{"id":47214,"date":"2020-08-03T06:00:41","date_gmt":"2020-08-03T06:00:41","guid":{"rendered":"https:\/\/www.revolutionparts.com\/?p=47214"},"modified":"2020-08-03T06:00:41","modified_gmt":"2020-08-03T06:00:41","slug":"auto-industry-covid","status":"publish","type":"post","link":"https:\/\/www.revolutionparts.com\/press-release\/auto-industry-covid\/","title":{"rendered":"RevolutionParts Releases Exclusive Auto Industry Data Caused by COVID-19"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.26.7&#8243; custom_padding=&#8221;0px|||||&#8221;][et_pb_row _builder_version=&#8221;3.26.7&#8243;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.26.7&#8243;][et_pb_text admin_label=&#8221;Text&#8221; _builder_version=&#8221;4.4.9&#8243; custom_padding=&#8221;0px|||||&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">PHOENIX, Ariz.,\u00a0<\/span><span style=\"font-weight: 400;\">August 3rd<\/span><span style=\"font-weight: 400;\">, 2020\u00a0 &#8212;\u00a0According to recent data from RevolutionParts, the marketplace leader in online parts selling solutions, parts sales have increased daily by an average of 48% \u2013 despite a decline of $41 billion in vehicle sales during the COVID pandemic.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;With the average life of cars increasing and people spending more time at home, we\u2019re seeing a huge increase in people searching for and buying parts and accessories,&#8221; said Ibrahim Mesbah, co-founder and CEO of RevolutionParts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The data released is part of an infographic that RevolutionParts has published that highlights trends in the automotive industry during the COVID-19 pandemic. The infographic states that, despite a 34% drop in individual vehicle sales and a 40% decrease in service order repairs, parts and accessories have seen a sizable uptick in not only sales, but general interest.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over the COVID-period thus far, the number of people actively searching for auto parts online has increased by 20%. Furthermore, the volume of parts and accessories sales has shattered records made since RevolutionParts joined the auto parts industry in 2013. In fact, out of the top ten selling days in the organization\u2019s history, nine of them have fallen within the past 3 months alone according to the infographic.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe growth in online sales of parts has been crazy,\u201d said Ibrahim Mesbah, \u201cPrior to COVID, the top selling day we ever had was Cyber Monday of 2019. That record has been smashed 5 times so far this year.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to RevolutionParts, dealerships using their platform saw parts sales dip slightly between March 15 through April 2nd, right when the pandemic was declared a national emergency and shutdown orders were issued. However, when stimulus checks were issued on April 13, parts sales not only rebounded according to seasonal trends, but continued showing a stark increase from the previous year. Since then, parts sales have maintained that growing momentum.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe month-to-month growth since the stimulus checks were issued is astronomical,\u201d Mesbah said, \u201cDespite the state of the economy, the continuing pandemic has yet to halt sales volumes. With the Black Friday and Cyber Monday season approaching, we are predicting historical growth in the segment.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To help dealers take advantage of the growth in online parts sales, Ibrahim offers the following advice:<\/span><\/p>\n<p>[\/et_pb_text][et_pb_blurb image=&#8221;https:\/\/www.revolutionparts.com\/wp-content\/uploads\/2019\/02\/1.png?_t=1596133170&#8243; icon_placement=&#8221;left&#8221; image_max_width=&#8221;200%&#8221; content_max_width=&#8221;95%&#8221; _builder_version=&#8221;4.4.9&#8243; max_width=&#8221;100%&#8221; max_width_tablet=&#8221;&#8221; max_width_phone=&#8221;100%&#8221; max_width_last_edited=&#8221;on|desktop&#8221; module_alignment=&#8221;left&#8221; child_mix_blend_mode=&#8221;hard-light&#8221; custom_css_blurb_image=&#8221;width: 50px!important;||padding-right: 10px!important;&#8221;]<\/p>\n<p><b>Reevaluate Your Business Model<\/b><span style=\"font-weight: 400;\"> &#8211; This isn\u2019t the first time car sales have been hurt by an economic downturn. Before the pandemic, car sales had been on the decline year-over-year. The market is changing and it\u2019s time to adjust business strategies for success.