Since the coronavirus outbreak really hit the US in March 2020, the automotive industry and COVID-19 have both been in the headlines. The automotive industry has made efforts to show unwavering resilience. That’s something it has successfully done in every major economic crisis. One year later, the outbreak continues to cause widespread global concern and…
What is the automotive aftermarket? Automotive aftermarket definition: The automotive industry’s after-sale market. “Aftermarket” includes vehicle parts, equipment, replacement tires, service repair, collision repair and accessories, sold after the sale of the original vehicle. The aftermarket includes companies in manufacturing, re-manufacturing, distribution, retailing, and installation of replacement vehicle parts, equipment, service repair and automotive accessories.…
Magnuson-Moss Warranty Act, aftermarket auto parts and your rights The “Magnuson-Moss Warranty—Federal Trade Commission Improvement Act” is a Federal law, US Code, Title 15 § 2301, Public Law 93-637. President Gerald Ford signed it into law on January 4, 1975. It covers aftermarket auto parts in these ways: “Simply using an aftermarket or recycled part…