The Pulse: The Importance of Value Added Programs - aftermarketNews

The Pulse: The Importance of Value Added Programs

Each week, The Pulse provides insight into the buying, sourcing and brand-loyalty habits of counter personnel and professional technicians. This week, using focus group research from AASA's Manufacturing Executives Council we look at the importance of value-added programs from manufacturers.

The Marketing Executives Council (MEC) of the Automotive Aftermarket Suppliers Association (AASA) recently released a Special Report analyzing the buying influences on the independent repair industry. The MEC commissioned an independent third party to conduct a series of focus groups to determine the buying influences of repair professionals. Focus group meetings were held in Raleigh, N.C., Chicago, Ill., and Los Angeles, Calif. Nearly 60 participants were recruited from independent repair shops and included shop owners, technicians and/or service advisors.
 
In the study, focus groups were asked: How important is it to you that a manufacturer has value-added programs. Focus group discussions yielded surprising responses, said the MEC. Results of the study showed that marketing programs are not respected. “Many of the participants said they just don’t have time for marketing programs such as contests and rebates any more. They want a quality product first and foremost – marketing programs won’t change that,” the MEC wrote in its Executive Summary.

Participants were asked to rate how important the following value-added programs or essential services are when selecting a particular part on a scale of one to five, with one being low and five being high:
·    Marketing programs such as spiffs or rebates
·    Toll-free technical service hotlines
·    Training programs
·    Printed and online catalogs that comply with industry accepted standards and formats
·    Local availability and widespread distribution
·    In-field sales force
·    Product warranties

Local availability and warranties ranked as most important, as seen in the chart below.

The AASA Manufacturing Executives Council Special Report, “Independent Repair Industry: Focus Group Findings on Buying Influences of Repair Professionals,” includes an Executive Summary of the findings, detailed reports and charts of the focus group discussions and the conclusion which analyzes the long-term implications of the focus group findings for the entire North American aftermarket channel.
 
The report is available for free download at the AASA Web site by clicking here.

You May Also Like

J.D. Power: BEV Owners Experience More Vehicle Problems

The study found that owners’ experience with BEV advanced technology is more problematic than with ICE vehicles.

Battery-electric vehicle (BEV) owners experience more problems with advanced technology than do owners of internal combustion engine (ICE) vehicles, according to the J.D. Power 2023 U.S. Tech Experience Index (TXI) Study, released on August 24. The study focuses on the user experience with advanced vehicle technology as it first comes to market and is an early measure of problems encountered by vehicle owners.

AAA: The Lifesaving Potential of Driving Assistance Tech

AAA forecasts that 37 million crashes could be prevented over the next 30 years with ADAS.

S&P Global Mobility Report: Aftermarket May See Boom

The share of vehicles more than eight years old will increase, the report says, signaling increased aftermarket business.

57% of All Diesel Trucks on Roads Are Near-Zero Emissions

New near-zero emission diesel trucks on the road increased 10.2% from 2021 to 2022, according to the Diesel Trucking Forum.

Digital Influence on Auto Parts to Reach $200B by 2026

The impact of digital media on retail sales will be $177 billion in 2023 in the US, according to Hedges & Co.

Other Posts

Consumers in Canada Sour on EVs, J.D. Power Finds

More than 60% of respondents said they’re unlikely to consider an EV for their next car.

Edmunds: Pent-Up Demand to Prop Up New Car Sales in Q2

Edmunds forecasts that more than 4 million new cars and trucks will be sold in the U.S. in Q2 2023.

SEMA: Specialty-Equipment Market Sees $51B in Sales in 2022

Pickup accessorization remains the biggest segment for the industry, topping $15 billion in sales, the study found.

2023 SEMA market report
EY Research: Nearly Half of US Car Buyers Want to Buy an EV

US consumer interest in electric vehicles is at an all-time high, according to the EY Mobility Consumer Index.