Wiper blades lead aftermarket growth. (Market Focus).The size of the U.S. motor vehicle aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. grew by 3.5% in 2001 to $255.2 billion, with the automotive segment recording the largest growth, a 4.8% jump to $178.8 billion, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Automotive Aftermarket Industry Association (AAIA AAIA Automotive Aftermarket Industry Association (consolidation of the Automotive Parts & Accessories Association and the Automotive Service Industry Association) AAIA Association on American Indian Affairs ). According to the group, windshield wiper blades were the strongest sellers in the aftermarket accessories category with a 9.8% increase for the year. Other highlights of the AAIA report: * The service repair or "do it for me" (DIFM DIFM Do It for Me (as opposed to Do It Yourself) DIFM Due-In From Maintenance DIFM Digital Instantaneous Frequency Measurement DIFM Distributed Interactive Fire Mission ) segment of the auto repair aftermarket increased by more than 6%, grossing about $123 billion in 2001, while the "do it yourself" (DIY DIY abbr. do-it-yourself DIY or d.i.y. Brit, Austral & NZ do-it-yourself DIY abbr DIY do it yourself a DIY shop/job. ) market grossed about $35 billion. Tire sales accounted for $20.5 billion of sales. * Vehicle service repair, accounting for two-thirds of total automotive aftermarket sales, rose 6.3% to $123 billion. * Do-it-yourself do-it-your·self adj. Of, relating to, or designed to be done by an amateur or as a hobby: do-it-yourself home repairs; a do-it-yourself sailboat kit. (DIY) sales were up 2.2% in 2001. * The number of aftermarket industry mergers and acquisitions slowed, and the value of the deals was significantly less in 2001. * A 6.2% increase in sales for the collision repair industry reflects statistics reporting more vehicles involved in collisions in 2001. * U.S. motor vehicle parts and accessories exports declined by 7.2% to $50.2 billion. * Medium and heavy duty aftermarket product sales declined by 1% to $60.9 billion. * Automotive chemicals and motor oil increased 6.8% to $9.9 billion, with appearance chemical sales growing 13.4%. |
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