pic

NEWS

NEWS INFORMATION

Analysis and analysis of the current situation of the auto parts industry in the automotive aftermarket

According to statistics, the annual consumption scale of auto parts in the aftermarket is about 500 billion. B2B e-commerce has entered the parts distribution industry from different angles, hoping to change the existing distribution and distribution system, such as Kangzhong - wearing parts / brand parts, Batulu - car parts, A, B, D - tire oil. There are several problems in the supply chain finance of auto parts, but related companies are trying to solve them

According to statistics, the annual consumption scale of auto parts in the aftermarket is about 500 billion. B2B e-commerce has entered the parts distribution industry from different angles, hoping to change the existing distribution and distribution system, such as Kangzhong - wearing parts / brand parts, Batulu - car parts, A, B, D - tire oil. There are several problems in the supply chain finance of auto parts, but related companies are trying to solve them
Confusion between price and quality: From the perspective of price, auto aftermarket parts are divided into three categories: original parts/brand parts, sub-factory parts/imitation parts, dismantled parts/smuggled parts, and the three parts are in a state of being mixed and indistinguishable. . In the future, when the national anti-monopoly policy is implemented, it will be possible to gradually clarify the sub-factory's name.

Inherent warehousing and logistics system: We estimate that the inventory of spare parts in the automotive aftermarket is about 200 billion to 400 billion. A large amount of inventory is accumulated in the circulation link, so that the agents have a large warehousing and logistics system, such as tire dealers have their own building warehouses. The cost of moving into a third-party warehouse is high, so it is difficult to adequately control the goods. This is also the environment where the most financial risks occur. At present, only Kangzhong manages the B2B platform by self-built warehousing, and most of the other platforms use the existing warehousing system.

Inaccurate data: Inaccurate data on parts and components in the automotive aftermarket is the norm, leading to routine returns and exchanges, making it difficult for financial institutions to accurately estimate the value of goods. There are several reasons why the data is not allowed:

1. The main engine factory has its own parts labeling system, which is not open, and the post-market generally relies on brute force cracking.

2. Brand parts and imitation parts have their own independent labeling system, which is inconsistent with the OEM and needs to be matched by the OEM system.

3. After the two data are matched, the problems in the practical link are not fed back to the data company to further calibrate the data, resulting in the inability to improve the data quality. Data companies such as Angmi are open-sourcing their data to terminals to continuously improve data quality.

4. Low credit of terminal repair stores: Repair stores usually rely on credit to control the quality of parts and components, while traditional dealers evaluate the credit of terminal stores through long-term tracking by salesmen and give account periods. However, the advantage of B2B platforms is that they have a complete range of categories, not customer sentiment. They have weak control over stores, so it is difficult to assess the risks of stores, so they are not willing to take full responsibility for store receivables.

What do auto parts include?

2022-08-23


1. Auto parts include: from the structural point of view, all "parts" are "whole" parts; from the production point of view, independent enterprises produce, and all parts for the main engine factory are parts. Generally speaking, there is not much difference between parts and components, but another related concept - assembly is different. It refers to a self-contained system and can be considered as an independent auto part. The editor of Guangzhou Handa Automobile College gives an example: Such as engines, transmissions, etc. However, it is worth noting that due to some historical reasons, tires, batteries, instruments, windshields and other parts. Although they belong to the "related parts" matched with automobiles, in a broad sense, they can also include in auto parts. 2. Auto parts have a narrow sense and a broad sense. As far as auto parts in a broad sense are concerned, in addition to the varieties that are used to be listed as parts in current production, key assemblies such as engine assemblies and transmission assemblies and some related parts, as well as casting and forging blanks, are also listed as parts. An object to study a component. In addition, although the body is often single column in statistics, they are also considered as generalized auto parts. Some countries in Western Europe also list the raw materials that directly affect the development of automobiles, such as automobile sheets and paints, as part of the auto parts industry and pay special attention. 3. Countries do not have a unified classification method for auto parts, and they are generally classified according to a single principle according to their own purposes.

Auto parts can be classified by end use

2022-08-23


That is, it is classified according to the different parts installed in the car. For example, there are body parts, transmission parts, chassis parts, etc., which are mainly used in business or statistics. Example: For example, there are 7 categories included in the statistics of the Japan Parts Industry Association, with a total of 130 parts. (1) Engine parts: a total of 29 parts, the main parts are pistons, piston rings, cylinder gaskets, gaskets, valves, fuel pumps, electronically controlled fuel injection pumps, etc. (2) Electrical devices and electronic devices: 12 in total, the main components are starter, alternator, spark plug, engine control device, electronic device for braking system, electronic components and sensors, etc. (3) Lighting, instrumentation and other electrical and electronic devices: a total of 15, the main components are headlights, speedometers, wiper motors and other motors, various switches, steering locks, wiring harnesses, etc. (4) Parts of power transmission device and control device: a total of 26 parts, the main parts are clutch driven plate, manual transmission, automatic transmission, steering assist device, constant velocity universal joint, transmission shaft, wheels [steel, light alloys), transmission levers, etc. (5) Parts of suspension and braking device: a total of 20. The main parts are leaf spring, shock absorber, braking device (brake drum, brake disc, brake booster, brake hose, etc. ).

Auto Parts by Market Structure

2022-08-23


The auto parts are divided into the following four categories according to the maintenance market, the supporting market and the export international market: Class A - Repair market parts, parts for auto repair services. Category B - general accessories, parts for two or more basic model series, facing the national market. Category C - special accessories, parts that serve a single basic model series, oriented to local markets. Class D - export-oriented parts, mainly for export. For the international market. Usually, only auto parts are divided into two categories: assembly and repair.