Demand for aftermarket automotive care set to rise in 2016
Proper vehicle maintenance is an important aspect of ownership and one that car buyers are becoming acutely aware of.
As a result, industry experts are expecting to see a rise in the demand for aftermarket products such as automotive wiring looms and other components designed to help people to keep their cars in tip-top condition, no matter what the age of the vehicle in question.
The demand increase anticipated for the next 12 months could be the start of a new age of third-party solutions, as the first 3D printed vehicles are starting to gain mainstream attention and the market may ultimately become less centralised, empowering owners in the process.
Automotive care benefits
Investing in components to either enhance a car or simply to keep it operating safely and efficiently is sensible for a number of reasons. For many owners, the main issue at hand may be the need to preserve the value of their vehicle so that they do not lose out due to a lack of maintenance when the time comes to sell.
Companies such as Rapid Fit can install automotive wiring looms in older vehicles to help to restore them and make them better equipped to achieve a solid sale price. This may be particularly important in the case of vintage and classic models.
In recent years it has been proven that investment in classic cars may help to deliver a better return than if the money is put into other areas, which is why the growth in demand for aftermarket automotive care is set to rise in 2016.
New car registrations grew again in November 2015, according to official figures from the Society of Motor Manufacturers and Traders. This follows a surprise fall in October, which broke a three and a half year run of sales increases. While the market may not be levelling out quite yet, owners do need to think about the long term when buying a car, whether the vehicle is new or used.
Problems will arise if the demand for vehicles falls and the used market is subsequently overburdened with models, meaning that vehicles that have been well maintained will be better able to stand out from the crowd and avoid the chance of severe depreciation taking its toll.