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.

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