AAIA Factbook: U.S. Motor Vehicle Aftermarket Increased 3 Percent in 2003

The size of the U.S. motor vehicle aftermarket grew by 3 percent in 2003 to $244.6 billion, according to AAIA's recently published 2004/2005 Aftermarket Factbook. The recovering U.S. economy increased the pace of consolidation in the aftermarket after three years of declines in acquisitions, according to the Factbook. A total of 48 reported mergers and acquisitions occurred among aftermarket businesses in 2003, an increase of 9 percent from 2002.

BETHESDA, MD — The size of the U.S. motor vehicle aftermarket grew by 3 percent in 2003 to $244.6 billion, according to AAIA’s recently published 2004/2005 Aftermarket Factbook.

According to Kathleen Schmatz, AAIA president and CEO, more registered vehicles, more licensed drivers, more miles traveled and an aging of the vehicle fleet all helped expand the domestic aftermarket. “This steady growth should be good news to investors, especially with forecasts calling for 3.5 percent increases in 2004 and 2005,” Schmatz said.

The recovering U.S. economy increased the pace of consolidation in the aftermarket after three years of declines in acquisitions, according to the Factbook. A total of 48 reported mergers and acquisitions occurred among aftermarket businesses in 2003, an increase of 9 percent from 2002.

The 2004/2005 Aftermarket Factbook also includes statistical tables, charts, analysis and trends in the U.S. and key international markets.

The four-color Factbook is available for $99 for AAIA members and $199 for non-members. To order by phone, call 301-654-6664, or order online at www.aftermarket.org. Discounts are available for multiple copies.

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