The Industry’s First Pure Play Automotive Parts Only Enterprise Level Marketplace
Cars, Trucks, Commercial Trucks, Motorcycles, Boats, RV, UTV/ATV, Snowmobiles and Jet Skis
Auto Parts 4Less Group, Inc. (F.K.A. The 4Less Group, Inc.) presently trades on the OTCQB under the symbol FLES.
Auto Parts 4Less Group, Inc. (the ”Company”) entered the online auto parts sells business in 2015 selling lift kits and other aftermarket accessories for Jeeps, Trucks and SUV’s on eBay and Amazon. In 2019 liftkits4less.com was launched and continues selling aftermarket parts today.
Building off the knowledge base and success of our e-commerce site, LiftKits4Less.com, the Company now seeks to unify the very large and fragmented online automotive parts industry with the launch of what is believed to be the industry’s first pure play enterprise level automotive parts multi-seller platform under the URL AutoParts4Less.com. A marketplace entirely dedicated to selling automotive parts including cars, trucks, boats, motorcycles, and RVs on a single platform.
The US automotive aftermarket industry has experienced an even greater explosion of sales this year with projected sales of $439 billion. Based on an unsure economy for the near future today’s consumers are keeping cars longer and replacement auto parts is a priority in keeping their older vehicles operating and lasting longer.
This has led to a 20% compounded annual ecommerce growth (CAGR) in U.S. auto parts sales. It is projected that in 2022 that the US total automotive parts ecommerce sales will reach $38 billion and will grow to $67 billion by end of 2030.
The Automotive Parts Industry
There will be 234.5 million people licensed to drive in the US by 2022.
The entire automotive aftermarket industry in the US reached $381 billion in 2020, with light duty vehicles contributing $282 billion.
It takes 535,000 businesses to serve all 280+ million light, medium, and heavy-duty vehicles registered in the U.S. today.
Personal consumption of auto parts in October 2020 was up 8% from October 2019. It hit an all-time record in June 2020, reaching $50.5 billion.
The US aftermarket auto parts industry is expected to see a compound annual growth rate of about 3% per year and is projected to reach $449 billion by 2023. The global automotive aftermarket size is anticipated to reach over $513 billion by 2027.
The growth rate of online parts sales has historically been about 16% per year but in 2020 surged to a 30% increase, according to automotive market research done by Hedges & Company. This includes replacement parts, aftermarket parts and accessories.
The Opportunity
Platforms are horizontal networks that connect buyers and sellers, speakers and listeners, creators and consumers, to one another, bypassing traditional gatekeepers.
The internet hosts many successful platforms such as Alibabs, Twitter, Facebook, YouTube, Etsy, eBay, Airbnb and Amazon. There are also niche online marketplaces like Bonanza and Fruugo and Hollar, fashion-focused marketplaces such as Zalando and Fullbeauty, bargain-focused marketplaces such as Tophatter and Tanga… and the list goes on.
Building off the knowledge base and success of their multi-million-dollar e-commerce website LiftKits4Less.com, that targets the aftermarket automotive parts for Jeep, Truck and SUV vehicles, the Auto Parts 4Less Group (Autoparts4LessGroup.com) has now launched what is believed to be the world's first automotive parts only multi-seller platform under the URL AutoParts4Less.com.
Today, four of the world’s five most-valuable companies are platform businesses. In almost every industry, platforms are starting to emerge, and when a platform enters a traditional product market, the platform virtually always wins. AutoParts4Less.com seeks to unify the fragmented very large automotive parts industry.
The global automotive aftermarket industry, estimated to be worth $722.8 billion last year, has experienced an even greater explosion of sales this year. COVID-19 fears still prevail throughout the world, so today’s consumers are including purchasing new or replacement auto parts as a priority, realizing that regular maintenance and parts replacements are vital to keeping their older vehicles operating and lasting. This has led to a 16% increase in U.S. auto parts sales since last year, totaling $40.7 billion.
The new platform AutoParts4Less.com will be strongly positioned to capitalize on these fronts 1) the paradigm shift of acceptance of shopping for automotive parts online. 2) the vast population of owners of cars, trucks, RVs, motorcycles, boats, or other vehicles seeking a simplified, convenient “one stop shop” for all of their automotive parts needs. And 3) product based platforms are wildly successful for the simple fact sellers compete to win the “buy box” based on price, ship times, return polices etc all of which ultimately drives massive value to the consumer.
The World First Automotive Parts Only Multi-Vendor Marketplace
Cars, Trucks, Commercial Trucks, Motorcycles, Boats, RV, UTV/ATV, Snowmobiles and Jetskis
Size & Growth of the Automotive Parts Market
Auto Parts 4 Less Investor Update and Major Milestone
Auto Parts 4Less Group has Launched their Proprietary Marketplace Software Allowing for Millions of Parts SKUs to be Listed and Updated Daily
Las Vegas, NV, March 23, 2022 (GLOBE NEWSWIRE) -- Auto Parts 4Less Group announced that they have launched a new proprietary marketplace software designed to seamlessly integrate functionality within the automotive parts big data environments. The Company’s new platform technology will provide the ability for millions of SKUs to be listed per day while allowing millions of product updates daily through the Company’s vendor friendly API for scalability, speed, reliability, and security.
Auto Parts 4Less Group Announces Name Change and Reverse Split - Effective April 28th, 2022
Las Vegas, NV, April 29, 2022 (GLOBE NEWSWIRE) -- Auto Parts 4Less Group, Inc. (OTCQB: FLES) announced a 10 to 1 reverse stock split, which was made effective on April 28, 2022. Tim Armes, president of Auto Parts 4Less Group, Inc., said “We believe the name change from The 4Less Group, Inc to Auto Parts 4Less Group, Inc. was an important step in the evolution of our company... building a business model that potentially will allow us to sell more auto parts for less, while maintaining consistent branding with our flagship service, Autoparts4less.com.”
Who We Are
Auto Parts 4Less Group, Inc. operates cutting-edge marketplaces that provide direct sales of automotive parts to customers from a wide variety of manufacturers and resellers.
Our Mission
Auto Parts 4Less Group, Inc. is on a mission to connect automotive parts manufacturers and resellers with customers in the most effective, modern, and affordable way. AutoParts4Less.com is on track to do just that.
Investment Opportunity
By investing in the Autoparts4lessgroup.com, you’ll help to crowdsource a platform that is poised to be the Amazon for automotive parts, connecting millions of buyers with thousands of sellers in the world's first automotive parts multi-vender marketplace.
Contact Us
Get more information about exciting investment opportunities, business partnerships for manufacturers, or our products.