GlobalAutoIndustry.com – Article: The Explosive Growth Opportunity in China’s Automotive Aftermarket
Add to this a recent push by the Chinese government to allow sales of original equipment service (OES) parts by independent service providers, coupled with the emergence of digital platforms for accessing services, the conditions are ripe for discontinuous expansion of the independent aftermarket (IAM).
All of these factors are contributing to an explosive expansion of the automotive aftermarket services business in China. In this environment, automakers and suppliers are seeking ways to offer a clear and differentiated value proposition in order to succeed in the aftermarket, and they must act quickly to compete with new entrants who are seeking to disrupt the traditional service model.
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Source: Gao Feng Advisory Company – GAI