How can you tap into the auto parts market without spending a fortune? By relying on liquidation pallets and going for surplus deals instead of your standard approach for retail.
The auto parts industry has been growing after the pandemic ended and with all new models coming up several times a year. While you would think the latter does not affect the market, it is quite the opposite.
New models imply that old parts and specific pieces will be moved out of stock or won’t be held by the manufactures for long periods. As a result, people need to go to other stores and resellers to obtain their parts.
By using liquidation pallets, you can tackle the industry, work around more affordable prices, and make profits. This is done thanks to how liquidation lots feature car accessories and surplus auto parts. All of them offering an entry point to capitalize on evolving consumer needs and industry trends.
At Coastal Surplus Solutions, we know about the industry well since our team has sourced auto parts. We know how pallets work in this industry and how you need to be careful with the entire approach.
Not all lots are worth investing in. hence, keeping an eye on the manifests and how you will access certain inventory.
We are here to lend a hand when needed, but as a reseller, you want to remember all the information below.
Why People Are Investing in Auto Parts Liquidation
The automotive sector is experiencing a shift driven by the increasing adoption of electric vehicles (EVs) and hybrid models. If this is the case, how are auto parts more sought after than before?
These options are expected to grow substantially this year, but this transition impacts the demand for traditional internal combustion engine (ICE) parts. If there are fewer of them, more people are in need of resorting more to a surplus piece than a manufactured one.
While creating new opportunities in EV-specific components, such as electric drivetrains, battery systems, and specialized braking and steering parts, this affects the traditional vehicles.
Additionally, the growing prevalence of 3-cylinder engines in compact cars is driving demand for specialized maintenance parts. Let’s not forget about accessories tailored to these configurations.
The entire picture looks like this:
- Yes, EVs are growing in demand and how people are acquiring them. However, there are many others sticking to their traditional cars.
- As a result, more need auto parts, but they are not all that easy to find anymore.
What You Will Sell to Address the Surplus and Auto Parts Demand
All liquidation pallets come with a wide variety in parts, items, and specific parts.
You will access a mix of everything that helps you stock inventory and have the parts for each client.
In our experience, you will get to sell pieces like:
- Car accessories. This includes floor mats but also seat covers and LED lighting.
- Replacement parts, like brake pads and filters.
- EV-specific components, including battery cooling systems.
- Maintenance suppliers. Oils, lubricants, cleaning products and more.
All of them come as new, overstock, or maybe customer returns. This is key to consider since the price will drop or not depending on the source and origins.
Feel free to call us if you need more information or want help to determine how to proceed.
As stated by the Small Business Bureau, going for professional support brings cost efficiency and reduction. This is a great way to tap into the market.
