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.
Last year, nearly 30% of U.S. new car sales were completed online.
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Relative to previous years, VMT for the two-week period around July 4, 2021, was higher than for the same time period in 2019 and 2020.
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The patented system uses remote automotive diagnostics to help ASE techs determine proper tooling and diagnosis.
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The contract calls for ZF to supply beam axles and axle drives for pick-up trucks until 2027, bringing with it 800 U.S. jobs.
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The guide is designed to help professional technicians and DIYers properly diagnose and repair vehicles.
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Fast-to-market solution leverages existing engine, fuel distribution and filling station infrastructure.
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