U.S. News: Aftermarket Parts Wholesalers Log Increase, Says Survey

Despite tough economic conditions in 2001, sales of aftermarket parts wholesalers and retailers increased, according to a survey by the Motor and Equipment Manufacturers Association Financial Services Group (MFSG).
Net sales for the surveyed aftermarket wholesalers and retailers increased an average of 8.6% in 2001, according to the survey. Of the companies participating in the survey, net sales increases ranged from 18% to 1% in 2001. According to MFSG, the growth in sales of these major wholesalers/retailers is obtained at the expense of the smaller players since the aftermarket is experiencing minimal growth. MFSG’s quarterly survey, Automotive Aftermarket Wholesale/Retail Report, compares quarterly and fiscal data on net sales, comparative store sales, net income, gross margin, operating expense, inventory turnover and store counts.
The Automotive Aftermarket Wholesale/Retail Report is composed of financial information from major aftermarket participants whose numbers are publicly available.
MEMA Financial Services Group (MFSG) was established in 1916 and is recognized as the credit authority for the automotive products industry. MFSG is a wholly owned subsidiary of the Motor and Equipment Manufacturers Association (MEMA).