Growing number of foreign nameplates and ICE vehicles per service bay in the U.S. is shaping the light-vehicle aftermarket in several significant ways.
Posts tagged as “light vehicle aftermarket”
The industry will experience a shift in DIFM market share and parts proliferation will significantly rise as lower new auto sales increase the average age of vehicles.
And by 2029, the market is projected to grow to over $500 billion, continuing a sustained growth trajectory since the pandemic.
Brick-and-mortar businesses will face headwinds, while parts proliferation provides competitive opportunities for eCommerce in DIY and DIFM markets.
The extent to which each of the five brand types integrates with eCommerce will play a significant role in determining their success.
