Report: Consumers Saved $363M Using Independent Repair Parts
Dec. 1, 2015—Quality Parts Coalition (QPC) has released a price analysis report that found consumers have saved over $363 million since 2009 by using independently produced aftermarket auto parts in place of OEM parts.
The report looked at 100 of the most commonly sold certified collision repair parts from 2009–2014 using data from the Certified Automotive Parts Association. Research showed that independently produced certified parts were, on average, 27 percent less expensive than OEM parts with a cost difference as large as 68 percent.
“It’s clear that independent auto parts are driving competition in the auto repair parts market and that consumers are reaping the benefits,” said Ed Salamy, executive director of the QPC. “That’s why it’s important to ensure the industry stays competitive and continues to pass along savings to consumers.”
The Promoting Automotive Repair, Trade, and Sales (PARTS) Act of 2015 (H.R. 1057 and S. 560), if passed, would preserve consumer choice for auto collision repair parts.
QPC will host an informative briefing for House and Senate staff members on Tuesday highlighting the importance of passing the PARTS act.
To learn more about the PARTS act, visit QPC’s website.