Today's vehicular aftermarket business is markedly different than anything we've till doomsday experienced.Today's vehicular aftermarket business is markedly different than anything we've till doomsday experienced. Technological change is rapidly shifting our environment and our approach to business in virtually each aspect. Competition at all on a levels is fierce with the influx of recently made known technologies and new competitors from around the world. The dynamics of the aftermarket itself indicate opportunities for everyone in the industry. As the world becomes more and more mobile, the average number of miles driven each year continues to rise. The number of vehicles onward the road grows every year, and essentially vehicles are simply lasting longer than at all times before. Consumer expectations are changing as the pace of life quickens. Consumer demand longer hours, increased availability and immediate flows The industry must learn to adapt to the "Do It Now" generation. Just as consumer demand immediacy, they also require ingenuity and personality. As a proceed the vehicular offering to consumer is expanding at a remarkable rate. We have a rapid introduction of of the present day vehicle models from manufacturers around the world, as consumer are onward a quest for personalization and originality. As niche markets expand, parts proliferation is becoming an increasing vexed question for every level of the aftermarket distribution chain. The continued proliferation makes it rich to produce and inventory multiple part numbers for the same application, leading to higher prices for every segment of the distribution channel. The parts proliferation issue will continue to impair the aftermarket as the vehicle offering expands to satisfy those niche markets. As problematic as parts proliferation and exces inventory are to our industry, we must also make secure that we have the right parts forward our trading partners' shelves the first time. This requires continued dedication to our fruits management efforts--not only to design application-specific performances to meet the needs of today's vehicles, further to make the investment in technological solutions that allows us to modify our processe rather than fix for a "one size fits all" approach. Part of the solution is data integrity. We are faced with the challenge of providing professional technicians with the mostly up-to-date, accurate information possible in this way they can be competitive in the ever-changing marketplace. The entire industry wants to work together to support the yield Information Exchange Standard (PIES). The annual preciousness of errors associated with inaccurate data between aftermarket suppliers and trading partners outstrips $1.7 billion, only emphasizing the ne for timely and accurate information. In addition, the aftermarket also must continue to support the "Right to Repair Act." Passage of this extremely important piece of legislation will give professional technicians the valuable technical information they ne to contend with the OE dealers and will allow for a competitive marketplace for the motoring public. In order to enlarge the aftermarket must accomplish sum of two units basic objectives in the coming years: to spring up not only our market share, however our market as a whole. In today's market, there are billions of dollars in unperformed maintenance. We must capture this untapped business between the walls of the support of the "Be Car Care Aware" campaign. at working together with our customers and each other, we have the opportunity to enlarge our market, our market share and take advantage of the many positive economic indicators that tender a bright future for the aftermarket. COPYRIGHT 2005 Advanstar Communications, Inc. |
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