BlackmoreConnects™’s Post

🚗 Exploring the US Automotive Aftermarket 🚗 Our Business Development team at Blackmore Partners has been analyzing the evolving trends in the US Automotive Aftermarket. The market is divided into three main categories: Replacement Parts, Service Channels, and Distribution Channels. Here are some key insights: 🔧 Replacement Parts: Tires are projected to hold the largest market share at 22.5% in 2023, driven by their high replacement costs and critical role in vehicle safety and performance. 🛠 Service Channels: The Original Equipment (OE) segment dominates with a 56.5% market share, while Do It For Me (DIFM) services are poised for rapid growth. The rise of e-commerce has made DIY and DIFM services more accessible and affordable, catering to tech-savvy consumers who prefer self-service. 🏪 Distribution Channels: Retailers lead the market, generating 55.5% of total revenue in 2023. Meanwhile, wholesalers and distributors are expected to grow significantly, thanks to advanced distribution technologies enhancing efficiency. This infographic provides a snapshot of the market dynamics. For an in-depth analysis, visit our comprehensive case study - Blackmore Partners Restructuring Case Study: https://buff.ly/4fEOTaE #Automotive #Aftermarket #BusinessDevelopment #BlackmorePartners #MarketTrends #CaseStudy

🚗 Exploring the US Automotive Aftermarket 🚗 Our Business Development team at Blackmore Partners has been analyzing the evolving trends in the US Automotive Aftermarket. The market is divided into three main categories: Replacement Parts, Service Channels, and Distribution Channels. Here are some key insights: 🔧 Replacement Parts: Tires are projected to hold the largest market share at 22.5% in 2023, driven by their high replacement costs and critical role in vehicle safety and performance. 🛠 Service Channels: The Original Equipment (OE) segment dominates with a 56.5% market share, while Do It For Me (DIFM) services are poised for rapid growth. The rise of e-commerce has made DIY and DIFM services more accessible and affordable, catering to tech-savvy consumers who prefer self-service. 🏪 Distribution Channels: Retailers lead the market, generating 55.5% of total revenue in 2023. Meanwhile, wholesalers and distributors are expected to grow significantly, thanks to advanced distribution technologies enhancing efficiency. This infographic provides a snapshot of the market dynamics. For an in-depth analysis, visit our comprehensive case study - Blackmore Partners Restructuring Case Study: https://buff.ly/4fEOTaE #Automotive #Aftermarket #BusinessDevelopment #BlackmorePartners #MarketTrends #CaseStudy

𝐖𝐡𝐲 𝐀𝐫𝐞 𝐎𝐄𝐌𝐬 𝐒𝐭𝐢𝐥𝐥 𝐅𝐚𝐜𝐢𝐧𝐠 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐢𝐧 𝐒𝐞𝐥𝐥𝐢𝐧𝐠 𝐂𝐚𝐫𝐬 𝐎𝐧𝐥𝐢𝐧𝐞? 🏎️💻 In our latest digital automotive commerce study, Berylls by AlixPartners sheds light on this question. 🔍 In collaboration with Civey, we surveyed customers across 🌍 Germany, China, the USA, and Korea to understand their online automotive buying preferences 🚗📲 and the key factors shaping a seamless experience. Our findings reveal that even with significant investments, OEMs struggle to raise awareness among customers about their online purchasing options, while customers still prefer the personal touchpoint of nearby dealerships. ➡️ Reach out to our Berylls by AlixPartners team: Henry Lundt, Philipp Purrucker, Julian Krugmann & Pia Wurst 🚀 #AutomotiveInnovation #DigitalSales #CustomerInsights #CarBuying #FutureOfMobility #BeryllsbyAlixPartners

Customer preference when buying their next car 🚗 We enhanced our #digitalautomotivecommerce study with some more nuggets ⭐️ One of this is the customer's choice to purchase their next car at the dealer 🛍️ This implies the necessity to connect online (as this is #1 channel for sales qualification) even more with offline world 🔗 Furthermore, OEMs websites already today have gained a plateau in recognition, however its awareness needs to be boosted 📈 Stay tuned for next weeks nugget 🍿 In the meantime: thank you Pia, Philipp & Julian for prepping these insights! #berylls #digitalsales #automotiveecommerce #ecommerce

