The average hourly wage for non-supervisory employees in five of the six aftermarket sectors increased between 2001 and 2002, according to the Automotive Aftermarket Industry Association (AAIA) 2003/2004 Aftermarket Factbook. The largest increases were seen for workers in motor-vehicle parts and accessories manufacturing.
Average hourly wage for production workers rose 6.2% to $18.62 from 2001 to 2002. Wage rates also increased in motor-vehicle parts supplies and tire wholesale, as well as new and used motor-vehicle dealer sectors. Additional highlights of the 64-page Factbook include:
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The number of aftermarket industry mergers and acquisitions remained relatively unchanged from the previous year.
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Collision repair sales increased 5.6% to $32.4 billion.
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United States motor vehicle parts and accessories exports rose 0.5% to $48.1 billion.
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Medium- and heavy-duty aftermarket product sales increased by 1% to $61.5 billion.
The four-color Factbook is available for $95 for AAIA members and $195 for non-members. To order, phone 301-654-6664 or order online at www.aftermarket.org. Discounts are available for multiple copies.