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The Certified Automotive Parts Association (CAPA) is a non-profit certification organization established in 1987 to develop and oversee a testing program for aftermarket automotive parts. [1] CAPA was created by automobile insurance companies. It was created to control the market on parts used by insurance company contracted collision shops.
The automotive aftermarket is the secondary parts market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer.
Aftermarket in economic literature refers to a secondary market for the goods and services that are complementary or related to the primary market goods, also known as original equipment). [ 1 ] [ 2 ] [ 3 ] In many industries, the primary market consists of durable goods , whereas the aftermarket consists of consumable or non-durable products ...
Capital parts are spare parts which, although acknowledged to have a long life or a small chance of failure, would cause a long shutdown of equipment because it would take a long time to get a replacement for them. Capital parts are typically repaired or replaced during planned overhauls/scheduled inspections.
This page was last edited on 26 August 2019, at 03:02 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
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Exterior of an O'Reilly Auto Parts store in Houston in Texas, United States. Interior of an Advance Auto Parts store in Virginia, United States. An automotive part retailer is a retail business that sells automotive parts and related accessories to both consumers and professional repair shops, through physical stores and websites. [1]
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