Although they have maintained a dominant aftermarket product position, replacement parts’ share of light vehicle products fell below 62% in 2023.
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The Big Five and dozens of independent MSOs and dealers continued to acquire and develop hundreds of shops.
Contributors to the January chill include solid closeout to sales in December, combined with some inclement weather effects.
Letter urges lawmakers to restore full, first-year tax deductibility for R&D expenses rather than over 5 years, which makes R&D exponentially more expensive.
EVs are the worst at holding their value, while hybrids, sports cars and trucks depreciate the least Woburn, Mass.—All cars held their value better in…
"Changes in the age mix of vehicles in operation will have significant consequences for the Do-It-For-Me market through the end of the decade," states report.
"Our team is thrilled with our growth in 2023 ... 2024 will continue this growth trend," says John Hollingsworth, Director of US Business Development.
