Hourly wages rising in aftermarket sector
Oct 1, 2002 12:00 PM
The average hourly wage for non-supervisory employees in all six sectors of the United States aftermarket increased between 2000 and 2001, according to the Automotive Aftermarket Industry Association (AAIA) 2002/2003 Aftermarket Factbook. The largest increases were seen for workers in auto parts supply stores and automotive repairs shops.
The 56-page Factbook reports that the average hourly wage at auto supply stores rose 5.1% to $11.38 in 2001 from $10.83 in 2000. Wages at auto repair shops increased 4% in 2002. Average hourly wage at automotive repair shops in 2001 was $13.90/hour, up from $13.37 in 2000. Other highlights include:
Vehicle service repair, accounting for two-thirds of total automotive aftermarket sales, rose 6.3% to $123 billion.
Do-it-yourself sales climbed 2.2% in 2001.
The number of aftermarket industry mergers and acquisitions slowed and the value of the deals was less in 2001.
Windshield wiper blades were the strongest sellers in the aftermarket accessories category with a 9.8% increase.
A 6.2% rise in sales for the accident repair industry reflects statistics reporting more vehicles involved in accidents in 2001.
US motor vehicle parts and accessories exports declined by 7.2% to $50.2 billion.
Medium- and heavy-duty aftermarket product sales fell 1% to $60.9 billion.
Automotive chemicals and motor oil increased 6.8% to $9.9 billion, with appearance chemical sales growing 13.4%.
The four-color book's price is $75 for AAIA members, $150 for non-members. Discounts are available for multiple copies. To order, phone 301-654-6664 or access www.aftermarket.org.
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