Runway wheels and runaway deals
Testimony from both the fashion industry and the auto parts industries were recently heard during a subcommittee meeting in the U.S. House of Representatives. Now, what do those two very different industries have in common? Intellectual property. It’s not just fashion that is being copied or counterfeited, the minute the models leave the runway. It could also be auto parts. It is estimated by the U.S.Chamber of Commerce, that piracy and counterfeiting cost U.S. businesses $225 billion in revenue every year. That is a staggering number!
The Senate Judiciary committee is hearing both pros and cons that are being discussed regarding the proposed “Design Piracy Prohibition Act”. When it comes to your daily driver it is a complicated issue. One idea is to have a “repair clause” in the design law that will preserve a consumers right and access to quality alternative crash or repair parts. Who knows, this may be the key to keeping the market place competitive and allow you to have a choice when it comes to your repair. Just think, if every car in an accident or that needs a repair, has to use the Original Equipment Manufactured parts. There is no way our insurance companies are going to like that one!
There is a need and a market place for reliable parts that may not be OEM. But, counterfeiting is just wrong, and can be dangerous to a consumer when it comes to their auto parts. Legislation to overhaul our U.S. patent system has been in the works for a while, and passed the House of Representatives and is in the Senate Judiciary committee. It will be interesting to hear more of the feed back from both sides of this issue. Of course, we want to monitor the situation in regards to auto parts and how it could impact you and your BMW repair.