Automotive Used Parts Business

Automotive Used Parts Business Success Stories [2024]

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Updated: October 8th, 2024

The automotive used parts business offers a practical solution for both car owners and environmentally conscious entrepreneurs. In essence, this business revolves around sourcing, refurbishing, and reselling used automotive parts.

As the demand for affordable vehicle parts continues to rise, this business taps into a growing market. The process involves acquiring parts from junkyards or directly from vehicle owners, ensuring they meet quality standards, and then making them available for resale at competitive prices.

Setting up this business requires a keen understanding of car mechanics, reliable suppliers, and efficient inventory management. It's a venture that involves hands-on work, from negotiating purchases to refurbishing parts and handling sales.

Despite the workload, the automotive used parts business is appealing due to its dual benefits: providing cost-effective solutions for car repairs and promoting sustainability by recycling parts. For those who are knowledgeable in car maintenance and dedicated to customer satisfaction, this business can be rewarding.

In this list, you'll find real-world automotive used parts business success stories and very profitable examples of starting a automotive used parts business that makes money.

1. Elaphe Propulsion Technologies Ltd. ($14.4M/year)

Gorazd Lampič, the founder of Elaphe, was initially pursuing a career in astrophysics when he came across an article about Andrej Detela's vision for in-wheel motors for electric vehicles (EVs). Intrigued by the potential impact of this technology, Lampič reached out to Detela and the two quickly began working together. Now, 20 years later, Elaphe has become a leading provider of in-wheel propulsion systems, working with major carmakers and achieving impressive financial success with a turnover of €15 million and €4 million in EBITDA in 2021.

How much money it makes: $14.4M/year
How much did it cost to start: $10M
How many people on the team: 150

My Car Tech Startup Just Reached $14M/Year

Elaphe Propulsion Technologies has revolutionized the electric vehicle industry with their in-wheel electric motor technology that can accelerate a vehicle from 0 to 100km/h in just three seconds, enabling carmakers to design truly user and mission-focused cars and work with all of the key traditional and new carmakers.

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2. AVTOPRO ($540K/year)

In a communal apartment in Odessa, Evgeny Alyanchikov and friends turned their classic web studio into a major marketplace, Avto.pro. By 2021, over 5,000 stores in Ukraine sold automotive products worth $105 million through their platform.

How much money it makes: $540K/year
How much did it cost to start: $35K
How many people on the team: 50

How Two Friends Built A $540K/Year Marketplace For Automotive Products [Ukraine]

Avto.pro is a leading Ukrainian marketplace for auto products that sold goods worth $105 million in 2021, with the potential to become a new Unicorn, by providing unique solutions that digitize the market, optimize logistics and trade chains, rebuilding relations between car owners and service stations, and introduce simplicity and transparency to the process for the client.

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