About the Aftermarket
Motor Vehicle Aftermarket Overview
The motor vehicle aftermarket is a significant sector of the U.S. economy employing nearly 4.2 million people in 2012. This industry encompasses all products and services purchased for light, medium and heavy duty vehicles after the original sale including replacement parts, accessories, lubricants, appearance products, tires, collision repairs as well as the tools and equipment necessary to make the repair.
Overall aftermarket sales totaled $307.7 billion in 2012, representing a 3.5% increase over the previous year. Sales in the automotive aftermarket (cars and light trucks) totaled $231.2 billion while sales in the medium and heavy duty vehicle aftermarket totaled $76.5 billion.
AAIA MEMBERS: Click here for AAIA’s “Welcome to the Aftermarket” PowerPoint presentation, a comprehensive overview of the industry. This resource, created by AAIA committees (Marketing Communications, Education and Leadership Development Network), is a great tool for new hires to learn about the aftermarket, including its brief history, distribution channels and basic terms. Log-in and password is required for access