An additional 5% growth is expected for 2023 and growth will average more than 3% in 2024, bringing the light-duty aftermarket to $401.5 billion by 2025.
Posts tagged as “covid-19”
"It is unlikely that we will make up all of the production lost during the shutdowns, but vehicle manufacturers are working through previously schedule summer vacation shutdowns to try and catch up," NADA reports.
New-to-industry independent shop owners of Autosport Collision combat pandemic slowdown with new shop processes, blueprinting implementation and factory certifications.
Between May 4-29, 500 independent automotive repair shops were surveyed to provide new perspective on the challenges that shops and technicians anticipate facing for the duration of the year.
Shop owners and facility managers should be mindful of adhering to the most stringent applicable laws in considering their duty to provide a healthful and safe workplace for their employees.
“Social distancing is creating a new standard for the way businesses are run and changes in global policies and general uncertainties make even traditional claim settlements a challenge," says Stuart Blake, APAC.
As the crisis forces some shops to close, it presents opportunity for acquisitions and a wake-up call to continually improve business operations.