HD Dialogue ’07 Has Added New Presenters to Line-up
The 2007 HD Dialogue, organized by the Heavy Duty Manufacturers Association (HDMA), will feature a stellar line-up of analysts and industry experts forecasting the future of the heavy duty industry on Monday, Jan. 22, at The Mirage in Las Vegas. The event will give insight into the global marketplace, future economic and market trends, industry predictions and technology.
R. L. Polk & Co.’s Ask the Industry Asks: How Do You Make Future Business Projections?
In an industry subject to ever changing market conditions, it’s important to have as many tools as possible to help project an accurate business forecast for the year ahead. For this week’s “Ask the Industry,” we asked a number of aftermarket firms what methods they use to make future business projections. Their responses conveyed the high-level of creativity and analysis that goes into predicting future supply and demand.
New Research Shows IPR Laws Could Help Reduce Counterfeiting in Chinese Auto Industry
With the number of joint ventures between local and global automotive manufacturers escalating, there has been a corresponding rise in the risk of counterfeiting, according to new research from Frost & Sullivan. New analysis from Frost & Sullivan, titled “Counterfeiting in the Total Chinese Automotive Industry,” reveals that the counterfeit vehicle parts and components market in China earned revenue of $11.53 billion in 2004 and could reach $44.74 billion in 2011.
HD Dialogue ’07 Focuses on ‘Flat World’ Realities in the Commercial Vehicle Market
The 2007 HD Dialogue, organized by the Heavy Duty Manufacturers Association (HDMA), will address the “Flat Realities” of the heavy duty industry on Monday, Jan. 22, at The Mirage in Las Vegas. The event will give insight into the global marketplace, future economic and market trends, industry predictions and technology.
Study Shows Increasing Miles Driven Impacts Filters Segment
The North American aftermarket for selected filters is likely to benefit from the increase in the average annual miles driven per vehicle, according to a new report from Frost & Sullivan. This, along with aggressive advertising for oil and filter changes at regular intervals, is expected to significantly drive replacement demand of oil filters. Likewise, the demand for transmission filters will increase due to the growing installation of automatic transmissions. Changes in engine design will necessitate frequent changes in air-filter design, thereby driving unit shipments of air filters.
Redefining Reman
For many reman products, the core market remains healthy. According to Frost & Sullivan, however, metal prices have gone up, creating increased competition for cores, making it more difficult for remanufacturers to obtain certain hard-to-find ones. The study says that scrap metal is so valuable that people are buying up starter and alternator cores to sell as scrap rather than for use by remanufacturers. Thus, among certain product categories, the core market is tightening up, creating additional pressures.
EPA Regulations Help Drive Class 6-8 Truck Chassis Systems and Components Aftermarket, Analysts Say
As the Environmental Protection Agency (EPA) regulations on reducing emissions from class 6-8 trucks approach their final implementation phase in 2007, the trend of pre-buying trucks is becoming more prevalent. As replacement opportunities increase with the age of the truck, unit shipments for class 6-8 truck chassis systems and components in the short to medium term will increase.
Consumer and Installer Education to Drive Cabin Air Filters Market
The North American Cabin Air Filters (CAF) aftermarket is likely to witness consistent growth due to improving sales of vehicles fitted with CAFs and an increasing number of vehicle owners realizing the importance of CAFs in enhancing air quality. New analysis from Frost & Sullivan reveals that the North American Cabin Air Filters Aftermarket earned revenues of $44.1 million in 2005 and estimates it will reach $178.3 million in 2012.
LIVE FROM GAAS — Who Needs Marketing? You Do
In today’s increasingly competitive marketplace, promoting your business or brand with strong marketing isn’t just a strategy. It’s a necessity. …according to some. Others aren’t so sure it’s of value.
Increased Awareness and Benefits of Performance Exhaust to Further Drive North American Exhaust Components Aftermarket
The adoption of direct-fit systems in the standard replacement market and cat-back units in the performance exhaust segment has added to the increase in average price of exhaust components. This growth presents an opportunity for manufacturers to introduce new and exciting products. New analysis from Frost & Sullivan’s Automotive & Transportation group North American Exhaust Components Aftermarket reveals that revenues in this industry totaled $751.1 million in 2005 and expect to reach$991.7 million in 2012.