Counterfeit Auto Parts Market Value: $16 Billion

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 estimated at $16 Billion.

This is higher than the previous $12 Billion estimate.

Source: David Blanchard, “While Automotive Industry Slumps, Bogus Suppliers Are Cleaning Up,” Industry Week Forums, August 20, 2008.

Fake parts reportedly cost Ford $1B,” CNNMoney.com, January 22, 2007, (accessed: September 25, 2007).

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