8.9 billion dollars. That’s how much the auto parts industry generated (in part sales) online last year. There’s no sugarcoating it: if you aren’t making the move to online parts sales, you’re falling behind. As online retail giants, like Amazon, Etsy, and eBay, continue to grow and expand, it’s clear that selling and purchasing online is quickly becoming the norm.
According to Statista, Americans spent over $300 billion in online retail purchasing in 2016. Don’t get left behind! Read on to find out exactly why your part selling business cannot continue to remain exclusively brick and mortar.
The Future of Parts Sales (and You!)
As a parts selling business, you know your products better than anyone. However, it’s hard to reach all potential customers in your geographical area: some people simply can’t make it to your dealership to find parts.
That’s why the parts eCommerce industry is currently experiencing, on average, a 15% growth in sales every year: your customers no longer need to leave their home to buy your inventory.
Parts selling eCommerce platforms, like RevolutionParts, are blazing the trail for local dealerships to expand their reach and sell to customers they didn’t even know they had. At the end of the day, if your shop isn’t branching out into the online realm to sell parts, your competitors are likely already doing just that.
The car parts consumer is on average needing (or wanting) more car parts than ever. The purchase of car parts increased 3% from December 2015 to December 2016. While this may not seem like much, it is still indicative that the average vehicle owner is shopping more than they used to for car parts.
This, combined with the fact that a minimum of $4 billion in car part sales took place on mobile devices in 2017, means that your customer base is ever-expanding and always adapting.
What happens if you don’t do the same?
Adapting to the shifting market is crucial in today’s age. eCommerce, especially consumer-facing parts sales, is no longer a thing of the future: it’s the present. Developing a powerful eCommerce platform and marketing strategy with RevolutionParts will keep your dealership relevant in today’s expanding online world.
Hedges & Company reports that forecasted online parts sales will easily hit $10 billion by the end of 2018. This is simply too much potential profit and revenue for your site to miss out on!
While it’s impossible to predict such a wild and ever-changing market, it’s safe to say that digital sales are not going anywhere. The Parts eCommerce industry is exploding, and for you to stay in the running, you have to start sprinting (to the internet!). Let RevolutionParts lead the way.