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Why Automotive Aftermarket Growth Signals New Opportunities for Repair Businesses

Update The Automotive Aftermarket Shows Resilience Amid Challenges The automotive aftermarket is brimming with optimism as industry leaders forecast significant growth in the coming years. According to influential reports from the Auto Care Association and MEMA Aftermarket Suppliers, the sector is poised to thrive even amid broader economic uncertainties. Positive Growth Trends Confirmed Recent analyses from the 2026 Auto Care Factbook reveal that the U.S. light-duty aftermarket sales grew by 5.7%, reaching $413.7 billion in 2024. This growth aligns closely with previous projections, signaling a resilient market that continues to attract consumer spending. Furthermore, the 2025 forecast estimates an increase to $435 billion, indicating that businesses and consumers alike are finding value in aftermarket services, particularly as they endeavor to maintain and repair vehicles. Future Predictions: A $664 Billion Opportunity As the industry adapts to challenges posed by inflation and shifting trade policies, insights reveal that the overall automotive aftermarket could surge to an impressive $664.3 billion by 2028. This forecast highlights not only the growing demand for vehicle maintenance but also the potential for service channels to secure a greater market share in a sector traditionally dominated by dealerships. Key Stakeholder Insights: A Unified Perspective Industry leaders like Paul McCarthy, president of MEMA Aftermarket Suppliers, emphasize the necessity of aftermarket services for consumers. “The automotive aftermarket continues to demonstrate remarkable resilience and growth,” he commented, underscoring the ongoing relevance of repair services in the current economy. Similarly, Bill Hanvey, president and CEO of Auto Care Association, remarked on the industry's strength despite the evolving economic landscape. These perspectives underline the importance of adapting business strategies to harness emerging trends and capitalize on future growth opportunities. Examining the Market Share Battle One notable aspect from the reports is the competitive dynamics between the service and dealer channels. The service channel gained ground in 2024, marking a shift that reflects changing consumer preferences towards specialized maintenance solutions. The dealer channel, having witnessed a consistent drop in market share, faces increasing pressure and must innovate to keep up with consumer demands. Actionable Insights for Dealership Owners Dealership owners and GMs have a prime opportunity to leverage these growth trends. By focusing on quality service provision and enhancing customer engagement, they can tap into the burgeoning aftermarket potential. Reports like the Joint Channel Market Size and Forecast provide actionable insights that can guide strategic decisions in navigating this competitive landscape. Access to these resources is available to Auto Care Association and MEMA Aftermarket Suppliers members, serving as a powerful tool for informed business strategies. Conclusion: Embracing the Future of Automotive Repair The automotive aftermarket is at a pivotal juncture, and leaders must seize this opportunity to innovate and adapt. By understanding market trends and integrating consumer needs into their strategies, dealerships can foster growth and resilience for years to come.