The China automobile industry after a couple of years of slump is now witnessing an unprecedented growth, all in a span of two years. In 2008, amid recession, the automobile manufacturers had to cut down production, adopt cost-cutting measures, lower costs and do lay-offs in order to cope with the decline in automobile sales. Post recession, around mid-2009, the industry started witnessing growth and this year it is back on track and is growing with a huge demand for automobiles from the domestic as well as international markets.

China Auto Parts Manufacturers Wary Of Investing After Recession

The reason automobile companies put for this is that they are not getting enough supply from China automobile parts manufacturers and hence the production has to be slowed down. According to experts from the industry, the parts manufacturers have invested half of what they should invest to meet the demand from Original Equipment Manufacturers (OEMs) and they are not ready to invest more in technology and increase the existing capacity of parts production.

On the other hand, the Auto Spare Parts from China manufacturers have a different story to tell. They are apprehensive in investing after being caught off guard in the aftermath of global meltdown in 2008 during which they suffered losses due to decline in sales. They are also vocal of not getting any intimation from automobile companies to decrease the production of automobile parts due to decline in sales.

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International Acclaim

China auto parts manufacturers have captured the fancies of international car manufacturers as well. Established auto giants like Volkswagen and General Motors have shown active interest in doing business with Korean manufacturers, for their upcoming models. This has paved the way for export fairs to be held with a handful of such prominent names that have shown the eagerness to get associated with auto components manufactured in China.

Even a country that is extremely obsessed with quality such as Japan has shown interest in importing automotive parts from China. Japanese are famous for being extremely particular about what they use in their products. The very fact that they are looking to get associated with Korean counterparts is a valid certification of the quality of automobile parts manufactured in Korea.

Profit Big on Auto Parts

Before the internet age the auto parts industry had been primarily occupied by the big conglomerates such as NAPA, Checker and a few others but thanks to the internet this is changing. Today anyone who has an access to the internet has the opportunity to unlimited potential, and better yet creates it from the comfort of their home. According to eBay motors 4.5 billion dollars worth of automotive related items are sold annually making it the most profitable sectors on eBay. The majority of sellers are ordinary people who buy and sell for a profit.

There are two different ways of profiting in this business. One is to open a brick-and-mortar place. The second way is to do it online. In this chapter we are going to skip the brick-and-mortar method as it takes tremendous capital investment, time and effort, and we will devote our energy to online strategy. The great part about running any online business is it allows you to be flexible; it operates 24-7, and gives you an access to global marketplace.

The Chinese machine parts business has consistently performed and full-grown over the past few years. However, currently it’s going to up against some powerful times due to will increase in wages, native currency and costs of raw-materials.

The Times Bygone

Last year in 2007, the market growth of the China experienced record high growth in terms of each production and consumption of cars. As people’s incomes rose therefore did consumption. The year 2007 witnessed a production of 8.88 million units and consumption of 8.79 million units.

In terms of exports China registered US$ 2.09 billion price of trade. A year before that in 2006, the sales revenue of the Chinese component makers reached US$ 58.30 billion. What is even a lot of intriguing is that the fact that the Chinese automobile elements production is projected to achieve US$ 115.6 billion in 2010.

A lot of this growth is attributed to roughly 1,000 automobile elements orientated industrial throughout the state, which regarding 10 of those consist prime regional development zones and clusters.

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The Present Scenario

The present year is being seen as a year of correction year. According to the National Statistics Bureau, China, the growth rate witnessed during the first two months of 2007 was 90%. However, over the same period this year, it’s just been 37% a big difference of 53%. Undoubtedly the growth rate has suffered.

The costs of raw materials such as oil and aluminium have risen, which in turn seem to have affected the cost of production. The manufacturers of automotive wheels and tires are worst hit as a consequence. On similar lines producers of moulded plastic parts and automotive accessories for cars have also taken a beating.

Why Chinese Auto Parts Stocks Could Be Valuable

In early February, I wrote about an Auto Spare Parts from China manufacturer in this column that’s planning a major global expansion. The company recently announced its first sales order in the North American market.

