AASA Automotive Aftermarket Status Report Shows Unperformed Maintenance Grew by $8 Billion in 2010 – UnderhoodService

AASA Automotive Aftermarket Status Report Shows Unperformed Maintenance Grew by $8 Billion in 2010

The rate of unperformed and underperformed maintenance in the United States grew to $62 billion in 2010 compared to $54 billion the previous year, according to the recently released "AASA Automotive Aftermarket Status Report 2012," published annually by the Automotive Aftermarket Suppliers Association (AASA).

The rate of unperformed and underperformed maintenance in the United States grew to $62 billion in 2010 compared to $54 billion the previous year, according to the recently released “AASA Automotive Aftermarket Status Report 2012,” published annually by the Automotive Aftermarket Suppliers Association (AASA).
 
“The $8 billion increase came despite a strong general performance of the aftermarket and tied with the second-highest level ever recorded by AASA, which was reached during the recovery from the last economic downturn,” said Steve Handschuh, president and COO of AASA.
 
“This $62 billion ‘Untapped Market’ represents a significant 26 percent of total aftermarket potential," added Paul McCarthy, AASA vice president, industry analysis, planning and member services. "If consumers performed all of the maintenance recommended to keep their vehicles safe, reliable and running efficiently, the aftermarket could have totaled $245 billion.”
 
Tight household budgets and high unemployment caused many vehicle owners to put off maintenance and repairs unless it was unavoidable, McCarthy noted.
 
“Going forward, the weak economic recovery and continued high unemployment levels may continue to keep the amount of maintenance motorists postpone at a high level,” he said.
 
The AASA “Automotive Aftermarket Status Report” provides 15 chapters of key aftermarket industry data, including:
 
• Latest figures on unperformed maintenance
• Aftermarket size and growth
• Size and growth of key subsectors:
• Maintenance
• Engine
• Undercar
• Cooling / A/C
• Vehicle population and usage
• Outlet Channel market share
• DIY market share trends
 
AASA members can download the report at no charge at the Automotive Aftermarket Status Report web page.

Also available at the site are AASA’s two other recent research publications:
 
• 2012 World Motor Vehicle Market Report – produced annually by the AASA Overseas Automotive Council, the World Motor Vehicle Market Report is one of the industry’s oldest and most respected global statistical analyses and features:
 
• Vehicle production and assembly
• Vehicle census summary
• U.S. Motor Vehicle parts trade worldwide
• World Motor Vehicle Markets
 
• 2012 Replacement Rates of U.S. Automotive Parts – the handy table showing the percentage of private vehicles receiving specified maintenance, which can be used to calculate product durability, market size estimates and service job variables.
 
Non-members can purchase electronic versions of all three publications for $500. An order form can be downloaded at the AASA Automotive Aftermarket Status Report web page here.

You May Also Like

Bosch Releases 212 Aftermarket Parts in 2022

The parts cover nearly 64 million vehicles in operation across North America.

Robert Bosch, LLC announced it has added 212 automotive aftermarket parts to its portfolio in 2022, covering nearly 64 million vehicles in operation across North America.

The new Bosch products, which cover domestic, European and Asian passenger and commercial vehicles, include 74 braking parts, 52 fuel and water pumps, 14 ignition coils, 27 cooling fans, rotating machines, spark plugs and ESP units, 38 sensors and seven fuel injectors. 

Winter ASE Registration Open

Three options offered for testing and recertification.

Federated 50/50 Challenge Awards Over a Hundred Prizes

Federated conducted the 50/50 Challenge to recognize and thank ASE-certified automotive service professionals.

Mitchell 1, ASE Present 2022 Technician of the Future Award

Nathanial “Nate” Nie of Mission Viejo, California, was named the 2022 Mitchell 1 / National Institute for ASE Technician of the Future.

Schaeffler Group Releases Series of LuK TSBs

In conjunction with its REPXPERT service brand, Schaeffler provides technical tips and service information for LuK products.

Other Posts

SMP Closes the Year with 214 New Part Numbers

SMP says it is committed to providing replacement parts for hybrids and EVs through its Standard and Four Seasons brands.

GB Remanufacturing Releases 2022 Year in Review

The GB Reman 2022 Year in Review is available for download.

SMP Closes the Year with 214 New Part Numbers

SMP says it is committed to providing replacement parts for hybrids and EVs.

Survey Shows Greater Trust in Service Professionals

More than 70% reported increased levels of trust in repair shops and/or service technicians.