Auto aftermarket news sources
There are many good sources for news on the automotive aftermarket. Here are a few we recommend:
Aftermarket News, from Babcox Media. Aftermarket News mostly covers the OEM replacement part of the industry. It has good coverage of industry events and news. You can subscribe to a weekly email newsletter for free.
The Greensheet/Autocare Week. Published independently for decades, the GreenSheet covers performance and OEM replacement news. An annual subscription is $225.
How big is the auto industry?
In 2017 the automotive aftermarket employed 4.6 million people in the United States according to the US Bureau of Labor Statistics. The Auto Care Association puts the US motor vehicle auto care industry, automotive segment, at $296 billion in 2018 (in consumer dollars), with the medium and heavy duty vehicle segment at $96.4 billion (in consumer dollars) for a total of $392.4 billion. Vehicle parts manufacturers make up 2.4% of the US gross domestic product (GDP).
Car enthusiast market size
SEMA market research claims the specialty equipment market is a $43 billion market in 2017, up 4% from the previous year.
- 2018 forecast: $44.71 billion
- 2017: $42.92 billion
- 2016: $41.16 billion
- 2015: $39.09 billion
- 2014: $37.18 billion
The automotive aftermarket is approximately 70% do it for me (DIFM) and 30% do it yourself (DIY).
Hedges & Company forecasts the size of online parts sales on our blog.
Automotive aftermarket analysis and trends, automotive eCommerce blogs
One source we like to recommend for analysis is our own blog! Visit our automotive aftermarket and trends analysis blog section to learn more.
SEMA research market size
To learn more about SEMA market research visit SEMA.org and look for their annual market reports.
Auto parts news
Looking for more auto industry data and statistics? Try the Automotive Market Research Council (AMRC). They’re a non-profit organization founded in 1966, dedicated to market research within the automotive, commercial vehicle, and off-highway industries. Also try the Automotive News Magazine data center for auto industry news and statistics.
Automotive enthusiast buying cycle
Many enthusiasts will take time before buying. Here is the average length of time between when an enthusiast decides to buy a part, and when it is actually purchased. This will vary depending on market segment:
- 1 day: 5%
- Less than one week: 30%-35%
- 1 week: 18%-25%
- 2 weeks: 20%-25%
- 3-4 weeks: 10%-17%
- 1 month or longer: 5%-10%
Automotive aftermarket report margin of error examples
Automotive parts retailers: 381 responses are required for a margin of error +/-5%. 469 responses are required for a margin of error of +/-4.5%. 769 responses are required for a margin of error of +/-3.5%.
Automotive enthusiast consumers: 385 responses are required for a margin of error +/-5%. 475 required for +/-4.5%. 1,067 required for +/-3%.