Aftermarket grew 3.5% in 2001, says AAIA
Jun 1, 2002 12:00 PM
The United States motor vehicle aftermarket grew by 3.5% in 2001 to $255.2 billion, with the automotive segment recording the largest growth, a 4.8% jump to $178.8 billion. This is according to the AAIA 2002-2003 Aftermarket Factbook published by the Automotive Aftermarket Industry Association (AAIA). Highlights of the 56-page book include:
Vehicle service repair, accounting for two-thirds of total automotive aftermarket sales, rose 6.3% to $123 billion.
Do-it-yourself sales were up 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% sales increase for the collision repair industry reflects statistics reporting more vehicles involved in collisions in 2001.
US motor vehicle parts and accessories exports declined by 7.2% to $50.2 billion.
Medium- and heavy-duty aftermarket product sales declined by 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 Factbook is available for $75 for AAIA members and $150 for non-members. To order, phone 301-654-6664 or order online at www.aftermarket.org. Discounts are available for multiple copies.
