The automotive industry is comprised of several verticals, namely – design, manufacturing, marketing, sales, and other surrogate components. It is a cluster of organisation and enterprises that are involved with the verticals mentioned above. It is one of the top ranking eco-sectors in terms of revenue which plays a major part globally. Over the last few years, there have been various advances in the industry in terms of the material used for manufacturing, the genesis of the connected car – is basically a car that is connected to the internet and enables data collection and exchange through the Internet of Things (IoT). Steel no longer dominates as the primary material used in manufacturing. The emphasis laid on energy conservation and environmental conservation has made it imminent to find sources that meet this requirement.
The industry, in turn, has responded by reducing the weight of the vehicle and the electric engine. That being said, since the vehicles now have moved past the basic utility phase, and now come equipped with advanced functions and electrical devices, this has only further increased the need for various automotive parts. The question that remains is how is the automotive part industry going in the current ever-evolving scenario. What are the new advances in automotive parts manufacturing? Let’s have a look.
With the launch of TMall by Bosch Automotive Products and its subsequent success (9 million USD in its premier year), has lead to other many others following in their footsteps. This had resulted in a massive advent in e-auto part shops. This trend is more popular in the western countries due to the more structured after-market then that compared to the eastern countries. But this definitely seems like one of the directions this industry is heading towards as it’s easier and more convenient for customers.
An area that remains untouched is the import and export of automotive parts, as it is one of the most-used mediums for the sale of auto parts. The importers are especially making the most of this situation by bringing in raw materials that are innovative, durable yet lightweight. As mentioned earlier it is one of the major contributors that pushes the industry forward towards energy-efficient models.
Another trend seen is the DIY (Do-It-Yourself) or DIM (Do-It-For-Me) trend. The customers are now purchasing or sourcing auto-parts online and then either installing it themselves or heading to the workshop to get them installed. This has also forged forward a new service that the insurance companies are offering – Insurance against having the wrong parts install and similar issues with the breakdown or failures of these parts. The DIY trend has also been lucrative for junkyard car dealers, the parts are sourced from used cars and sold to potential customers trying to save up. Used car dealers are also reaping the benefits of this trend as more and more people are buying a used car and fixing it up.
While these are some of the trends that are on the rise, let’s now look at it from a more micro perspective. Which parts are being replaced the most and what are the best ways to source them?
Now there are some parts that are more durable than the other: parts that are exposed to daily grind deteriorate at a fairly estimable time-period. Also the way one drives, the climatic condition, and the miles covered can all have an effect on the condition of the parts. Different parts need to replaced at different length of times, depending what it is, that you are looking at. For instance, Oil and oil filter will have to be replaced approximately every three to six months, brand new tyres would have to be put in every 5 to 7 years. The same goes for the head and the taillights needing to be replaced approximately around 5 to 7 years of use. This article gives an insight in to the most replaced auto-parts and the timeline for each. Here’s another one that looks at the car-replacement calendar.
It’s easy to get ripped off when paying automotive parts. Another area that’s dicey is the cost of the replacement. For instance, if you score a deal on brake parts, the brake replacement cost can sometimes break your budget, so it’s important to not only research how to get good parts, but also find trusted mechanics to install them. Or, equip yourself with thorough knowledge if you intend to give it a go yourself.
This article helps you get the basics covered while buying car parts. While some tips are simply common sense, it is better to have this list handy when sourcing for auto-parts. To summarise, do your research well! The article suggests Car-Part.com and Ebay as two places you should check to get an estimate of the prices the parts can go to as per your area and your usage. Another good tip is to always buy verified parts. Look for coupons and always source for rear parts in person. If all else fails, find a trusted dealer, and build a relationship with him or her so that you get a deal on the parts in the future.
Now for the DIY’ers: The website Lifehacker belts out some amazing tips to start you off on your car-repair journey. But first, the basics – Know your car parts and how to buy them. Now that you have that sorted, the next step is to look at the essentials of DIYing. Start small with repairs that are not too complicated and won’t do any heavy duty damage to your vehicle. Here’s a list of auto-parts replacements you can DIY despite your technical how-know. They key is to know when it’s better not to DIY. For instance with cambelt and water pump replacement, it is best to get an expert to do it, as there is no point in bending the valves and having to shell out 10 times more than the initial cost of the replacement. So, know when to draw the line.
Knowing your parts, sourcing from trusted dealers, knowing the market and installing it correctly is the key to keep your vehicle in good shape.