Countermeasures
AutoKnow Sept 5, 2016

autoknow_counterfeitOverview

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Description

Counterfeit auto parts are a multibillion-dollar drain on the industry, and it’s so pervasive, even carmakers can be ripped off. Maysa Razavi, anti-counterfeiting manager for the International Trademark Association, said at least one luxury carmaker has fallen prey to ripoffs. ‘It’s not just consumers, but sophisticated buyers who get tricked,’ she said, declining to name the carmaker.
In 2015, the United States reported 132 seizures of counterfeit auto parts while Europe reported 637 seizures. In total, the U.S. counterfeit market was about $1.3 billion in 2015, with automotive worth about three percent of that figure, according to the U.S. Customs and Border Patrol.

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