Aftermarket grew 3.5% in 2001, says AAIA

The United States motor vehicle aftermarket grew by 3.5% in 2001 to $255.2 billion, with the automotive segment recording the largest growth, a 4.8% jump to $178.8 billion. This is according to the AAIA 2002-2003 Aftermarket Factbook published by the Automotive Aftermarket Industry Association (AAIA). Highlights of the 56-page book include:

  • Vehicle service repair, accounting for two-thirds of total automotive aftermarket sales, rose 6.3% to $123 billion.

  • Do-it-yourself sales were up 2.2% in 2001.

  • The number of aftermarket industry mergers and acquisitions slowed, and the value of the deals was less in 2001.

  • Windshield wiper blades were the strongest sellers in the aftermarket accessories category with a 9.8% increase.

  • A 6.2% sales increase for the collision repair industry reflects statistics reporting more vehicles involved in collisions in 2001.

  • US motor vehicle parts and accessories exports declined by 7.2% to $50.2 billion.

  • Medium- and heavy-duty aftermarket product sales declined by 1% to $60.9 billion.

  • Automotive chemicals and motor oil increased 6.8% to $9.9 billion, with appearance chemical sales growing 13.4%.

The four-color Factbook is available for $75 for AAIA members and $150 for non-members. To order, phone 301-654-6664 or order online at www.aftermarket.org. Discounts are available for multiple copies.

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