When Tier 1 suppliers underinvest in aftermarket, the impact shows up downstream for OEMs, distributors, dealers, and shops.
Posts tagged as “parts and service”
Gasoline prices climbed 21.2% month over month, adding a significant cost to household budgets. Auto repair costs also continue to increase.
High new car prices pressure drivers to keep vehicles longer as they strive to find more value at lower costs for parts and service.
Close to one-third of U.S. automakers expect parts and service to contribute no less than half of their entire revenue within the next five years.
