Industry Report - Industry Analysis Chapter
The Motor Vehicle Dismantling and Used Parts Wholesaling industry has faced challenging operating conditions over the past five years. Demand from smash repairers has been subdued, with advances in crash-avoidance technology reducing the need for used vehicle body parts. The growing availability of cheaper new imported vehicles and parts has also negatively affected the industry over the period. A strong dollar at the start of the past five-year period, and free-trade agreements with major vehicle manufacturing countries, such as Thailand and Japan, have made new vehicles more affordable, and have encouraged consumers to upgrade from their existing vehicles. At the same time, new motor vehicle parts became less expensive, boosting their attractiveness as an alternative to used parts. The...purchase to read more.
Additional Insights for the
Motor Vehicle Dismantling and Used Parts Wholesaling
Industry
IBISWorld has determined the most important Key Success Factors for the Motor Vehicle Dismantling and Used Parts Wholesaling are:
Effective product promotion Prompt delivery to market Having a good technical knowledge of the product
IBISWorld analysts also discuss how external factors such as Average age of vehicle fleet and Demand from motor vehicle body, paint and interior repair in the Motor Vehicle Dismantling and Used Parts Wholesaling industry impact industry performance..
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