Search / 8 posts tagged counterfeit auto parts

Counterfeit Auto Parts Market Value Date: 10 May, 2008 | Posted By: havocscope | Category: counterfeit and piracy Counterfeit Auto Parts is the selling of unauthorized parts to be used in the repair and maintenance of an automobile. The counterfeit auto parts market is a $12 billion market worldwide.

As counterfeits have a free hand to market their products despite efforts by manufacturers to maintain the difference, it is imperative that government steps in to stop this. The government, so far, has shown a laidback attitude. As the number of companies entering India increases, the government also needs to take quick action on this.

China accounts for $9 billion of counterfeit auto parts loses Sources: Associated Press, “U.S. firms fighting the flood of fakes,” MSNBC.com, July 7, 2006,(accessed: July 10, 2006). Tags: China, counterfeit auto parts Posted in Asia, counterfeit and piracy

37 percent of auto parts sold in India are counterfeit Source: Automotive Aftermarket Suppliers Association, “Counterfeiting-FACTS,”(accessed: May 1, 2006). Tags: counterfeit auto parts, India Posted in Asia, counterfeit and piracy

$200 million in lost sales for Hyundai due to parts from China Around $200 million is lost in sales of auto parts to South Korean auto manufacturer Hyundai due to counterfeit parts made in China. Source: “Chinese Imitations Undermining Korean Exports,” The Chosum Ilbo, January 15, 2007,(accessed: January 24, 2007).

Counterfeit auto parts in Kenya Motor dealers in Kenya lost 65 percent of their market share to counterfeits in 2006, up from 50 percent in 2005. In addition, over 80 percent of Toyota parts in Kenya were found to be counterfeit.

Ford Motor Company loses $ 1 billion to counterfeit each year Source: “Fake parts reportedly cost Ford $1B,” CNNMoney.com, January 22, 2007,(accessed: September 25, 2007). Tags: counterfeit auto parts Posted in counterfeit and piracy

US loses $3 billion to counterfeit auto parts Source: Automotive Aftermarket Suppliers Association, “Counterfeiting-FACTS,”(accessed: May 1, 2006). Tags: counterfeit auto parts Posted in United States, counterfeit and piracy