Gulf Cooperation Council aftermarket is ready for growth
The independent aftermarket in the Gulf Cooperation Council (GCC) should take note of what dealerships are doing in the market to learn how to grow, according to Aftermarket Business World columnist Larry Silvey in his column “GCC market is ripe for the automotive aftermarket.” The GCC is a political and economic alliance of six Middle Eastern countries: Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman.
The column looks at trends in the Middle East that are likely to impact the automotive aftermarket. It illustrates how dealers plan to grow their sales and service business in that region. It also says that distributors and service provides need to meet and exceed the standards being set by dealerships in order to grow their businesses.
For example, service providers and auto parts distributors must be connected to expedite the ordering and replenishing of parts. Quick turnarounds, which hinge on availability of parts and quick fulfillment, will be key to growing their businesses. And independent shops must strive to keep their costs lower than dealerships, which heavily influences where consumers spend their repair dollars.
To read the entire column, click here.
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