There are many ways to increase the success of your automotive spare parts business. It is possible to grow your business through running short term promotions to boost sales, or you can invest in the services you provide. You should strive to offer better value to your customers than your competitors, with faster delivery and specialized products.  If you want to grow the business and avoid automotive parts bankruptcy, you should start by identifying your target audience that will be interested in the type of products you have and the service that you offer. If you are selling open box automotive parts, you can be more successful with the following tips.  Stand out You can make your business stand out by offering difficult to find parts or by offering a guarantee for every part sold. You can promote quality parts instead of low cost options that can malfunction too easily or put your customers at risks. You can either supply original parts or get spare parts from a reputable manufacturer, which may enhance the image of your business. Look for prospects Identify the prospects of your business. You should target customers who buy in high volume like repair and service companies. You can also sell to fleet operators and independent services. You may set up a wholesaling operation in order to supply to the retail outlets that sell open box automotive parts. You should review all potential opportunities for supplying specialist parts for older products that are hard to find, like parts for vintage cars. Make everything easy You should make it easy for the customers to get the spare parts from you.  You can set up a website with catalog pages of the products and make it easy for people to order online. You can offer customers with large orders specialized web pages with a printed catalog that will show the products they like to order from your business. You can also set up answering services with 24-hour availability so that customers can place urgent orders even when it is not normal business hours. Flexibility In order to stay far away from automotive parts bankruptcy for your business, you will need to be flexible. You should offer collection services for urgent repairs and express delivery. You should introduce one day delivery for the customers who place an order during a certain period.  You should also offer a collection center for the customers who order through telephone and online. Take care of large customers Large customers are important for your business, and they are the ones that can help you most to avoid automotive parts bankruptcy.  However, to keep them you will need to go the extra mile by offering them extra perks such as stock management services. You should analyze their stock purchase and check their patterns in ordering products. You should offer them an efficient way to check the stock level of the open box automotive parts thatthey use regularly. You should also offer scheduled delivery options for your customers.  Promotion You should offer short-term sales and promotions for high-demand parts like car servicing kits, spark plugs, and filters at a special price. You should offer seasonal products like windshield wipers or antifreeze at a discount. You should also come up with incentive schemes for regular customers so that you may encourage them to come back.
NOS, NORS AND OEM PARTS: A COLLECTOR’S GUIDE There are many different types of obsolete automotive parts available. Some are a lot more expensive than others because they are considered, by collectors, to maintain the authenticity and originality of old vehicles that are no longer manufactured. NOS stands for new old stock (NOS) automotive parts. The acronym refers to equipment which is usually very old but has never been sold at retail before.What makes NOS parts special?They are the only types of components that can be used as replacements without being considered end of run automotive parts because they were made for the original purpose of building a car from scratch.There are many vehicles, particularly vintage cars, that will need obsolete automotive parts in order to function. For serious collectors, the most important aspect of maintaining old and vintage vehicles is to preserve the original design and composition.  For this reason, new old stock (NOS) automotive parts can be highly sort after and extremely expensive to source.  Generally, a part is considered NOS if it meets all the standards listed below. It’s no longer in production Has been discontinued by the manufacturer Has been sitting in the excess inventory of local dealerships for a very long time.  What other options are there?If NOS parts are too expensive or simply impossible to find, then there are other ways of replacing parts in old and vintage vehicles. End of run auto parts are ones that have been produced after the point at which a vehicle has ceased to be manufactured.What is an OEM part?OEM stands for Original Equipment Manufacturer. These are not original but come from the same manufacturer. Usually OEM parts are produced when there is an extreme scarcity of NOS parts and the demand from collectors is high.  Large automobile manufacturing companies such as General Motors and Ford have licensed the reproduction of replacement parts for discontinued vehicles to cater especially for the hobby of collectors. OEM parts are built to function in exactly the same way as original parts but can vary significantly in appearance. This detracts from originality making OEM parts worth less than NOS parts. In turn, however, they are much cheaper to buy.What is a NORS part?NORS parts are end of run automotive parts. The acronym stands for New Old Replacement Stock.  The difference between NORS and new old stock (NOS) automotive parts is that they have been made after a certain vehicle has ceased to be manufactured anymore. The parts are identical to NOS parts but were intended as replacements rather than for original use.  Since there is a certain obsessive compulsiveness attached to the hobby of collecting, these parts are also worth less than NOS components.  Both are obsolete auto parts but it all comes down to originality in the end.ConclusionWhich components one decides to use as replacements for faulty automotive parts entirely depends on the owner’s goal. If the owner wishes to maintain a vehicle’s originality, and therefore it’s overall worth, then NOS parts are essential.  However, if the owner simply wishes to maintain the functionality of an old vehicle then OEM or NORS parts are very good compromises.  They may cause a depreciation in the overall value of the vehicle, but they will be cheaper to purchase and easier to source.