The auto manufacturers have a very strong lobby. Well done Governor! You have prevented them from quashing competition. There is nothing wrong with certified aftermarket parts. This was just a ploy to give the auto manufacturers a 5 year unregulated monopoly.
Agreed. These statutes appear to pop up more often than I can remember in the past. We write in all 50 states and usually see most of the bills relating to AM/OEM/CAPA parts in RI. Glad to see other states are knocking these laws down before they are enacted which would really just cause increased rates for all policyholders and wouldn’t have any impact on the safety of the repaired vehicles, which is usually the lobbyists argument when trying to get the bill(s) passed.
Great decision for the insurance industry. Not so good for the consumer. Many aftermarket parts don’t fit as well as OEM parts. If the shop doesn’t spend additional ‘unpaid’ time to get the part to fit properly the consumer’s vehicle is devalued even more. The potential buyer of your vehicle gets a report like Carfax which shows the vehicle suffered a loss. Now they look at it more closely and find the aftermarket fender doesn’t fit as good as the other OEM fender. Of course the car’s resale value is diminished. The insurance industry went to court where it was decided they don’t have to pay for diminished value on third party losses. So much for protecting the consumer.
The auto manufacturers have a very strong lobby. Well done Governor! You have prevented them from quashing competition. There is nothing wrong with certified aftermarket parts. This was just a ploy to give the auto manufacturers a 5 year unregulated monopoly.
Agreed. These statutes appear to pop up more often than I can remember in the past. We write in all 50 states and usually see most of the bills relating to AM/OEM/CAPA parts in RI. Glad to see other states are knocking these laws down before they are enacted which would really just cause increased rates for all policyholders and wouldn’t have any impact on the safety of the repaired vehicles, which is usually the lobbyists argument when trying to get the bill(s) passed.
Not sure why Snyder is still in office. The guy should be rotting in jail for his mass incompetence in the Flint water crisis.
Great decision for the insurance industry. Not so good for the consumer. Many aftermarket parts don’t fit as well as OEM parts. If the shop doesn’t spend additional ‘unpaid’ time to get the part to fit properly the consumer’s vehicle is devalued even more. The potential buyer of your vehicle gets a report like Carfax which shows the vehicle suffered a loss. Now they look at it more closely and find the aftermarket fender doesn’t fit as good as the other OEM fender. Of course the car’s resale value is diminished. The insurance industry went to court where it was decided they don’t have to pay for diminished value on third party losses. So much for protecting the consumer.