The business of automotive sales and automotive repairs is often seasonal, revolving around major holidays and sales. But what about the aftermarket auto industry? Has it been growing in the past few years, and where will it be going in the future? We’re here to answer the question.
Has the automotive aftermarket industry grown?
The short answer is yes. But there’s more to it than that. In 2014, the industry grew 2.5 percent, which was just another year of sustained growth since the economy began to recover after the recent recession. As consumers hold on to cars for longer, it has created a sweet spot for services, repairs and automotive aftermarket accessories to keep those cars running well and looking good for a long time.
Will the aftermarket industry continue to grow?
According to the 2014 Join Channel Forecast Model, the automotive aftermarket industry will continue to grow by a compound annual growth rate of 3.4 percent in the coming years. That translates into a large and ever-growing market for aftermarket repairs and accessories.
What do consumers want from the aftermarket industry?
Quality differentiation is the No. 1 factor that will draw customers to your business. At Alta Mere, we provide customers with bigger, better, automotive aftermarket options for their cars. Our safety and security options keep customers and their cars safe and running in top shape. Meanwhile, our automotive window tinting and paint protection provide top-notch options for customers to keep their cars looking and feeling brand new for a long time.
Finally, we offer customers a large variety of custom auto accessories that allow customers to personalize their vehicles for their own tastes and needs. Our quality products and services set us apart from the competition and provide more options for customers. Trust us, they notice the difference!