When you were a kid, there was a neighbourhood mechanic who took care of all your family’s automotive woes. Maybe you would tag along with your parents to the corner garage, where fan belts, spark plugs and tins of coolant were the extent of the supplies needed to get back on the road.
Times have changed and today, the automotive supply business has grown to become one of the world’s most profitable industries. Automobile manufacturers are constantly under pressure to churn out unique new models. As a result, the automotive supply industry has grown every year to keep up with the demand for new parts to fix these new vehicles. The increased demand has also created an increase in supply. Many entrepreneurial people have opened their own supply shops to cater to the ever-increasing number of automobile owners and enthusiasts. Drivers want the best quality money can buy, and suppliers are happy to oblige with high quality components, parts and systems. It sometimes seems that when it comes to car supplies, money is no object.
Many of the automotive parts and component suppliers are involved in the distribution of original equipment manufacture (OEM)...