Survey Shows 8.6 Percent Net Sales Increase by Aftermarket Wholesalers In 2001

RESEARCH TRIANGLE PARK, N.C., Jan. 22 -- Despite tough economic conditions in 2001, sales of aftermarket parts wholesalers and retailers increased, according to a new survey.

Net sales for the surveyed aftermarket wholesalers and retailers increased an average of 8.6 percent in 2001, according to MEMA Financial Services Group (MFSG).

Of the companies participating in the survey, net sales increases ranged from 18 percent to 1 percent 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). Details on MFSG's services can be obtained by visiting its Web site, memafsg.com , or by calling 919-549-8400. Make MFSG your first call when critical credit decisions must be made.

Founded in 1904, MEMA exclusively represents and serves manufacturers of motor vehicle components, tools and equipment, automotive chemicals and related products used in the production, repair and maintenance of all classes of motor vehicles. Make MEMA your first call for global intelligence on the motor vehicle supplier industry, leading-edge market research, international business support, government representation, industry networking and commercial services. Experience MEMA, www.mema.org .