Through 2030, the new vehicle market downturn will have a variety of consequences, but auto parts volume will continue to grow strongly.
Posts tagged as “vio”
Fewer miles traveled by the average car and light truck since 2019 should have negatively impacted aftermarket product volume. The opposite occurred.
Impact has consequences for the aftermarket regarding where parts are sold, where vehicles are serviced, and brands used in service and repair.
Tens of thousands of service bays closed across the U.S. from 2013 to 2023, resulting in a surge in light vehicles per bay.
New analysis reports that the predictions of EVs dominating U.S. roads are “overblown."
A new metric, Aftermarket Vehicle Average Age, is a "more accurate measure" of a VIO’s aftermarket potential: the average age of cars and light trucks four years and older, states report.
S&P Global Mobility's industry analyst Todd Campau presented insights into the emerging top-five aftermarket trends that he sees within the automotive industry.
