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The impact of the new crown epidemic on auto parts sales

Update:27-04-2022
Summary:

In 2020, the new crown virus has had an impact on all w […]

In 2020, the new crown virus has had an impact on all walks of life, especially catering, entertainment, and tourism. It also has a certain impact on the aftermarket of automobiles, that is, the production and sales of auto parts, especially for enterprises that focus on foreign trade. Combined with the experience of SARS in 2003, the outbreak of the new coronavirus pneumonia will have a certain impact on my country's economy, but this impact is often a one-off.

The impact of the epidemic on my country's economy: In the short term, the epidemic will slow down the economic growth in the first quarter of 2020; in the long run, the epidemic will not change the trend of China's economic stabilization, transformation and upgrading, nor will it change China's economic growth. position in the global economy. The impact of the epidemic on the automotive aftermarket is also very far-reaching, perhaps far better than SARS. After the epidemic, the moment the company resumes work, all kinds of pressure will come to the face... A deep reshuffle is already on the way. This epidemic will profoundly change the occupational structure and business model, and will also profoundly affect and change everyone in the post-car market. As for how to shuffle this card, it is hard to say now, but the intensity should be unprecedented. Consumer behavior will also be upgraded. Isolation, masks, disinfection, health care... are words that appear frequently in this epidemic. Home isolation is the best health lesson for the whole people. Next, such vivid marketing materials will be repeatedly preached by the Internet and auto service stores, thus profoundly affecting car owners. The further upgrade of healthy consumption CALIPER REPAIR KITS MERITOR PARTS awareness will widely affect residents' consumption, the concept of auto parts, car service consumption, and the choice of products and services will naturally be affected.
 It is further foreseeable that the products and services of the car aftermarket will further develop in the direction of focusing on quality, environmental protection and health. From the consumption side to the production side, this trend deserves great attention. The service format will be changed. Imagine the incremental cuts in new cars this year -- that's an almost certain trend. Online transactions continue to rise - SARS in 2003 fueled the rise of online shopping. Disposable spending power of car owners has declined - incomes have been cut, and consumption has been suppressed. The above three aspects will promote the dramatic changes in the form of the car service industry this year. For auto service stores, when the "cake" becomes smaller, the intensity of the service competition will increase significantly. The competition between new car incremental business and used car stock business has intensified. In addition, the epidemic will further boost online shopping. Multiple squeezes will speed up the demise of a number of backward auto service stores. Store owners really have to score twelve points this year. The spirit of survival and development.

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