The modernization of automotive retail with MSX International Automotive megatrends have redefined the industry landscape, giving rise to new technologies, industry players and business models, as well as impacting the automotive sales arena. New business models must focus on providing on-demand mobility services rather than selling vehicles. The convergence of these trends is likely to lead to a fundamental restructuring of the automotive industry, with new players emerging and traditional automakers finding themselves under pressure to adapt and innovate in order to remain competitive. Elevate your sales experience with our Distribution and Sales Performance: https://lnkd.in/dxt_VyeZ

Stay ahead with insights on how consumer confidence and purchasing power are shaping the #automotive industry🚗: skp.link/mcjp The automotive industry faces a challenging and #dynamic environment as we move through 2024, shaped by the lingering effects of the pandemic, geopolitical tensions, and economic concerns. Understanding consumer preferences, expectations, and purchasing behaviors is crucial for manufacturers, dealerships, and stakeholders to thrive in this market. This first part informs you about consumer confidence and purchasing power #trends. Our Simon-Kucher global automotive study has over 7100 respondents. The automotive study of 2024 unveils 🛒 The global automotive market is on the rise, driven by growing customer confidence and a stronger intent to purchase 💰 #Price is still the most important purchasing criteria, although value-related criteria matter ❗   Increased inflation reduced the vehicle ownership budgets, even while there is #confidence in purchasing power   .. and much more!   You can find the full report and more information here: skp.link/mcjp   Reach out if you are eager to discuss how your business can best act on these trends.  

Top Brands Succeeding in the Automotive Industry: Market Trends and Profitability Discover which automotive brands are truly succeeding in the market. Explore the factors beyond volume numbers that determine success, including profitability. Join us for an insightful discussion on how to assess brand success in the automotive industry. #AutomotiveIndustryTrends #BrandSuccess #MarketAnalysis #ProfitabilityFactors #AutomotiveBrands #SuccessMetrics #BusinessGrowth #MarketPerformance #AutomotiveMarketing #IndustryInsights

At our recent The Road Ahead for Automotive Retail conference we were joined by renowned industry consultant Glenn Mercer who shared his view on the industry from the USA and how the key 'forces of change' in our industry are set to impact retailers. Missed the event? Then don’t worry, you can read his views in his guest blog below 👇 #blog #automotiveindustry #carsales #automotiveretail

In the world of the automobile industry, 14 companies own 55 brands, and complex supply chains make massive efforts to present the finished products to markets beyond borders. Each story is great for learning how they master sales, demand & supply with the brand philosophy. #global 🌏 #brand ✨ #automobiles 🚘 #supply_chain ⛓ #management 🏢 #sales 💹 #philosophy 📚

Stay ahead with insights on how consumer confidence and purchasing power are shaping the #automotive industry🚗: skp.link/mcjp The automotive industry faces a challenging and #dynamic environment as we move through 2024, shaped by the lingering effects of the pandemic, geopolitical tensions, and economic concerns. Understanding consumer preferences, expectations, and purchasing behaviors is crucial for manufacturers, dealerships, and stakeholders to thrive in this market. Therefore, I'll be sharing essential insights in a three-part series over the coming weeks. This first part informs you about consumer confidence and purchasing power #trends. Our Simon-Kucher global automotive study has over 7100 respondents. The automotive study of 2024 unveils 🛒 The global automotive market is on the rise, driven by growing customer confidence and a stronger intent to purchase 💰 #Price is still the most important purchasing criteria, although value-related criteria matter ❗   Increased inflation reduced the vehicle ownership budgets, even while there is #confidence in purchasing power .. and much more! You can find the full report and more information here: skp.link/mcjp Please reach out if you are eager to discuss how your business can best act on these trends.