Unperformed Maintenance Grows in 2006, According to New AASA Research

October 15, 2007, RESEARCH TRIANGLE PARK, N.C. – Unperformed maintenance grew to be $53 billion in 2006, up from $52 billion in 2005, according to new research from the Automotive Aftermarket Suppliers Association (AASA). A detailed analysis of the market is included in the 2007-2008 AASA Automotive Aftermarket Status Report.

“While this represents a sizeable untapped market,” said Steve Handschuh, AASA president and COO. “The safety implications are the primary concern, as some neglected maintenance has a direct relationship with vehicle safety and drivability,” he continued.

Unperformed maintenance reached its peak in 2002 at $62 billion and has hovered in the $52 to $55 billion range in the four years that followed.

“Although consumers may postpone maintenance for economic reasons, motorists are often unaware of what vehicle maintenance is necessary beyond the occasional oil change,” said Frank Hampshire, AASA director of market research. “Even in times of high gasoline prices and tight household budgets, increasing awareness of those maintenance items that impact vehicle safety and fuel economy could provide healthy returns on the investment.”

About the Status Report

The 2007-2008 AASA Automotive Aftermarket Status Report is now available. This year’s edition features sections on emerging markets in China and India, the latest figures on unperformed maintenance, global vehicle summary, North American aftermarket and an analysis of the do-it-yourself market. Copies are $125 for AASA members, with volume discounts available. The AASA Status Report is $500 for non-members. The Status Report also is available on CD-ROM. To purchase the report, e-mail publications@mema.org.

About AASA

AASA (www.aftermarketsuppliers.org) exclusively serves suppliers of aftermarket components, tools and equipment, and related products. It is a recognized industry change agent – promoting a collaborative industry environment, providing a forum to address issues and serving as a valued resource for members. AASA is a market segment association of the Motor & Equipment Manufacturers Association (MEMA). “AASA, Leadership in the Global Automotive Aftermarket”

About MEMA

MEMA (www.mema.org) represents more than 700 motor vehicle product manufacturers with nearly 12,000 U.S. plant locations and 783,000 workers. Together, these companies keep the U.S. automotive and truck industry supplied with the components that enable it to produce some 17 million vehicles annually and keep the 232 million vehicles on the road with replacement products and services. MEMA supports its members through its three market segment associations: Automotive Aftermarket Suppliers Association (AASA), Heavy Duty Manufacturers Association (HDMA) and Original Equipment Suppliers Association (OESA).

Source: MEMA

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