Why sell parts online?
Because the global automotive aftermarket size is expected to reach USD 513.8 billion by 2027, registering a CAGR of 4.0% over the forecast period, according to Grand View Research (2020). Both the volume and the size of the automotive online market has grown significantly globally. According to stats from the European market, the online sales volume of the automotive industry is growing by 7-8% yearly and is expected to reach a EUR 3.6 billion by 2025. The stats from the North American market shows the US automotive parts industry nearly doubled in the 7 years from 2009 to 2016. Online parts sales in Canada will reach CAD 3.8 billion/USD 2.9 billion, which in Mexico will amount to around USD 700 million in 2019.