DUBLIN, Ireland — Research and Markets has released a new study titled, "Automobile Aftermarket: The Market – US" which shows that the aftermarket was responsible for approximately $35 billion in sales this year.

According to the report, between 2001 and 2006, the aftermarket exhibited solid growth of 18 percent in inflation-adjusted dollars, driven by largely positive factors, such as an increase in the number of registered motor vehicles, an increase in the median age of cars in operation and a corresponding decrease in the scrappage rate as well as an increase in total miles driven.

However, realities such as increased vehicle leasing and increased competition from original equipment manufacturers have had an impact on the market.

The study looked at key demographic groups, including Baby Boomers, who have more time to devote to travel and leisure as they approach retirement age; and the “Tuner” culture, which is achieving a more mainstream status, as evidenced by a plethora of television programming. The increasingly diverse U.S. population demonstrates increased minority participation in car culture. These factors will also help drive the market forward, says Research and Markets.

For the study, Research and Market compiled six years of specific sales data to evaluate the performance of individual sectors in the market, and also provides information about the major companies and brands. Using the SPSS forecasting package, the firm has created a five-year forecast of U.S. retail sales, revealing potential opportunities for growth and product development.

For more information visit about "Automobile Aftermarket: The Market – US", go to: http://www.researchandmarkets.com/reports/c42745.