U.S. Aftermarket To Grow At Annual Rate Of 3.4 Percent Through 2021
The U.S. automotive aftermarket is expected to grow at a compound annual growth rate (CAGR) of 3.4 percent through 2021.
IHS Markit: U.S. Vehicles Getting Older
The average age of cars and light trucks in operation in the U.S. is rising, presenting new service and sales opportunities to the automotive aftermarket, IHS Markit reports. According to industry experts, the average age of these vehicles in operation (VIO) have risen 11.6 years. “Quality of new vehicles continues to be a key driver
