RESEARCH TRIANGLE PARK, NC – Unperformed maintenance grew to be $53 billion in 2006, up from $52 billion in 2005, according to new research from the Automotive Aftermarket Suppliers Association (AASA). A detailed analysis of the market is included in the 2007-2008 AASA Automotive Aftermarket Status Report.
"While this represents a sizeable untapped market, the safety implications are the primary concern, as some neglected maintenance has a direct relationship with vehicle safety and drivability," said Steve Handschuh, AASA president and COO.
Unperformed maintenance reached its peak in 2002 at $62 billion and has hovered in the $52 to $55 billion range in the four years that followed.
"Although consumers may postpone maintenance for economic reasons, motorists are often unaware of what vehicle maintenance is necessary beyond the occasional oil change," said Frank Hampshire, AASA director of market research. "Even in times of high gasoline prices and tight household budgets, increasing awareness of those maintenance items that impact vehicle safety and fuel economy could provide healthy returns on the investment."
This year’s edition of the AASA Automotive Aftermarket Status Report features sections on emerging markets in China and India, the latest figures on unperformed maintenance, global vehicle summary, North American aftermarket and an analysis of the do-it-yourself market. Copies are $125 for AASA members, with volume discounts available. The AASA Status Report is $500 for non-members. The Status Report also is available on CD-ROM. To purchase the report, e-mail [email protected].
For more information about AASA, go to: www.aftermarketsuppliers.org.
