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.
Posts tagged as “tariffs”
"The $20,000-vehicle is now mostly extinct, and many price-conscious buyers are sidelined or cruising in the used-vehicle market," says analyst.
MEMA Aftermarket Suppliers' event to provide critical insights on how evolving tariff policies affect remanufactured products and core materials.
The automotive aftermarket is wrestling with the ramifications of what the President has called the “most beautiful word in the dictionary.” Tariffs.
The price shock in just one month for just two countries will become impossible to ignore for suppliers, dealers and consumers, says industry analyst.
New research projects that the national average cost of car insurance could increase 7%. Here's how insurance costs could rise in states by the end of 2025.
Through 2030, the new vehicle market downturn will have a variety of consequences, but auto parts volume will continue to grow strongly.
