NAICS Code 423120-15 - Automobile Parts & Supplies (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423120-15 Description (8-Digit)

The Automobile Parts & Supplies (Wholesale) industry involves the distribution of new motor vehicle parts and supplies to automobile dealerships, mechanics, and repair shops. This industry is responsible for providing a wide range of products, including engine parts, brake systems, electrical components, and other accessories that are necessary for the maintenance and repair of automobiles. The industry is highly competitive, with many companies vying for market share by offering a diverse range of products and services.

Hierarchy Navigation for NAICS Code 423120-15

Tools

Tools commonly used in the Automobile Parts & Supplies (Wholesale) industry for day-to-day tasks and operations.

  • Diagnostic scanners
  • Brake service tools
  • Engine hoists
  • Battery testers
  • Tire pressure gauges
  • Oil filter wrenches
  • Spark plug sockets
  • Transmission jacks
  • Air compressors
  • Impact wrenches
  • Torque wrenches
  • Alignment machines
  • AC recovery machines
  • Brake lathes
  • Battery chargers
  • Fuel pressure testers
  • Timing lights
  • Vacuum pumps
  • Welders
  • Paint booths

Industry Examples of Automobile Parts & Supplies (Wholesale)

Common products and services typical of NAICS Code 423120-15, illustrating the main business activities and contributions to the market.

  • Brake pads
  • Engine oil
  • Spark plugs
  • Air filters
  • Radiators
  • Alternators
  • Fuel pumps
  • Ignition coils
  • Transmission fluid
  • Brake rotors
  • Serpentine belts
  • Oxygen sensors
  • Water pumps
  • Power steering pumps
  • Timing belts
  • Shock absorbers
  • Struts
  • Wheel bearings
  • Tie rod ends
  • Control arms

Certifications, Compliance and Licenses for NAICS Code 423120-15 - Automobile Parts & Supplies (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • ISO 9001: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
  • Automotive Service Excellence (ASE) Certification: This certification is for individuals who work in the automotive industry and ensures that they have the necessary skills and knowledge to perform their job. It is provided by the National Institute for Automotive Service Excellence (ASE).
  • National Automotive Technicians Education Foundation (NATEF) Certification: This certification is for automotive training programs and ensures that they meet industry standards. It is provided by the National Institute for Automotive Service Excellence (ASE).
  • Occupational Safety and Health Administration (OSHA) Certification: This certification ensures that the company is compliant with OSHA regulations and provides a safe working environment for employees. It is provided by the Occupational Safety and Health Administration (OSHA).
  • Environmental Protection Agency (EPA) Certification: This certification ensures that the company is compliant with EPA regulations and is environmentally responsible. It is provided by the Environmental Protection Agency (EPA).

History

A concise historical narrative of NAICS Code 423120-15 covering global milestones and recent developments within the United States.

  • The "Automobile Parts & Supplies (Wholesale)" industry has a long and rich history worldwide. The first automobile was invented in 1885 by Karl Benz, and soon after, the first automobile parts were produced. In the early 1900s, the automobile industry began to grow rapidly, and with it, the demand for automobile parts and supplies. The first automobile parts wholesalers emerged in the 1920s, and by the 1950s, the industry had become an essential part of the automobile industry. In recent history, the industry has seen significant advancements in technology, such as the development of electric and hybrid vehicles, which require different parts and supplies. The industry has also seen an increase in the use of e-commerce platforms, which have made it easier for wholesalers to connect with retailers and other bulk buyers. In the United States, the "Automobile Parts & Supplies (Wholesale)" industry has a more recent history. The industry began to emerge in the 1960s, as the automobile industry in the US began to grow rapidly. The industry saw significant growth in the 1980s and 1990s, as the US automobile industry became more competitive globally. In recent years, the industry has faced challenges due to the COVID-19 pandemic, which has disrupted supply chains and caused a decline in demand for automobiles. However, the industry has also seen opportunities for growth, such as the increasing demand for electric and hybrid vehicles, which require different parts and supplies. Overall, the "Automobile Parts & Supplies (Wholesale)" industry has a rich history and continues to play a vital role in the automobile industry worldwide.

Future Outlook for Automobile Parts & Supplies (Wholesale)

The anticipated future trajectory of the NAICS 423120-15 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Automobile Parts & Supplies (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for automobiles in the country. The rise in disposable income and the growing population are some of the factors that are driving the demand for automobiles. The industry is also expected to benefit from the increasing trend of online shopping, which is making it easier for wholesalers to reach a wider customer base. However, the industry is also facing challenges such as the increasing competition from foreign suppliers and the rising cost of raw materials. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 423120-15

Recent groundbreaking advancements and milestones in the Automobile Parts & Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • The Use Of 3D Printing Technology to Produce Automobile Parts: This innovation has made it possible to produce automobile parts more quickly and efficiently, reducing the time and cost of production.
  • The Development Of Electric and Hybrid Vehicles: The increasing demand for electric and hybrid vehicles has created new opportunities for the industry to supply parts and supplies for these vehicles.
  • The Use Of Artificial Intelligence In the Production Process: The use of AI has made it possible to optimize the production process, reducing waste and increasing efficiency.
  • The Development Of New Materials for Automobile Parts: The use of new materials such as carbon fiber and aluminum has made it possible to produce lighter and more durable automobile parts.
  • The Increasing Trend Of Online Shopping: The growing trend of online shopping has made it easier for wholesalers to reach a wider customer base, increasing sales and revenue.

NAICS Code 423120-15 - Automobile Parts & Supplies (Wholesale)

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