Automotive Aftermarket Forecast for 2019

Nathan Shipley outlines the opportunities as well as challenges for the automotive aftermarket industry this year. NPD forecasts that the industry will see little to no growth in 2019. The biggest factors driving this forecast include a combination of our outlook on miles driven (flat to slightly positive), our forecast for product pricing on the shelf (continuing to increase in the 5 percent range), and Moody’s 2019 forecast for the consumer price index for new and used cars (falling).

Ten Percent Makes a Difference

It has been almost a full year since the launch of NPD’s Retail Tracking Service – Expanded Channels (RTSx) for the U.S. automotive aftermarket.

The Impact of Severe Weather on the Nation’s Energy and Automotive Aftermarket Industries

Being a resident of Katy, Texas (a suburb about 20 miles west of downtown Houston), I found myself right in the middle of Hurricane Harvey as it made landfall on the Texas Gulf Coast at the end of August.

Shifting [Generational] Gears

The automotive aftermarket will see a complete transformation of its core consumer over the next 10 years. Millennials

The Future of the Automotive Industry

As one of the largest industries in the world, at over one billion cars strong, the automotive industry is embarking on a transformation to become an autonomous industry.

The Impact of Gas Prices and Weather Patterns on the Aftermarket Channel

The macro environment for growth in the DIY aftermarket auto parts channel has been very favorable so far in 2016 (through June).

Growth Streak Continues For The Automotive Aftermarket

Unit sales reached 17.5 million for new cars in the 12 months ending August 2015, the highest level since 2005

Millennials Are Adding Additives