When your car needs a replacement part, the first thought is often, "How can I get a quality replacement at the lowest possible cost?" This article delves into the pros and cons of three major options: aftermarket parts, used OEM parts, and brand new discounted parts. We'll explore each option in detail, providing you with the information you need to make an informed decision.
When your car needs a replacement part, the first thought is often, "How can I get a quality replacement at the lowest possible cost?" This article delves into the pros and cons of three major options: aftermarket parts, used OEM parts, and brand new discounted parts. We'll explore each option in detail, providing you with the information you need to make an informed decision.
Aftermarket parts are components made by manufacturers other than the original vehicle manufacturer. These parts are designed to fit and function in your vehicle but are not produced by the original equipment manufacturer (OEM).
According to the Specialty Equipment Market Association (SEMA), the aftermarket auto parts industry was valued at $44.6 billion in 2020 (source).
Used OEM parts are components that were originally manufactured by the same company that made your vehicle. These parts have been previously used but are still functional.
The global market for used car parts is expected to reach $64.6 billion by 2026, growing at a CAGR of 7.2% from 2021 (source).
These are brand new auto parts sold at a discount, often due to overstock, discontinued models, or promotional sales.
According to a report by IBISWorld, the auto parts retail industry in the U.S. generated $73 billion in revenue in 2021 (source).
Choosing the right replacement part for your vehicle depends on various factors, including cost, quality, and availability. Aftermarket parts offer a wide range of options but come with compatibility and quality concerns. Used OEM parts provide quality assurance at a lower cost but may have an unknown history. Brand new discounted parts offer the best of both worlds but are not always available.
Before making a decision, weigh the pros and cons of each option to find the best fit for your needs. Happy driving!
James Rodham
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