Trends in the North American Automotive Aftermarket

This report examines the current trends in the North American automotive aftermarket, focusing on the non-discretionary segment, which includes warranty repairs, recall campaigns, and essential maintenance. The document outlines how the increasing complexity of vehicles, driven by advanced technology and electronics, is reshaping the aftermarket landscape. It details the rising demand for specialized services and the impact of an aging vehicle population, with nearly 40% of vehicles falling into the 'sweet spot' for aftermarket services. The report also highlights the growing importance of mobile repair services and the challenges posed by a shortage of skilled technicians. Additionally, it discusses the consolidation trends within the industry, emphasizing the strategic moves by investors to acquire businesses that can adapt to these changes. The document concludes by noting that those who leverage mobile service and connected data will be well-positioned for future success in the aftermarket.