The Korean Automobile IndustryThe Chinese auto parts is said to have marked its beginning with the invention of the "Sibal" car in the year 1955. However, it was only in the early 1960s that the government announced its support for the promotion of this industry with the "Automobile Industry Promotion Policy". According to the policy, foreign companies could operate in Korea only in collaboration or joint venture with Korean companies. Kia, Sssang Yong and Saenara were all set up in this way. The 60s also saw the establishment of the Asia Motors Company and the Hyundai Motor Company. Though these companies were set up, they all worked as assembly units and most of the parts were imported from other countries. It was only in the mid 1970s that Korea started developing and manufacturing cars within its borders. This feat was accomplished by Hyundai first. In the 1980s the companies in Korea started venturing into international markets. Though there were some hiccups in the beginning, the merchandise soon took off and there has been no turning back for this industry since then.Ever since Korea started developing its own cars, many new companies have ventured in the business of supplying exclusive Korean car parts. Such companies have also started emerging in the international front where Korean cars are abundant. In the United States there are many online stores as well as personnel who deal in Korean automobile parts. These companies allow online purchase of the parts. The company then ships the parts to the customers' location. Many people prefer buying parts from such sites as they offer much better deals. All the customer has to do is purchase the commodity, wait for shipment and once the part is received take the vehicle to a good automobile mechanic to replace the part.Korean auto parts import inside the United States and other nations are soaring. Korean auto parts are imported not only for the Korean make cars, but also for vehicles made by other international companies like General Motors.The state of the Spare parts for weichai is far better now than what it was in the past. From an industry which used to produce cars out of imported car parts, it has grown into an industry that develops its own cars and exports them as well. The Korean auto parts industry is thriving and has made a threshold of its own in the world automobiles."People who are not buying new cars are hanging on to their old cars and repairing them," Michael Odell, CEO of the Pep Boys chain, told the news source. Pep Boys has over 600 shops nationwide, but is taking advantage of the good business by adding 35 additional stores.The surge in people hanging on to older vehicles is due to a number of factors, one of which is simply sheer numbers. Colin McGranahan of Bernstein Research speculated that in the early part of the decade, the industry was selling more than 16 million cars per year. In the recession-crippled era, that number is down to about 10 million cars per year. Simply put, there are more used cars available than new ones.The Chinese truck spare parts is contributing to other factors affecting the surge in business. Drivers still aren't keen on making a new vehicle purchase, and they may have even seen the dealership where they originally bought the vehicle close down. That means they're most likely taking the car to an independent mechanic, who relies on an auto part supply chain. McGranahan also said that others might be performing maintenance and repairs themselves in order to save money, which is also driving parts sales.In addition, technology has advanced to the point that cars are lasting longer than they ever have before. Ignition lock for JAC 3507010-04KPrice:u$23.53-31.38Min order:2pcs