DAILY NEWS Jan 17, 2013 11:44 AM - 0 comments

Optimism for U.S. Market Growth in 2013

TEXT SIZE bigger text smaller text

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: pmccarthy@aasa.mema.org or 919-406-8812.

Horizontal ruler
Horizontal Ruler

Post A Comment

Note: By submitting your comments you acknowledge that Automotive Service World has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *

* mandatory fields