The size of the light-truck aftermarket has nearly doubled in the past 10 years, rising from $38.8 billion in 1993 to $74.1 billion in 2002, according to The US Light-Truck Aftermarket: The Impact of Growing Pickup, SUV, and Minivan Sales, released by the Automotive Aftermarket Industry Association (AAIA).
According to the study, sales in the light-truck aftermarket experienced a 7.4% rise from 2001 to 2002, growing from $69.0 billion to $74.1 billion. The size of the 2003 light-truck aftermarket is forecast as $79.9 billion, an estimated 7.8% increase over 2002.
Size of the light-truck aftermarket is estimated based on factors including business receipts, vehicle sales, automotive product prices, vehicle registrations, and component maintenance and repair replacement rates.
This study contains additional information on:
Comprehensive sales data for each light-truck type, subtype, and model.
Historical and current registration data for each light-truck segment.
Miles of travel, fuel consumption, and operating costs for light trucks.
Replacement rates for specific maintenance and service jobs for each light-vehicle segment.
Forecasts of the size and contribution of light trucks to the light-vehicle aftermarket.
For more information, or to order the study, phone AAIA at 301-654-6664. Price of the study is $295 for AAIA members and $595 for non-members.