80% of Counterfeit Components in British Cars are from China
China's counterfeit components are known internationally. Not long ago when China's government delegation visited UK, they were embarrassed to be told by BAFD that 70% to 80% of components is British cars are counterfeits from China.
The main profits for car distributors do not come from new car sales, but from after-sales that focus on repair and maintenance. Wear parts in particular take quite a large portion of the profits. Prices for genuine parts can be multiple time higher than that for aftermarket parts, and thus genuine parts guarantee profit gain. China's after-sales parts market is large. According to related statistics, back in 2012 car maintenance after-sales market has reached 400 billion production value. By 2015 that value will reach 700 billion. However, China's component companies and maintenance companies have very small scale are dubbed as "scattered and low-level". A specialist said, "Since the past this industry had very low social status, and it was the most messed-up market in the automotive supply chain because there was no such thing as standards and government surveillance was rare."
