Increase in Number of Vehicles Drives Aftermarket Service Sales to $123 Billion

NEW YORK, July 15 -- With well over 200 million passenger cars, vans, pick-up trucks and sport utility vehicles out on the roads in the United States, demand for automotive aftermarket services such as oil and transmission maintenance has grown steadily in recent years. According to The U.S. Market for Automotive Aftermarket Service Specialists, a newly published Packaged Facts report available at MarketResearch.com , the number of cars in the U.S. has grown by about one million vehicles per year and the service sectors have seen a corollary expansion.

"The fact that we now have a larger vehicle fleet than ever before has combined with the growing number of older vehicles and increasing federal and state regulations to create a very healthy market for service specialists," said Don Montuori, Acquisition Editor for Packaged Facts. "We predict that the annual growth rate for the market will be at about 4% for the next five years."

The total aftermarket industry had estimated sales of $179 billion in 2001. Of these sales, service repair constituted 69% of all aftermarket expenditures, making it the largest category within the industry. As technology renders automotive products more complicated the percentage of Americans who turn their car over to a professional for repairs and maintenance has grown significantly, resulting in over $123 billion in service sales in 2001.

The U.S. Market for Automotive Aftermarket Service Specialists provides detailed information about consumer demographics, as well as distribution and marketing trends, product development, and emerging promotional campaigns. The report also includes historical sales data, as well as market projections through the year 2006.

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