AASA Launches New Website to Reduce Fraudulent Warranties
RESEARCH TRIANGLE PARK, N.C. – The Automotive Aftermarket Suppliers Association (“AASA”), in coordination with several key suppliers, is proud to announce the launch of www.checkthepart.com, a website designed to help give parts professionals information and tips on how to identify and reduce fraudulent warranty claims.
It has been estimated that fraudulent warranty returns cost auto parts stores over $600 million annually. The items returned for credit include worn OE parts, bricks, and other items meant to simply fill the box, as well as parts that were damaged during installation. As more high-tech sensors are sold and as the cost of auto parts continues to rise, it will become increasingly important to reduce fraudulent claims.
The website’s goal is to educate parts professionals on how to recognize and stop fraudulent returns, as well as provide a portal to report fraudulent returns. Parts professionals can also earn Check the Part-branded items for reporting examples of fraudulent claims through the submission portal.
The Check the Part Initiative was created by a group of manufacturers who want to help the industry address this widespread problem. The committee is comprised of members from Standard Motor Products, Dorman Products, KYB, MPA, Mevotech, MotoRad of America, and FDP Brakes. Check the Part has also been supported and endorsed by the AASA and the Auto Care Association.
The website promotes three simple steps to help reduce fraudulent claims:
Open the box and confirm the part is the same type of part that is described on the box and paperwork.
Confirm the brand of the part matches the brand on the box.
If the part is brand new and was never installed, it can be returned, but it should not be processed as a warranty.
Learn more about this initiative at www.checkthepart.com.
About Check the Part
Check the Part is comprised of like-minded automotive aftermarket suppliers committed to helping reduce fraudulent warranties. Fraudulent warranties cost the aftermarket hundreds of millions of dollars every year and can have a negative impact on the environment. Check the Part has been endorsed by both AASA and the Auto Care Association and has been actively promoted by AASA.
AASA (www.aftermarketsuppliers.org) exclusively serves manufacturers of aftermarket components, tools and equipment, and related products, an important part of the automotive parts manufacturing industry which supports 907,000 American jobs. AASA is a recognized industry change agent – promoting a collaborative industry environment, providing a forum to address issues and serving as a valued resource for members. AASA is the light vehicle aftermarket division of the Motor & Equipment Manufacturers Association (MEMA). “AASA, The Voice for the Automotive Aftermarket Supplier Industry”