BETHESDA, Md. (June 26, 2006) — U.S. motor vehicle aftermarket sales grew 5 percent in 2005 to $267.6 billion, the Automotive Aftermarket Industry Association (AAIA) said.
As aftermarket sales rose, new car dealerships' market share declined for the fifth consecutive year, AAIA said.
“And contrary to the frequent prediction that DIY (do-it-yourself) is dying, our data shows that the DIY side of the industry grew by a healthy 5.6 percent,” said Kathleen Schmatz, AAIA's president and CEO.
The medium and heavy duty segment rose 6.2 percent while the automotive light vehicle segment rose 4.6 percent to $197 billion.
The statistics are part of AAIA's annual “Aftermarket Factbook.”