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The automotive aftermarket is the secondary parts market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer.
Exterior of an O'Reilly Auto Parts store in Houston in Texas, United States. Interior of an Advance Auto Parts store in Virginia, United States.. An automotive part retailer is a retail business that sells automotive parts and related accessories to both consumers and professional repair shops, through physical stores and websites. [1]
Aftermarket in economic literature refers to a secondary market for the goods and services that are complementary or related to the primary market goods, also known as original equipment). [ 1 ] [ 2 ] [ 3 ] In many industries, the primary market consists of durable goods , whereas the aftermarket consists of consumable or non-durable products ...
Aftermarket may refer to: . Aftermarket (merchandise), any market where customers who buy one product or service are likely to buy a related, follow-on product Automotive aftermarket, the addition of non-factory parts, accessories and upgrades to a motor vehicle also to include removal of parts after vehicle is placed on market
The average age of vehicles in the U.S. is rising. Currently, it is at an all time high of 11.4 years, compared to 11.2 years and 10.9 years in 2012 and 2011, respectively. Also, the number of ...
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The U.S. aftermarket includes the manufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, tools, equipment, technologies, and accessories. Most aftermarket repair work takes place in a vehicle manufacturer’s dealership service facility or an independent repair shop, which includes national service chains.