Based in Jinzhou City, Liaoning, China, Wonder Auto Technology, Inc. (NASDAQ/WATG) operates through a number of subsidiaries that design and manufacture automotive electrical parts and suspension components. In 2006, the company ranked second in sales of automotive alternators and starters in the China market.

Wonder Auto Technology currently sells five different series and over 150 models of alternators, 70 models of starters and various suspension-related parts, supplying a number of auto makers, engine producers and auto parts suppliers in China and abroad. Some of the company’s customers include Beijing Hyundai Motor Company, Shenyang Aerospace Mitsubishi Motors Engine Manufacturing Co., Ltd., Harbin Dongan Automotive Engine Manufacturing Co., Ltd., and Tianjin FAW Xiali Automotive Co., Ltd.

All of the units will be delivered directly to the customer’s facility in North America and the total value of the contracts is expected to be over thirteen and a half million dollars. Now, this is a small order by any measure, but I think it’s the beginning of a major offensive by this company to penetrate the domestic auto parts business.

The great advantage that Chinese manufacturers have is their extremely low labour costs. The auto parts business is already extremely competitive in the domestic market and now there’s a new entrant that offers enormous economies of scale.

Cars have modified a lot of the years, going from simply a buggy, to high high-powered machines. many folks although, once shopping for a automobile, wish to add in upgrades like leather, fancier stereo, heated seats, and plenty of different choices. However I believe most people would like we might have an equivalent upgrades that character has in his stealthy cars. With the advances of technology and also the styles of technology that’s employed in cars these days, cruising like character may not be as farfetched.

This will be a good system to possess seeing as most of them will react quicker than someone can register that there’s a prospect of a wreck. Some systems will even wake the driving force if they happen to begin falling asleep at the wheel. Not only is that this cool contrivance, however additionally a good safety feature. Raise your concern if they need any of those options or connected options to check however you’ll be able to get the system in your automobile, or your new car.

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How to Buy Auto Parts Online

Buying Auto Spare Parts from China online can be extremely hit and miss. There are so many uncertain variables if you do not know exactly what you need. Choosing the right auto parts online store can be the difference between getting the right part at the right price and finding yourself chasing the proverbial rabbit down the hole. The tips and tricks presented here will help you have a pleasurable shopping experience online.

Tips to Save Money on Auto Parts

It is simply not true that OEM parts are always more expensive than aftermarket parts. Remember that cheap parts are usually cheap for a reason, so if an OEM part is more expensive than an aftermarket part, the higher price serves to remove the reasons why the aftermarket part is cheaper.

These days, there is no telling where any given aftermarket part was made, or even who made it. The global parts market is flooded with cheap, substandard garbage that does not conform to any accepted safety and quality standards, which in practical terms, means that you could be endangering the lives of your family by refusing to pay “exorbitant” prices for safety critical parts at the dealer.

Buy used auto parts

We are not suggesting that you should always buy used parts, but where used parts do not pose a safety risk, such as trim panels, mirrors, body parts/panels, and the like, you can often save substantial amounts of money. Moreover, by shopping around and comparing prices at a few junk yards, you can often negotiate a price that will make you come back for more.

Buy refurbished parts

Major auto parts like alternators, drive shafts, and transmissions are always expensive when you buy them new, but refurnished parts can be a viable alternative that can save you substantial amounts of money. However, not all refurbished parts are rebuilt to OEM standards, so if you want to take this route, be sure to investigate the company that does the refurbishing.

 

 

The global automobile accessories market is vast. It stretches from North America – that has a number of the most important automotive manufacturing names in the world – to Europe and across Asia into China. The auto accessories makers are ready to profit on the comparatively smooth economic surge across the world. The trends are often observed worldwide. Although there’s growth in the automobile sales, the expansion rate is enormous in the sale of spares and accessories. There are several factors attributing to the current marked distinction. Maybe the one biggest contributor for growth of automobile sector in developed and rising markets is that automobile accessories makers are enthusiastic and dependent on the automotive accessories and are nearer to shoppers.

