Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

US automotive aftermarket transactions could fall 8.8pc this year before rebounding in 2021, according to the Automotive Aftermarket Suppliers Association (AASA) and the Auto Care Association.


The pandemic upended the auto sector in Q1 2020, however, it has shown early signs of strength. Particularly noteworthy is the finding that because of economic uncertainty induced by COVID-19, people are likely to retain their cars longer, necessitating the need for aftermarket parts. The two associations forecast total light duty aftermarket sales will rise to $314bn in 2021 from $281bn this year.


Paul McCarthy, president and chief operating officer of the AASA, said the sector’s key drivers, namely miles driven and new technologies, remain robust. Despite hiccups during H1 2020, McCarthy said aftermarket suppliers can expect a buoyant 2021.

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