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RAB Research Archive

US automotive aftermarket industry swayed by lower retail pricing, growth in miles driven, and weather patterns in 2016



The U.S. automotive aftermarket industry reached $15 billion in retail sales in 2016, growing 2.9 percent over the previous year*, according to global information company The NPD Group. While dollar growth slowed, unit/quart growth accelerated, which correlates closely to the decline in overall average selling price. Macro trends including an increase in miles driven and new car sales, lower-priced gasoline, and unpredictable weather patterns impacted the industry’s annual performance.

Source: The NPD Group



View or Download: https://www.npd.com/wps/portal/npd/us/news/press-releases/2017/us-automotive-aftermarket-industry-swayed-by-lower-retail-pricing-growth-in-miles-driven--and-weather-patterns-in-2016/

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