Counterfeit auto parts in the European Union make up between 5 to 10 percent of all replacement auto parts sold.
Counterfeit Auto Parts
News and statistics about fake car parts and counterfeit auto parts. Data collected from auto companies, auto industry officials, safety inspectors and other public information sources.
According to a report by KPMG, the following are losses due to counterfeit goods in the United Arab Emirates.
- Counterfeit Food and Beverage: $9.5 Million
- Counterfeit Cigarettes: $15.49 Million
- Counterfeit Household Products: $3.4 Million
- Counterfeit Auto Parts: $476.8 Million
- Counterfeit Pharmaceutical Drugs: $1.3 Million
- Counterfeit Cosmetics: $37.7 Million
Total losses to counterfeit goods based on these products: $544.1 Million.
Out of the one million motorbikes sold in Vietnam each year, about 50 percent of the bikes are counterfeit versions.
The counterfeit auto parts market in India is estimated to be between $1 billion to $1.3 billion.
Counterfeit auto parts in China causes Toyota to lose an estimated $210 to $320 Million (20 to 30 Billion yen) a year.
Rival car maker Hyundai reported losing around $200 Million to fake parts from China as well.
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.
$9 Billion in losses to automobile parts makers around the world are due to counterfeit auto parts made in China.
Sources: Associated Press, “U.S. firms fighting the flood of fakes,” MSNBC.com, July 7, 2006,(accessed: July 10, 2006).
Up to 37 percent of auto parts sold in India are believed to have been counterfeits.
Source: Automotive Aftermarket Suppliers Association, “Counterfeiting-FACTS,”(accessed: May 1, 2006).
Around $200 million is lost in sales of auto parts to South Korean auto manufacturer Hyundai due to counterfeit parts made in China.
Source: “Chinese Imitations Undermining Korean Exports,” The Chosum Ilbo, January 15, 2007,(accessed: January 24, 2007).
Motor dealers in Kenya lost 65 percent of their market share to counterfeits in 2006, up from 50 percent in 2005. In addition, over 80 percent of Toyota parts in Kenya were found to be counterfeit.
Source: Roselyne Obala and Jane Akinyi, ” Revenue authority to investigate sale of counterfeit Toyota parts,” The Standard (Kenya), April 3, 2007.