Fadi Ajam Speaks About Automotive Aftermarket

The projected earnings increases, up to 3.4% in most analysts' estimations, are even expected to more than offset proposed dips in sales of aftermarket parts and accessories. "Advances in technology among aftermarket parts are helping to drive progression in this sector," says Mr. Ajam, CEO of Xanatos Automotive and Black Horse Off Road, two prominent companies of equipment for motoring enthusiasts, visit https://www.crunchbase.com/person/fadi-ajam.

Higher price ticket on premium automotive accessories account for improved profits streams. Low-profile wiper blades are quickly gaining acceptance in the automotive enthusiast area, even as replacements for OEM models that tend to be less expensive. Technology advancements like wheel-hub assemblies with electronic monitoring sensors have replaced private wheel bearings and replacement seals, while the humble fuel pump now comes as a module with sensors in lieu of a direct item replacement. Each of these advances cost more than just their traditional counterparts, increasing costs and capabilities, and have made them sought-after preferences in the aftermarket industry.

Even in a previously stagnant sector like motor oil, advances in technology and user preferences have spurred improved revenue. More companies are specifying synthetic oil blends, driving a vehicle costs upwards while annual per-mile traveling rates have dipped. In the motor oil sector, price improves are seen by analysts as a combination of "trading up", or increased demand for performance by motorists, along with in improvements in OEM vehicle standards.

Private-label replacement parts are an additional aspect that is enjoying increased growth in the aftermarket industry. Automotive lighting is one location where private labeling is seeing considerable increases in market perforation. "Consumers are driving less-- about 400 miles less per vehicle per year-- but demands for state-of-the-art lighting devices have increased," says Mr. Ajam.

 

The forecasted revenue increases, up to 3.4% in most analysts' computations, are even assumed to more than offset proposed dips in sales of aftermarket parts and accessories. "Advances in technology among aftermarket parts are assisting to drive development in this sector," says Mr. Ajam, CEO of Xanatos Automotive and Black Horse Off Road, two famous manufacturers of instruments for motoring lovers. Private-label replacement parts are another element that is enjoying raised growth in the aftermarket business, visit http://theentrepreneurway.com/newsroom/pr/fadi-ajam-weighs-in-on-automotive-aftermarket/.