2023-11-13 19:55:02
Automotive spare parts manufacturers increased their turnover by 6% in the third quarter of 2023 compared to the same period of the previous year, while distributors increased their income by 8%, according to data from the ‘Observatory of the State of Opinion of After-Sales Professionals’.
The report, prepared by the Spanish Association of Automotive Suppliers (Sernauto) and the National Association of Automotive Equipment, Spare Parts, Tires and Accessories Dealers (Ancera), also suggests that this increase “will be maintained until the end of the year.”
In this sense, spare parts manufacturers expect to increase their turnover at the end of this year by 6% compared to 2022, while distributors estimate an annual growth of 10%.
Likewise, it is expected that the closing of 2023 billing compared to the pre-pandemic period (2019) will be 22% higher for manufacturers and will increase by 25% for distribution.
Regarding future challenges, both segments point to the “growth or maintenance” of their sales, the service and fulfillment of orders, profitability and margins, as well as the management of uncertainty and the management of stock levels in the case of distributors.
Compared to the last quarter of the year, both component manufacturers and spare parts distributors expect a moderation in the percentages, with a 3% and 4% increase, respectively.
The president of the Sernauto Spare Parts Commission, Benito Tesier, has assured that the growth figures are an indication of duties “well done”, although he has stressed that we must not forget that “we are facing” a very aging vehicle fleet. , with an average age of 14 years.
“In a context of uncertainty, it is essential to have objective figures that allow monitoring the evolution of the market, in order to adopt decisions that promote competitiveness,” he added.
Other conclusions collected by the Sernauto and Ancera observatory are that 17% of those interviewed in the manufacturing sector have cited “an increase in non-payments or delays in collections in this second quarter”, as well as that they expect a “slight” increase for the next period, especially in the industrial vehicle.
Among distributors, 17% of those surveyed have stated that non-payments or delays in collection have increased in the third quarter compared to the previous three months in the passenger car market, while they expect an “upward” trend for the last quarter.
#Spare #parts #manufacturers #increase #turnover #compared