Aftermarket Poised for Rebound

By Staff Writer June 08, 2020

Total light duty aftermarket sales will grow from $281 billion in 2020 to $314 billion in 2021, according to “The 2020 Joint Channel Forecast Model” produced jointly by the Auto Care Association and the Automotive Aftermarket Suppliers Association (AASA).

In 2020, total U.S. automotive aftermarket sales are forecast to decrease 8.8 percent as a result of the impact of the COVID-19 pandemic and related factors, according to the model.

“Despite the ongoing COVID-19 pandemic, the Joint Channel Forecast shows that the continued strength and resilience of the automotive aftermarket will lead to a brighter 2021,” said Paul McCarthy, AASA president & COO. “Despite a year of immense challenges and uncertainty, the foundation of our industry's key drivers remains strong.”

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Last modified on Monday, 08 June 2020 14:33