Parts Are Back

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Fixed Ops Insight - June 11, 2012

A dealer’s parts depart­ment is the last rung on the whole­sale parts lad­der. The eco­nom­ic cri­sis that began in 2008 deeply affect­ed the glob­al auto parts whole­sal­ing busi­ness. As the demand for new cars and trucks seems to be on the rebound, auto parts sup­pli­ers are see­ing increased sales and rev­enue, accord­ing to a new study by IBIS­World.

The world­wide reces­sion caused auto sales to plum­met. A num­ber of parts sup­pli­ers were on shaky finan­cial ground pri­or to 2008, and the eco­nom­ic down­turn pushed them into bank­rupt­cy. This caused sig­nif­i­cant changes in the rela­tion­ships between sup­pli­ers and OEMs. Last year’s earth­quake in Japan put even more pres­sure on sup­pli­ers. This sit­u­a­tion caused sup­ply short­ages, affect­ing deal­ers.

The IBIS­World study indi­cates the indus­try is mak­ing a come­back, albeit with few­er parts sup­pli­ers. Magna Inter­na­tion­al, DENSO Cor­po­ra­tion, Robert Bosch GmbH, and Del­phi Cor­po­ra­tion are the largest play­ers. The sur­vivors, how­ev­er, emerged stronger and more inno­v­a­tive.

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