The U.S. automotive aftermarket is growing fast. Experts predict it will be worth nearly $535 billion in 2024. What Are The Numbers For the Future

Why is this happening?

1. Cars are getting older. The average car on the road is now 12.5 years old. Older cars need more repairs and new parts.
   
2. More people are buying car parts online. Online sales of automotive parts and accessories are expected to grow by 50% between 2020 and 2025, reaching $47 billion.
   
3. New and advanced car accessories are popular. In 2023, the specialty equipment market, which includes performance parts and accessories, was valued at $52.3 billion.

What can you do?

1. Learn basic car maintenance. With older cars on the road, knowing how to do simple repairs can save money. There are many online tutorials to help you get started.
   
2. Shop for car parts online. Many websites offer a wide range of parts and accessories. This can be a convenient way to find what you need.
   
3. Explore new car accessories. Upgrading your car with the latest accessories can improve its performance and look. Check out the latest trends to see what interests you.

The automotive aftermarket is changing quickly. By staying informed and taking action, you can benefit from these trends.

Works Cited

“Automotive Aftermarket Industry Analysis 2023.” AAPEX, 16 Aug. 2023, https://www.aapexshow.com/blog/automotive-aftermarket-industry-analysis-2023/
Knapp, Gavin. “Key Takeaways from the SEMA Market Report.” MOTOR, 20 Nov. 2024, https://www.motor.com/2024/11/key-takeaways-from-the-sema-market-report/