ASEAN automotive aftermarket refers to the secondary wholesale market of the auto industry, involved in the manufacture, manufacturing, sale, installation, and regulation of all automobile parts, fluids, accessories, and instruments. The term "aftermarket" was first used in the U.S. market, but it has since spread to other countries including those in Japan, Taiwan, South Korea, and Germany. There are many disputes and discussions on whether or not the automotive aftermarket should be allowed to exist. Most countries have strict laws that limit the amount of authorized sellers of vehicles accessories and parts.
In the U.S., the National Automobile Dealers Association or NADA is considered the voice of the automotive aftermarket. According to the National Automobile Dealers Association, more than two million retail establishments use the aftermarket to sell auto parts and accessories. Since there are no nationwide licensing or registration requirements, most independent repair shops are allowed to sell and install auto parts and accessories. The automotive aftermarket industry is primarily concentrated in the automotive business and involves a large number of suppliers and distributors. Although the association does not regulate these businesses, they do monitor their activities and impose some rules for those who choose to participate in their association.
One of the largest groups involved in the ASEAN automotive aftermarket are the auto body repair and replacement shops. This type of shop specializes in custom and factory-built vehicle restoration. This particular segment has experienced growth due to the increase in demand for aftermarket auto parts and accessories. Another popular automotive aftermarket category is that of auto body repair and replacement shops. These repairers provide services for various types of damage from minor dents and dings to total body replacements. They cater to all makes and models of vehicles including sports cars and luxury sedans. This segment has experienced tremendous growth over the past decade. Some of the largest companies in this industry are Mercedes Benz, BMW, and Chevrolet. Their products are widely considered as high quality and their repairs are performed by experts who are highly trained.
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