Seattle (PRWEB) October 21, 2008
Car enthusiasts feeling the pinch of today's weakening economy can now stretch their budgets further. FrugalMechanic.com, a new auto part Web site dedicated to helping weekend mechanics find the best deals on auto parts, today unveiled a new comparison shopping engine focused exclusively on the auto part industry. The site allows consumers to quickly and easily compare prices from dozens of online retailers to find the specific part they need for less.
The launch of the site comes at a key time for auto enthusiasts. The total sales of auto parts reached $285 billion in 2007, up 4% from 2006 . Online sales of autos and auto parts ranked #3 in total sales in 2007 at $16.7 billion , behind only clothing and computer hardware/software. Auto part sales in 2008 are forecasted to be healthy once again as many consumers, trying to stretch budgets further, are forced to repair their current cars rather than purchase new cars.
J.D. Power and Associates reports that new-vehicle retail sales are projected to end 2008 at 10.8 million units, which is 2 million units below 2007 sales. Additionally, J.D. Power and Associates notes that two-thirds of this decline can be attributed to consumers delaying the purchase of a new car and keeping their vehicles 4 months longer in 2008 compared with 2007.
Whether they are trying to make their current car last longer, improve gas mileage or just go faster, car enthusiasts no longer need to spend hours combing multiple Web sites and driving from store-to-store to find the best deal. Shoppers need to simply enter the year, make and model of the car and the part they are looking for at FrugalMechanic.com and they will be presented with a complete list of buying options sorted by price.
The site's database of over 5 million part configurations makes FrugalMechanic.com the best place to start an auto part search. FrugalMechanic.com routinely collects and compares pricing from dozens of auto part retailers to provide shoppers with the largest selection of auto parts on the Web.
"I've always believed that everyone deserves a good deal," says Tim Underwood, co-founder of Frugal Mechanic. "With the launch of FrugalMechanic.com, everyone can find a great deal without spending hours searching and comparing - we do the hard work so you don't have to."
About Frugal Mechanic (http://frugalmechanic.com)
Launched in 2008, FrugalMechanic.com scours the web to provide shoppers with the largest selection of auto parts on the web. FrugalMechanic.com regularly collects and compares pricing information from dozens of auto part retailers so you don't have to. The site's database of over five million part configurations makes Frugal Mechanic the best place to start your auto parts search. The management team has nearly a decade of experience working at Amazon.com and Microsoft. The company is headquartered in Seattle and is privately held. Co-founder Eric Peters will be speaking Wednesday, Oct. 22nd at an nPost event for technology start-up companies.
1. Source: AAIA (Automotive Aftermarket Industry Association)
2. Source: NRF/Shop.org 2007 'State of Retailing Online' report
3. Source: J.D. Power and Associates Report: U.S. New-Vehicle Retail Sales in 2008 Forecasted to Decrease by 2 Million Units Below 2007 Levels; Total Light Vehicle Forecast Revised Down to 13.6 Million Units for 2008, 13.2 Million Units for 2009, 10/9/2008