The “gold rush” has begun! Inflation has made these products more popular

In recent years, with the increasing sales of automobiles , the demand for auto parts has also increased significantly.

It is reported that the world was in a semiconductor shortage crisis last year, and this year global inflation continued to rise. Supply and other crises also caused costs to continue to rise, and price increases became inevitable.

It has been reported that due to the financial crisis and other factors, overseas consumers have reduced their demand for new cars and turned their attention to repairing and maintaining existing cars. Therefore, the demand for auto parts is expected to be higher than in the past.

The overseas auto parts market continues to heat up, and this trend can be seen from the data of various e-commerce platforms.

According to the latest "Amazon Benchmark Report 2022" released by market research firm Perpetua , purchases of auto parts in the European market increased by 89% in the second quarter of this year .

In addition, the auto parts and accessories category has always been a hot-selling item on eBay . Its data shows that there are currently more than 500 million auto parts for sale on eBay. Sales in this category increased by nearly 30% last year , and 3 auto parts are sold every second in the United States .

Wish data also shows that since 2019, the auto parts category has frequently produced hot-selling products , such as power tools, car diagnostic tools, air compressors and other products , and every 1,000 exposures can even bring sales above the average.

Recently, eBay also acquired the auto parts data service provider myFitment Group , using its tools to optimize the assembly data in sellers' listings, ensuring that buyers order parts suitable for their vehicles, reducing returns and improving buyer satisfaction . Subsequently, eBay also established a partnership with the car modification program " Pimp My Ride", which shows its attention to the market for this type of product .

At the same time, the market size of domestic auto parts exports is also expanding.

According to the import and export data compiled by the China Association of Automobile Manufacturers, the domestic auto parts export volume maintained a rapid growth momentum in the first half of this year.

In the first half of this year , the total import and export volume of automobile products in China reached US$117.1 billion, a year-on-year increase of 7.6%, of which the export volume reached US$70.51 billion, a year-on-year increase of 20.7% .

This shows that the overseas market has a huge demand for Chinese auto parts and a high degree of recognition.

According to eMarketer's forecast, global e-commerce sales of automobiles and their accessories will increase by 30.1% in 2022, becoming the fastest growing category , and its share of total retail sales in the United States will reach a new high.

Auto parts products are diverse, with a wide range of product selection directions. Different models have different needs, and the market space is still considerable . However, sellers should be aware that the auto parts market requires high product expertise and is easily accused of selling fakes, so sellers must be cautious when selecting products.

In addition, with the current popularity of "new energy", although the traditional auto parts market will not become history in the short term, many studies have pointed out that new energy vehicles may dominate the future automobile market.

In short, only by understanding future market trends and making targeted product selections can sellers grasp the correct "gold-digging" posture.

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