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The Auto IDEA

The Auto IDEA

The Best and Latest News on All Things in the Car Kingdom!

Report: Young car enthusiasts spend $7.2 billion a year customizing vehicles

3/25/2019

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More than 7.9 million young car enthusiasts between the ages of 16 and 24 spend $7.2 billion each year customizing their vehicles, according to a recent study by the Specialty Equipment Market Association (SEMA).

Car modifying is an exciting creative outlet that lets young people express who they are. Larger projects become group projects, and mods give them something to talk about with friends. Here are some modifications young customizers perform on their cars.


(BPT) - For many car owners, their vehicle is an extension of their personality — and as such they customize it to reflect their individuality and uniqueness.

That’s particularly true for young car enthusiasts ages 16 to 24, who spend $7.2 billion each year customizing their vehicles, according to a recent study by the Specialty Equipment Market Association (SEMA).

“More than 7.9 million young people customize, modify or upgrade their vehicles each year,” says SEMA Director-Market Research Gavin Knapp. “Their vehicles not only help them get from A to B, they are also an integral part of their social lives.”

Car modifying is an exciting creative outlet that lets young people express who they are. Larger projects become group projects, and mods give them something to talk about with friends. Here are some modifications young customizers perform on their cars:

  • Wheels and tires: Almost half upgrade these elements. Original tires are upgraded to all-season models, performance slicks, off-roading tires or low-profile versions. Swapping out standard wheels for lighter options made of aluminum, alloy or carbon fiber enhances both the look and performance of any given car.
  • Exterior body mods: Exterior looks matter to 42 percent of young customizers. They spend money adding tint to their windows, completely wrapping their car body or installing a body kit. Customizers also often upgrade their bumpers, mirrors, fenders and grilles to achieve unique looks.
  • Interior mods: From simple changes like upgraded floor mats to more intricate modifications like installing a new dash kit or replacing upholstery, 16- to 24-year-old enthusiasts feel enhancing the interiors of their cars is just as important as modifying the exteriors. Changing the seats alone can result in a more comfortable ride.
  • Lighting: Lighting modifications are some of the easier and more common upgrades performed by young car aficionados. Most exterior lighting upgrades consist of replacing the taillight and headlight covers, switching lightbulbs and/or adding lighting kits. Inside vehicles, customizers easily personalize looks by changing cabin and dash lighting to different hues.
  • Mobile electronics: Upgrading a car’s sound system remains a priority for young enthusiasts, including new stereos, speakers, amplifiers or anything else that enhances sound to their liking. Other electronic upgrades may include new GPS systems, dashboard cameras, alarm systems and/or Smartphone connections.
  • Performance enhancement: Young customizers enhance the performance of their cars by switching to aftermarket high-performance oil, fuel additives and engine treatments. By replacing original equipment such as brake pads and rotors with lighter counterparts, they can also lower vehicle weight. Modifications like an updated suspension system, exhaust kit, drivetrain and/or intake system can help a vehicle perform at a different level.

Those are just a few of the many types of vehicle modifications young enthusiasts routinely perform on their vehicles, made possible by the many options available to them in the $43 billion automotive aftermarket industry.

Manufacturers introduce their latest products and services every year at the SEMA Show in Las Vegas, the leading trade-only show for automotive industry businesses. Consumers can connect with those businesses at the official SEMA Show after-party known as SEMA Ignited, where one-of-a-kind custom vehicle builds with the newest aftermarket products (including wheels) parade out of the convention center to the ultimate car show. For more information, visit www.semaignited.com.



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Top tips for successful buyers and sellers in the auto salvage industry

8/25/2016

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(BPT) - The auto salvage industry is more popular than ever. While automotive prices rise, so does the difficulty in finding a good deal on a vehicle, and yet, many are still misinformed about what a salvage car truly is. Automotive consumers have been misled to believe that a salvage car, scrap car, junk car and total loss vehicle are one in the same. As a result, many consumers are not aware of the value that the auto salvage industry has to offer.

What is auto salvage

Cars that are categorized as salvage come in all makes, models, conditions and mileage, but what does auto salvage really mean? The term auto salvage is quite simply the state of the car’s title, and it refers to vehicles that have been characterized by insurance companies, adjusters and the states as damaged in some way. The term “salvage” is generically used negatively; however, a salvaged vehicle does not necessarily imply that it cannot be rebuilt, repaired or safely driven again. In fact, many salvaged vehicles are cars that have undergone minimal aesthetic damage, and rebuilt or repaired vehicles are specifically required to pass a special inspection before they can legally be released for the open road.

Alternatively, a total loss vehicle is not a type of title, but it is a type of salvage vehicle. A total loss vehicle occurs when the insured property is totally destroyed or damaged in a way that cannot be repaired or recovered for future use. It is important to understand the difference in order to truly appreciate how the auto salvage industry operates — this also enables buyers and sellers to make smart choices.

The auto salvage industry

From the early days of automobiles, automotive recycling has developed into a refined and technology-driven industry. It is valuable as a consumer to understand that the auto salvage industry is really the automotive recycling industry. The primary focus of all entities within the industry is to repurpose, reuse and retain the value of all things automotive, and find a new life for the vehicle or components of the vehicle.

The auto salvage industry is a thriving part of the automotive supply chain. Automotive recycling as a whole represents over $32 billion in sales annually, and the industry employs over 140,000 employees in the U.S. alone. In addition to the critical role that the auto salvage industry plays in the automotive supply chain, automotive recyclers play a valuable role in the environmentally-friendly process of dismantling, recycling or repurposing of motor vehicles. Buying and selling a salvaged vehicle is not only more cost efficient, it also preserves natural resources and significantly reduces pollution and the demand for landfill space.

Title

Buyers and sellers of salvaged vehicles can sleep soundly knowing that all title discrepancies must always be announced during the transfer of a vehicle. This is including, but not limited to, mileage, salvage, theft, recovery, stolen vehicle, buybacks and more. Insurance transfers also require full disclosure, and by law, titles will always be changed to reflect the vehicle's true status. Remember to be a smart buyer and check your state for the different title types and what they mean.

Copart

All buyers and sellers should take it upon themselves to fully understand vehicle history and title status before offering to buy and sell cars. If you are looking to buy and sell a salvage title vehicle, Copart.com exceeds all expectations and demands. Copart, Inc., a leader in live online salvage and insurance auto auctions, is a publicly traded and reputable company with a dependable global footprint. Copart has grown into the premier online destination for quality vehicles that links buyers and sellers all around the world.
The salvage auto industry is more popular than ever before, and Copart.com makes it more convenient than ever before to access thousands of vehicles.

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