Developments in automotive technology such as advanced driver-assistance systems (ADAS) are making cars safer for drivers every day. This evolution leads to fewer collisions — they’re expected to drop almost 60% by 2030 and nearly 80% by 2040 — but it does also put a strain on the once-reliable collision parts and service portion of a dealership’s Fixed Ops revenue. So what’s a Parts Manager to do about this?
READ MORE: How to Protect Fixed Ops Revenue
Shifting focus to the mechanical parts sector will help new car dealerships take advantage of the high stakes related to replacing sophisticated anti-collision parts. Collision repairs revenue is slated to drop in the billions of dollars, and US dealership absorption rate averaged just 57% in Q1 2019, so current ADAS give dealerships a way to secure a foothold in a changing market.
So what now? Parts Departments must take advantage of a growing mechanical OEM parts market by selling online.
Online parts and accessories retail is a booming market — volume skyrocketed from $6 to $12 billion between 2015 and 2019, and is expected to continue growing. eBay Motors boasts 180 million active users, and Amazon will sell $8 billion in auto parts and accessories in 2019. By establishing a dedicated online parts store with RevolutionParts, your dealership can expand your customer base and create a more efficient system for advanced OEM anti-collision parts shopping that drives the volume needed to help your bottom line recover from lost repairs revenue.
Your next step: Get a demo today and learn how you can take advantage of a new market challenge and make your OEM parts business thrive.
Request a demo today at revolutionparts.com/demo
Stay Up-To-Date on Industry Topics
Fixed Ops trends, tips for growing online profits, and more