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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. The parts ...
Aftermarket Parts: These are replacement parts made by companies other than the original manufacturer. They can serve as cost-effective substitutes for OEM parts. Used or Second-Hand Parts: These can be either OEM or aftermarket parts that have been refurbished and resold at a lower price. [2]
Supply chain pyramid. An original equipment manufacturer (OEM) is a company that produces parts and equipment that may be marketed by another company.However, the term is ambiguous, with several other common meanings: It sometimes means the maker of a system that includes other companies' subsystems, an end-product producer, an automotive part that is manufactured by the same company that ...
This is a list of auto parts, which are manufactured components of automobiles. This list reflects both fossil-fueled cars (using internal combustion engines) and electric vehicles; the list is not exhaustive. Many of these parts are also used on other motor vehicles such as trucks and buses.
Standard Motor Products, Inc. (NYSE: SMP) is a manufacturer and distributor of automotive parts in the automotive aftermarket industry. The company was founded in 1919 as a partnership by Elias Fife and Ralph Van Allen and incorporated by Fife in 1926.
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 ...
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A replacement automobile engine is an engine or a major part of one that is sold individually without any other parts required to make a functional car (for example a drivetrain). These engines are produced either as aftermarket parts or as reproductions of an engine that has gone out of production.