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.