The automotive aftermarket or motor vehicle aftermarket is a critical segment of the U.S. economy. Distribution channels include original equipment, original equipment service, traditional automotive, programmed distribution, large retailers, and the non-traditional markets. This industry includes all products and services purchased for light and heavy duty vehicles after the original sale. This includes replacement parts for under hood and undercar, engine management, temperature controls, accessories, lubricants and appearance products. This also covers service repairs and the tools and equipment necessary to make the repair.
The Automotive Aftermarket total revenue exceeds 307.7 billion dollars in sales. Additionally, this industry employs over 4.1 million people, more than 800,000 of which are technicians.
Market segments addressed during the conference included service, tires, car wash, oil change and fleet services.
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The nearly 70 aftermarket executives in attendance heard presentations from a variety of industry and economic experts.
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Peker served as CEO of CarParts.com, an e-commerce provider of automotive parts and accessories from 2019 to 2022.
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The award has been presented only two other times in the history of the ATC.
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The new coverage is available for more than a dozen domestic and import brands.
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The new award will be presented to one of the top-five finalists at the 2022 SEMA Show Industry Awards Banquet.
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