$9 Billion in losses to automobile parts makers around the world are due to counterfeit auto parts made in China.
Tag: Counterfeit Auto Parts
Market data on the counterfeit auto parts industry. Statistics and information on the financial losses from fake auto parts as well as additional resources on counterfeit parts.
Percent of Fakes in Parts Sold in India
Up to 37 percent of auto parts sold in India are believed to have been fake.
Hyundai Losses to Fake Parts From China
Around $200 million is lost in sales of auto parts to South Korean auto manufacturer Hyundai due to counterfeit parts made in China.
Kenyan Motor Dealer Losses to Fakes
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.
Losses to Auto Parts Suppliers in the United States
$3 Billion in revenue is lost to parts suppliers in the United States due to counterfeit auto parts.
Lost Sales to Ford From Fakes
Automaker Ford Motor Company losses up to $1 Billion to counterfeit auto parts each year.