Forecast predicts increase in U.S. aftermarket parts sales

158

$ 41 billion is the projected increase in U.S. aftermarket parts sales by 2021 over 2017 levels, according to a forecast conducted for two large aftermarket trade groups, the Automotive Aftermarket Suppliers Association and the 3,000-member Auto Care Association.

The forecast predicts that aftermarket parts sales will hit $ 327 billion in 2021 in the United States, compared with $ 286 billion last year. Bill Long, Aftermarket Suppliers Association president, said the growth is partly due to rising consumer confidence, and partly a result of “new and emerging technologies, changes in the distribution model and changes in consumers’ expectations for mobility.”

Let’s block ads! (Why?)

Automotive News Supplier News Feed

Get real time updates directly on you device, subscribe now.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
You might also like

Leave A Reply

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More