<\/span><\/p>\n<p>[\/et_pb_blurb][et_pb_blurb image=&#8221;https:\/\/www.revolutionparts.com\/wp-content\/uploads\/2019\/02\/2.png?_t=1596133170&#8243; icon_placement=&#8221;left&#8221; image_max_width=&#8221;200%&#8221; content_max_width=&#8221;95%&#8221; _builder_version=&#8221;4.4.9&#8243; max_width=&#8221;100%&#8221; max_width_tablet=&#8221;&#8221; max_width_phone=&#8221;100%&#8221; max_width_last_edited=&#8221;on|desktop&#8221; module_alignment=&#8221;left&#8221; child_mix_blend_mode=&#8221;hard-light&#8221; custom_css_blurb_image=&#8221;width: 50px!important;||padding-right: 10px!important;&#8221;]<\/p>\n<p><b>Invest in Online<\/b><span style=\"font-weight: 400;\"> &#8211; We are seeing upwards of a 10-to-1 ROI for dealerships using online part selling solutions with RevolutionParts. While business is down, now is the time to invest in a revenue channel that provides both short-term and long-term profit opportunities.<\/span><\/p>\n<p>[\/et_pb_blurb][et_pb_blurb image=&#8221;https:\/\/www.revolutionparts.com\/wp-content\/uploads\/2019\/02\/3.png?_t=1596133170&#8243; icon_placement=&#8221;left&#8221; image_max_width=&#8221;200%&#8221; content_max_width=&#8221;95%&#8221; _builder_version=&#8221;4.4.9&#8243; max_width=&#8221;100%&#8221; max_width_tablet=&#8221;&#8221; max_width_phone=&#8221;100%&#8221; max_width_last_edited=&#8221;on|desktop&#8221; module_alignment=&#8221;left&#8221; child_mix_blend_mode=&#8221;hard-light&#8221; custom_css_blurb_image=&#8221;width: 50px!important;||padding-right: 10px!important;&#8221;]<\/p>\n<p><b>Get the Proper Tools<\/b><span style=\"font-weight: 400;\"> &#8211; Finding a digital parts commerce platform that offers a modern parts-buying experience and an intuitive, easy-to-use dashboard is crucial to running a successful parts business. Make sure you partner with an eCommerce solution provider that benefits you, your business, and your customers.<\/span><\/p>\n<p>[\/et_pb_blurb][et_pb_text admin_label=&#8221;Text&#8221; _builder_version=&#8221;4.4.9&#8243; custom_padding=&#8221;0px|||||&#8221;]<\/p>\n<p><span style=\"font-size: 16px;\">To download the infographic, visit <\/span><a href=\"https:\/\/www.revolutionparts.com\/covid-parts-trends\" style=\"font-size: 16px;\">revolutionparts.com\/covid-parts-trends<\/a><span style=\"font-size: 16px;\">.<\/span><\/p>\n<p><b><\/b><\/p>\n<p><b>About RevolutionParts<\/b><b><br \/> <\/b><span style=\"font-weight: 400;\">RevolutionParts accelerates OEM parts and accessories sales for every major automotive brand. The company\u2019s core focus is to transform the way parts buyers and sellers connect, delivering an enterprise-ready platform for digital parts retail and wholesale commerce channels. The RevolutionParts platform powers more than $400M in annual sales and reaches millions of unique buyers globally. For more information, visit <\/span><a href=\"http:\/\/www.revolutionparts.com\"><span style=\"font-weight: 400;\">www.revolutionparts.com<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><b>Media Contact:<\/b><span style=\"font-weight: 400;\"><br \/> <\/span><span style=\"font-weight: 400;\">Katie Gettinger<\/span><span style=\"font-weight: 400;\"><br \/> <\/span><span style=\"font-weight: 400;\">RevolutionParts, Inc.<\/span><span style=\"font-weight: 400;\"><br \/> <\/span><span style=\"font-weight: 400;\">630-391-8540<\/span><span style=\"font-weight: 400;\"><br \/> <\/span><span style=\"font-weight: 400;\">kgettinger@revolutionparts.com<\/span><\/p>\n<p><b><i>About the Data<\/i><\/b><b><i><br \/> <\/i><\/b><i><span style=\"font-weight: 400;\">The data around part and accessory sales is based on RevolutionParts\u2019 customer platform with over 1,300 new car dealerships.\u00a0 <\/span><\/i><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOENIX, Ariz.,\u00a0August 3rd, 2020\u00a0 &#8212;\u00a0According to recent data from RevolutionParts, the marketplace leader in online parts selling solutions, parts sales have increased daily by an average of 48% \u2013 despite a decline of $41 billion in vehicle sales during the COVID pandemic. &#8220;With the average life of cars increasing and people spending more time at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-47214","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - 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