auto parts News

The $900 Billion Auto Aftermarket: Where Total Losses Turn Into Big Gains

Mike Rosser, a 41-year veteran of the salvage car business, remembers a day when auctions for junked cars drew 30 guys standing in the sun, inspecting mangled cars for intact alternators and transmissions. On this February morning, though, the suburban …

Auto Insurers Warn Tariffs on Auto Parts Could Raise Insurance Costs

A threat by the U.S. government to impose tariffs of up to 25 percent on imported auto parts could hit consumers in unexpected ways: higher repair costs, insurance premiums and even the theft of more cars for their parts, the …

How Carmakers Raise Prices for Spare Parts Based on ‘Perceived Value’: Reuters

Carmakers including Renault, Jaguar Land Rover and Peugeot have boosted revenues by over $1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a …

Car Thieves Now Targeting Vehicles for Parts

While car thefts are declining across the country, stealing car parts and accessories is proving to be a lucrative business for professional thieves. According to the National Insurance Crime Bureau (NICB), organized crime rings are targeting newer vehicles parked in …

Group Warns Maryland’s Auto Repair Bill Could Raise Costs for Consumers

An industry association says a recently proposed bill in Maryland could hurt consumers by limiting insurers’ ability to manage auto body repairs and control costs. Maryland’s Senate Bill 487 (Motor Vehicle Liability Insurance – Replacement Parts for Damaged Motor Vehicles) …

Mississippi Auto Body Shops Ask Court to Halt State Farm’s Parts-Finder System

More than two dozen body shops are asking a Mississippi court to block an insurance company’s program that would change the way they find auto parts. The Mississippi Collision Repair Association and the body shops filed a lawsuit Wednesday in …

Flood Risks Rampant across Asia’s Factory Zones; Insurers Concerned

Global insurance companies are struggling to get a grip on their flood exposure in Asia nearly a year after one of the world’s costliest disasters hit Thailand, with executives fearing an even worse event may strike the region. Some firms …

Thai Floods Batter Global Electronics, Auto Supply Chains

Manufacturers of car parts and computer hard drives are the worst hit in Thailand, and face a bleak key holiday selling season due to massive floods, which have shut down production. Japanese car makers that had just started to recover …