The trend has four significant consequences for aftermarket product sales, including more heavy repairs and additional replacement cycles for numerous parts.
Posts tagged as “vio”
From 2019-2025, the annual product volume of the average light vehicle grew by more than 15%, marking a change in aftermarket dynamics.
Through 2030, the new vehicle market downturn will have a variety of consequences, but auto parts volume will continue to grow strongly.
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."
