Globally the automotive parts market is valued at more than 665 billion euros, as expected, Europe commands the greatest part of this demand with 160 billion euro worth of part sales occurring in this region alone. Over the last five years consumers have been holding onto their vehicles for longer which has supported this demand for replacement parts. Critics say that this demand will only increase further over the next five years and in response we urge franchised dealers in the European region to take advantage and claim their share of the action!
“Europe commands the greatest part of this demand with 160 billion euro worth of part sales occurring in this region alone.”
Online marketplaces have been available for a number of years and are nothing new to the consumer market however, marketplaces exclusively for automotive dealers have not yet reached majority. PareX is an online vehicle parts trading platform available only to franchised dealerships. This exclusive trading platform allows franchised dealers to login, list their parts and sell them in up to 64 different countries. Conversely PareX also solves customer service challenges for dealerships trying to source hard to find parts, eradicating long delays for repair orders by using the tool to source and ship the compatible genuine part from anywhere in the world.
Another benefit of PareX as on online marketplace, is that it operates as an integrated part of your dealer management system – no more double entry of parts data across multiple systems!
Does your dealership want to take advantage of this exclusive online parts trading platform? It is as easy as signing up to Parex for just 50 Euro a month.