Business Idea: Start An Automotive Used Parts Business in 2024
The automotive used parts business offers a practical solution for both car owners and environmentally conscious entrepreneurs. In essence, this business revolves around sourcing, refurbishing, and reselling used automotive parts.
As the demand for affordable vehicle parts continues to rise, this business taps into a growing market. The process involves acquiring parts from junkyards or directly from vehicle owners, ensuring they meet quality standards, and then making them available for resale at competitive prices.
Setting up this business requires a keen understanding of car mechanics, reliable suppliers, and efficient inventory management. It's a venture that involves hands-on work, from negotiating purchases to refurbishing parts and handling sales.
Despite the workload, the automotive used parts business is appealing due to its dual benefits: providing cost-effective solutions for car repairs and promoting sustainability by recycling parts. For those who are knowledgeable in car maintenance and dedicated to customer satisfaction, this business can be rewarding.
Revenue & Profitability
How much do automotive used parts businesses make?
Startup Costs
How much does it cost to start an automotive used parts business?
- It can cost as low as $35,000 to start an automotive used parts business.
- It can cost as high as $10,000,000 to start an automotive used parts business.
Learn more about the costs of an automotive used parts business.
Examples Of Successful Automotive Used Parts Businesses
Successful automotive used parts business businesses and case studies
Elaphe Propulsion Technologies has revolutionized the electric vehicle industry with their in-wheel electric motor technology that can accelerate a vehicle from 0 to 100km/h in just three seconds, enabling carmakers to design truly user and mission-focused cars and work with all of the key traditional and new carmakers.
Avto.pro is a leading Ukrainian marketplace for auto products that sold goods worth $105 million in 2021, with the potential to become a new Unicorn, by providing unique solutions that digitize the market, optimize logistics and trade chains, rebuilding relations between car owners and service stations, and introduce simplicity and transparency to the process for the client.
See full list of successful automotive used parts businesses.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
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