PAID: the DIY car boom
The automotive industry faces volatile market conditions, resulting in significant industry-wide supply issues. With these challenges, getting your hands on a new car can be a tedious process, leading many people to fix cars already in their driveway, instead of buying new ones.
However, this is not the only driver for the rise of automotive DIY. The industry is full of passionate improvers and restorers, and their do-it-yourself attitude has produced an increase in demand for parts and accessories. From celebrities like Beyonce showing off their collections at the recent surge in online car auctions, restoring and improving cars has a growing community of enthusiasts, and it shows no signs of stopping. eBay Motors, a leader in automotive parts and accessories, is witness to this.
“Automotive enthusiasts have long turned to eBay for our wide selection of trusted parts and accessories,” said Ryan Baltjes, Head of Automotive Parts and Accessories, eBay Canada. “But the auto DIY trend has really kicked into high gear in recent years, and we’re seeing it play out in our market. In fact, three auto parts are sold every second on eBay in North America.
Last year, eBay saw Canadian sales of transmission rebuild kits jump almost 65% and brake component kits increase over 85%, and the list goes on. The recent classic car valuation also shows just how growing this industry is, with classic cars increasing in value by more than 100% over the past decade, with a continued increase over the past year*.
But when it comes to DIY, it’s not always easy to find the niche or rare pieces needed to complete that awesome garage project. The rise of online shopping and global marketplaces is certainly giving enthusiasts more access to products than ever before. However, once a part is found online, the challenge is to ensure that it will actually fit your vehicle. That’s why features like eBay My Garage have been designed as a one-stop-shop for finding parts and accessories to match your vehicle’s exact specifications, ensuring that the part you’re looking to buy will fit your brand and your vehicle. model.
“Finding those rare or niche pieces can really make or break your project, so having access to the breadth of inventory that only a global marketplace like eBay can offer is paramount,” Baltjes said. “But access to inventory is only half the battle; you also need a reliable shopping experience when making such a unique purchase. That’s where eBay can’t be beat, with our money back guarantee on new and used parts, letting you shop with confidence.
So, for auto enthusiasts looking for those “perfect” parts for their latest project, they can head to ebay.ca/motors.
* Knight Frank (2021)