Aftermarket Continues Growing

According to the Automotive Aftermarket Suppliers Association (AASA), the value of the light vehicle aftermarket is expected to surpass $200 billion within the next few years. After reaching $185.2 billion in 2006, the market is expected to approach $193 billion by the end of 2007. As in years past, vehicles over 10 years old made up the largest percentage of dollars spent, equating to $80.8 billion in 2006. The segment of vehicles six years old and older is expected to continue growing at a steady pace, while vehicles five years old and newer are projected to peak this year before declining to below $45 billion in 2010.