Aftermarket sales advance 4.6% in 2002

Despite 2002's sluggish economy, automotive aftermarket sales in the do-it-for-me (DIFM) and do-it-yourself (DIY) sides of the industry both continued to increase, according to the 2003/2004 Aftermarket Factbook, published by the Automotive Aftermarket Industry Association (AAIA).

The Factbook says the DIFM market grossed about $126.5 billion in 2002, growing 4.9% since 2001. The DIY market grossed about $32.6 billion in the same year, a 4.4% increase over 2001 sales. Tire sales accounted for $16.5 billion of sales. Total aftermarket sales were about $175.6 billion in 2002, a 4.6% rise from the previous year.

Additional highlights of the 64-page Factbook include:

  • The number of aftermarket industry mergers and acquisitions remained relatively unchanged from the previous year.

  • Collision repair sales climbed 5.6% to $32.4 billion.

  • United States motor vehicle parts and accessories exports rose 0.5% to $48.1 billion.

  • Medium- and heavy-duty aftermarket product sales advanced by 1% to $61.5 billion.

The Factbook includes statistical tables, charts, analysis and trends in the US and key international markets covering:

  • Size of the automotive aftermarket.

  • Size of aftermarket segments (heavy-duty, PBE, tool and equipment, and trim).

  • Key economic indicators.

  • Sales of automotive accessories.

  • Sales of chemicals and motor oil.

  • Information on aftermarket distribution channels.

  • US vehicle usage statistics.

  • US automotive parts and accessories trade data.

  • State summary statistics.

  • Data on Canadian, Mexican, and European aftermarkets.

The four-color Factbook is available for $95 for AAIA members, $195 for non-members. To order, phone 301-654-6664 or order online at www.aftermarket.org.

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