Prepared for Lei T. | Delivered March 4, 2020
Key Drivers of the Automotive Aftersales Market
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The goal is to understand the aftersales that contribute to the auto business and what auto aftercare service is the biggest contributor to the automotive industry.
Automotive Aftersales Contribution
In 2019, the automotive aftermarket size was valued at
A typical car on the road in the United States is currently at
. This does not mean that consumers are not purchasing vehicles. In 2015, U.S car sales hit a record high selling
cars than in the previous years.
The two biggest aftermarket revenue makers are "a
utomotive replacement part suppliers and service enablers
75% of aftermarket
auto repairs are performed by independent auto shops, while only
of the vechiles are taken to delearships.
In 2019 Toyota led the auto industry by
, Volkswagen by
, Ford by
, Honda by
and Nissan by