The trend has four significant consequences for aftermarket product sales, including more heavy repairs and additional replacement cycles for numerous parts.
Posts tagged as “vehicles in operation”
Low scrappage rates in the U.S. are boosting aftermarket size and changing the mix of aftermarket products and brands used.
The repair-age sweet-spot population will be down by nearly 15% in 2030, with fewer cars and light trucks 6-to-10 years old on U.S. roads.
Average age of light vehicles in the US reaches all-time high; Light trucks among 50% of electric vehicle new registrations as EVs gain more VIO.
The other four major groups of DIFM outlets suffered lower product sales over the past five years.
The growing vehicle population and expanding DIFM sales should have triggered a surge in the nation’s bay population. However, the opposite has occurred.
