Industry Analysis & Industry Trends
Motor vehicle parts wholesalers have been lucky over the past five years, despite troubles within the automotive sector brought about by the recession. Their revenue is forecast to fall by just 0.8% annually over the five years through 2011-12 to £10.3 billion. This will be due to an ageing car parc (the total number of vehicles registered), which will promote the demand for replacement parts. Older vehicles typically require more maintenance and repair than newer, more technologically advanced vehicles. The number of cars on UK roads is also forecast to increase during the period, which will back demand for replacement parts. However, conditions in the industry during the financial crisis were not completely positive... purchase to read more
Industry Report - Industry Analysis Chapter
The automotive sector in the UK and across much of the globe has been troubled over the past couple of years due to the financial crisis and lower demand for cars in mature economies. Parts wholesalers and retailers have been luckier than carmakers and component manufacturers though, as they serve both the new car market and the aftermarket. Demand for replacement components, which are used in existing vehicles needing repair or upgrading, tends to be less volatile than the demand for parts used in the assembly of new motor vehicles. As a result, the revenue of the Motor Vehicle Parts Wholesaling industry is forecast to fall by just 0.8% annually over the five years through 2011-12 to £10.3 billion... purchase to read more