US Automotive Aftermarket will Reach USD 433 Billion by 2021

Posted By: Hamid Moarefon: Tuesday, November 6, 2018In: Parts

The organizers of the Automotive Aftermarket Products Expo 2018 in Las Vegas said that the US automotive aftermarket continues to grow and is likely to reach USD 433 billion in sales by 2021. The consumer confidence has continued to grow in the industry and the automotive aftermarket has reached USD 392 billion in 2018, based on remarks made by Bill Hanvey, Auto Care Association president and CEO, and Bill Long, Automotive Aftermarket Suppliers Association president and chief operating officer, during the keynote event of the AAPEX 2018 event that was held at the Sands Expo in Las Vegas.

The officials said that this growth is clearly seen in the 50,000 new jobs that are expected to be added to the 4.6 million jobs currently in the automotive aftermarket. It is expected that the vehicles in operation will increase to 85 million in 2020.

Those who made speeches at the keynote event included CNN correspondent John King and former Republican presidential adviser, consultant and author Karl Rove.

Hamid Moaref

Hamid Moaref has always been fascinated by cars and the automotive industry. His family has a longstanding association with the industry and has been in the tire business for the past 35 years. Raised in Dubai, Hamid attended Capilano University in Vancouver where he graduated with a BBA in marketing before attending an intensive course in magazine publishing in 2005. He has been the publisher and chief editor of Tires & Parts magazine for the past ten years.