Total U.S. light duty automotive aftermarket sales are forecasted to increase 8.5% in 2022, totaling $356.5 billion.
The industry position statement declares that consumers and repair facilities are best served when multi-brand scan tools are available.
ETI, AASA and the Auto Care Association believe shops will be best-served to have both OEM and multi-brand tool accessibility.
The 2018 Joint Channel Forecast Model, jointly produced by the Automotive Aftermarket Suppliers Association (AASA) and the Auto Care Association, also predicts that total aftermarket sales will grow from $286 billion in 2017 to $327 billion in 2021, an increase of nearly $41 billion over the four-year period.
The New Aftermarket Reality: Road Ahead Requires Collaboration, Shared Vision and Planning for the Connected Aftermarket
In a speech to aftermarket parts manufacturers, jobbers, warehouse distributors and retailers, Bill Long, AASA president and chief operating officer, focused on the steps the aftermarket must take to achieve the desired outcome of optimizing the industry’s ability to leverage telematics.
Joint Channel Forecast Model predicts sales to total $296.3 billion through 2019.
The panel discussed the future of vehicle-to-vehicle communications, the independent aftermarket supplier’s role with advanced vehicles and how the diagnostics community can better prepare for these advances.
The Automotive Aftermarket Suppliers Association (AASA), the Auto Care Association, and the Automotive Aftermarket Products Expo (AAPEX) will partner with ASA to help build and sponsor programs.
Total aftermarket sales predicted to grow from $246.7 billion in 2014 to $284.3 billion in 2018, an increase of nearly $38 billion over the four-year period.