Aftermarket sales advance 4.6% in 2002
Oct 1, 2003 12:00 PM
Despite 2002's sluggish economy, automotive aftermarket sales in the do-it-for-me (DIFM) and do-it-yourself (DIY) sides of the industry both continued to increase, according to the 2003/2004 Aftermarket Factbook, published by the Automotive Aftermarket Industry Association (AAIA).
The Factbook says the DIFM market grossed about $126.5 billion in 2002, growing 4.9% since 2001. The DIY market grossed about $32.6 billion in the same year, a 4.4% increase over 2001 sales. Tire sales accounted for $16.5 billion of sales. Total aftermarket sales were about $175.6 billion in 2002, a 4.6% rise from the previous year.
Additional highlights of the 64-page Factbook include:
The number of aftermarket industry mergers and acquisitions remained relatively unchanged from the previous year.
Collision repair sales climbed 5.6% to $32.4 billion.
United States motor vehicle parts and accessories exports rose 0.5% to $48.1 billion.
Medium- and heavy-duty aftermarket product sales advanced by 1% to $61.5 billion.
The Factbook includes statistical tables, charts, analysis and trends in the US and key international markets covering:
Size of the automotive aftermarket.
Size of aftermarket segments (heavy-duty, PBE, tool and equipment, and trim).
Key economic indicators.
Sales of automotive accessories.
Sales of chemicals and motor oil.
Information on aftermarket distribution channels.
US vehicle usage statistics.
US automotive parts and accessories trade data.
State summary statistics.
Data on Canadian, Mexican, and European aftermarkets.
The four-color Factbook is available for $95 for AAIA members, $195 for non-members. To order, phone 301-654-6664 or order online at www.aftermarket.org.
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