1 of 2022.

About JTEC Automotive, Inc.

JTEC Automotive provides classic car restoration services for classic antiques, muscle cars, exotic cars, collector cars, street rods, restomods and pro touring vehicles. JTEC is the one-stop shop for all your car’s needs. JTEC is a full restoration shop, from body work, to mechanical, interior and paint. Our technicians are committed to providing the highest quality of work in the industry. www.jtecautomotiveinc.com

About JTEC AutoWorld

www.jtecautoworld.com

NEW/USED CARS

JTEC Auto World’s “New and Used Car” online platform segment aims to provide, both to the buyer and seller, user-friendly tools necessary to significantly improve the car buying and selling experience with multiple listing options, including original and re-listing services, along with custom research options. The service is available to anyone by simply subscribing, and the JTEC Auto World Subscription is FREE of Charge.

JTEC provides the tools necessary to allow consumers, both buyers and sellers, to make educated decisions, having confidence in their buy/sell transactions. The seamless process continues with additional consumer resources, including a vast nationwide database of auto finance companies, offering pre-approved and on-the-spot financing and top auto insurance providers to compete for the consumers’ business. https://jtecautoworld.com/

NEW/USED PARTS

JTEC Auto World’s “New and Used Auto Parts and Accessories” is where a user can look up new or used parts and accessories for their vehicle and compare prices between them. Individuals, Salvage Yards, Mechanics, anyone can open an account and list any part they may have. A user simply must become a registered subscriber, and then they may buy or sell any new or used car, part, or any automotive product they may have for sale. https://jtecautoworld.com/

NEW PARTS CATALOG

JTEC’s New Auto Parts E-Catalog System, provided by Epicor, features over 12-million-part numbers with an excess of 13,000 manufacturer lines. Epicor’s PartExpert software is

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Aftermarket Product Sales of Internal Combustion Engine Vehicles Will Grow to 2030 and Beyond

ICE Aftermarket Longevity Is Significant to Over 400,000 Business Outlets That Install and Sell Automotive Products Across the U.S.

Peak ICE aftermarket, the year when Internal Combustion Engine Vehicles reach their maximum aftermarket product volume, will not arrive until after 2030.”

— Jim Lang

FORT WAYNE, IN, USA, October 27, 2021 /EINPresswire.com/ — Aftermarket Product Sales of Internal Combustion Engine Vehicles Will Grow to 2030 and Beyond.

“Internal Combustion Engine (ICE) Vehicles will achieve significant U.S. automotive aftermarket product growth to 2030 and beyond, contrary to the widely-held expectations that Electric Vehicles will rapidly eliminate ICE aftermarket product sales,” said Jim Lang, President of Lang Marketing Resources, a leading automotive market intelligence firm headquartered in Fort Wayne, Indiana with over 25 years in the vehicle products industry.

“Peak ICE aftermarket, the year when Internal Combustion Engine Vehicles reach their maximum automotive aftermarket product volume, will not arrive until after 2030,” predicted Lang. “This is significant to the more than 400,000 business locations across the U.S. that repair vehicles and sell automotive products.”

Millions More ICE Vehicles

Despite growing annual EV sales, the number of ICE vehicles on the road will increase between 2021 and 2030.

Regular hybrids and mild hybrids (both have batteries recharged by internal combustion engines) are included as ICE vehicles in this analysis because most mileage of non-plug-in hybrids is ICE powered.

EV Future VIO

While EVs will steadily increase their share of new car and light truck sales in the U.S., their share of vehicles in operation (VIO) will climb at a much slower pace.

Even with aggressive annual sales growth, EVs will account for only approximately 7% of the total VIO by 2030. BEVs will represent an even smaller share.

EV Aftermarket Impact Delayed

Aside from Tires and certain Accessories, cars and light trucks do not make substantial contributions to aftermarket product volume until they are at least five years old. This will delay the impact of the rising annual sales of new EVs on the ICE aftermarket.

EV Low Average Age.

Since the runup in the number of EV vehicles on the road will occur late in the 2020s, EVs in operation during 2030 will have a very low average age, less than 3 years. BEV average age will be even lower, less than 2 years.

ICE Vehicle Aftermarket Growth to 2030 and Beyond

With their relatively small VIO and low average age, Electric Vehicles (PHEV and BEV models) will eliminate less than 2% of ICE aftermarket product sales in 2030, aside from Tires and certain Accessories. BEVs will eliminate an even smaller portion of ICE aftermarket product volume.

As a result, ICE cars and light trucks will continue to increase their aftermarket product volume through 2030 and beyond.

Jim Lang
Lang Marketing Resources, Inc
+1 260-399-1699
[email protected]

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