Auto Parts Suppliers
The domestic Big Three auto parts suppliers are doing slightly better than they were a decade ago, though they still trail their Japanese counterparts. The main market for auto parts is the world’s vehicle manufacturers, which account for about two-thirds of production. The remainder is sold into the replacement and service parts distribution network. The majority of production, however, is still destined for commercial installers.
Shipments of auto parts are commonly made using rail or truck transports. Sometimes, air freight is used to get critical parts to the assembly line in a timely manner. Ships are also used for overseas exports and imports. The shipments of auto parts include OE and OES parts, as well as parts for the aftermarket segments.
Federated Auto Parts is an automotive parts distribution network with over 4,000 locations nationwide. Its mission is to provide quality products to professionals and do-it-yourselfers alike. It has a reputation for offering a variety of auto parts from the nation’s leading manufacturers. The website also has a “Loan a Tool” program to help customers repair and maintain their vehicles.
The steering system is another component of a gas-powered vehicle. It contributes to handling and ride quality. Understanding the various parts of a steering system will allow you to visualize how it works. Similarly, the suspension system is an important component that contributes to the comfort of the ride. Different kinds of suspension systems can be used for different types of vehicles.
As cars become more expensive, many people are looking for ways to cut costs. They may be willing to save money by buying cheaper auto parts, but that will only create larger problems down the road. Taking care of your car and getting regular oil changes will help ensure that your car is safe and reliable. In addition to that, it’s also important to ensure that you have a suspension system that will ensure your tires last for longer.
Although auto parts retail stocks have been underperforming compared to the rest of the retail industry, they finally got going last year. The equal-weighted basket of four auto parts retailers is up 49% year-to-date. Both O’Reilly and Advance Auto Parts are not a great bargain on a valuation basis, but they have still managed to outperform the market. If you’re looking for a way to grow your auto parts business, consider these two companies.
In 2005, the United States imported $95.2 billion worth of auto parts from other countries, compared to $61.6 billion in 1999. Exports of auto parts from the United States increased 18 percent from 1999 to 2006, causing the auto parts trade deficit to nearly triple in the last decade. For the Big Three, the value of imported auto parts has been decreasing over the same period.
Aftermarket auto parts are another good choice for customizing your vehicle. Unlike OE parts, these parts are not designed by the original manufacturer. Instead, they are produced by companies specializing in specific fields. Depending on what you want to achieve, some people may even be able to install them themselves.