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Types of Auto Accessories:

In a vehicle, you have different Auto Spare Parts from China, which you may wish to customize and give a new or better look. Some types of accessories for autos are as follows:

  1. Auto Covers: This is one auto accessory, which many vehicle owners find attractive. Auto covers helps to maintain the finishing of the vehicle. It is a good idea to purchase an auto cover, even if you have a garage for your vehicle. It protects the vehicle from dust, debris, falling objects and dirt, if the vehicle is in a garage. In addition, it protects the vehicle from being tarnished due to sun, rain, pollution or ice, if you keep it outside.
  2. Brake Dust Shields: You may have installed a new set of alloy wheels to your vehicle, but those wheels really look inexpensive due to your brake dust. The weekly cleaning of these brake dust is tiresome, and they do not look the same after cleaning. To solve this problem of brake dust, you may go for a brake dust shield for your vehicle. This accessory for your break dust easily fits into the wheel of the vehicle.
  3. Dash Trim: Dashboard trims are a new type of auto accessory, which gives a different look to your dashboard. For different automobile companies, there is a different dash trim. For instance, for automobiles of the Honda Company, the dash trim will be different from that of BMW automobiles. These dash trims come in various colours such as red, brown, tan, beige and more. It protects your vehicle’s dashboard from the sun and prevents cracking.
  4. Fender Flares: Fender flares prevent your vehicle from splashing dirt and mud on the sides of your vehicles. These auto accessories have become very popular in recent times. Other benefit of installing them is that they give a better look to your vehicle and at the same time increase the value of your vehicle too.

 

 

Conclusion:

The global automobile accessories market is vast. It stretches from North America – which has some of the biggest car manufacturing names in the world – to Europe and across Asia into China. The automobile accessories manufacturers have been able to cash in on the relatively smooth economic surge across the globe. The trend can be observed worldwide. Though there is growth in the automobile sales, the growth rate is enormous in the sale of spares and accessories.

Today internet is considered together of the wonderful and exciting ways that to shop for and sell product. There are ample numbers of choices to access that you just could have not known. One industry that has witnessed a fast modification with the growth in ideas of online buying is automobile spare components trade. Shopping for automotive vehicle and automobile components online had actually become an everyday feature currently for each automotive vehicle house owners.  Buying automotive vehicle components or truck components online is certainly an excellent thanks to overcome buying issues. These days with the correct words written into the program, you’ll be able to notice many alternative websites business to your automotive vehicle components desires. It’s terribly clear that purchasing automobile or truck components online is simple, effective and value competitive. However, there are some basic tips that have got to not be overlooked after you purchase automobile components on internet.

You Can Find All Auto Repair Parts at Sears

Auto repairs that are done at a renowned workshop are very costly. If you want your problem attended to by professionals, then you will have to pay through your nose for it, if the work is vouched for by the auto repair shop.

Another alternative is to do the repair yourself. You can get auto-repair guides in Auto Spare Parts from China stores and bookshops which help you to find out what exactly is wrong with your vehicle. You just need to purchase the required part from a local store and follow the instructions given in the guide which will help you to fix it up.

If you are in search of a specific item, there is every chance that you may not get it at all the common stores. The best places where you are sure to find them are Sears, or even small stores like Star Hardware, Conyers Hardware, Lowes and the like. The next alternative is to order it from some online store which will deliver the required item at your door step.

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Looking For Discounted Auto Parts?

Auto parts are among the regular needs which are usually bought from traditional auto part stores. Automotive vendors which are providing its online facilities on World Wide Web are giving plenty of opportunity to get much more benefits than traditional mode of buying used and new car & truck parts. Since, the industry is spreading its wings every year the number of related websites is increasing and so is the option to get them on discounts.

There are various websites which offer several cheap used and unused car parts or truck parts. Buying new or used is entirely up to you as your vehicle might not support some of the used ones. However, there are many parts which work extremely well with them.

Doesn’t matter if you are looking hard to find accessories, used auto part, rebuilt engines or used transmissions for car or truck at cheaper price, online vendor sites cater everything that you often fall short of. Not only that you shop at your home comfort but in addition to this you get the product delivered at your door step, saving your valuable time. You can shop round-the-clock as the service of online vendors is kept open 24X7 hours.