Automotive aftermarket suppliers are optimistic about 2013, according to responses to the Q4 2012 “Aftermarket Supplier Barometer” survey.
The survey is conducted quarterly by the Automotive Aftermarket Suppliers Association (AASA). Suppliers say that, although market weakness continues, the future may look brighter.
“AASA Barometer respondents indicated they expect aftermarket growth in 2013 to return to long-term trend levels or roughly the level of U.S. gross domestic product (GDP) growth,” said Bill Long, AASA president and COO. “Our industry’s slow but steady growth remains impressive in an uncertain economic climate,” he added.
The AASA Barometer 2012 Q4 survey participants noted that the aftermarket has seen tepid performance over the previous three quarters. After a disappointing Q3 2012, performance in the fourth quarter remained flat.
“The number of Barometer survey respondents indicating sales growth decreased to 51 percent from 60 percent in Q3,” said Paul McCarthy, AASA vice president of industry analysis, planning and member services. “Supplier sales to the independent aftermarket averaged an increase of 1.9 percent, a growth rate slightly below U.S. GDP, indicative of the recent market sluggishness,” he explained.
The “AASA Aftermarket Supplier Barometer” is a quarterly survey of AASA full service supplier members on key indicators and market trends. The full survey report is an exclusive AASA member benefit and is available only to member companies which participate in the survey.
For more information about the AASA Aftermarket Supplier Barometer and other AASA industry analysis offerings, contact Paul McCarthy of AASA: email@example.com or 919-406-8812.