APRIL 2025AUTO BUSINESS OUTLOOK 6The U.S. aftermarket automotive industry is a multi-billion-dollar sector shaped by vehicle longevity, technological advancements and shifting consumer behavior. With the average vehicle age now exceeding 12 years, demand for replacement parts, repairs and maintenance continues to rise. At the same time, rising new car prices are prompting more consumers to extend the lifespan of their current vehicles through upgrades and upkeep rather than investing in a new purchase.As consumers keep their vehicles longer, technological innovation is reshaping the aftermarket landscape. The growing adoption of electric vehicles (EVs) is gradually reducing demand for traditional internal combustion engine components like spark plugs and oil filters. However, EVs bring new aftermarket opportunities, requiring specialized maintenance such as battery replacements, tire services and software updates. At the same time, advanced driver-assistance systems are increasing repair complexity, driving demand for skilled technicians and sophisticated diagnostic tools. Meanwhile, e-commerce is reshaping how consumers purchase auto parts, with major online retailers like Amazon and AutoZone disrupting the market and challenging traditional brick-and-mortar stores.Regulations also play a crucial role in the industry's evolution. Right to Repair laws are empowering independent mechanics and DIY enthusiasts by granting them access to vehicle diagnostic data, fostering greater competition. However, supply chain disruptions and inflation have driven up the cost of raw materials and labor, creating challenges for both businesses and consumers. Stricter emissions regulations are increasing demand for eco-friendly auto parts, while tariffs on imported materials continue to impact pricing and supply chain stability.Economic factors further influence the industry. Inflation and fluctuating disposable incomes affect consumer spending on repairs and upgrades, while ride-sharing services and fleet operators accelerate vehicle wear and tear, fueling demand for aftermarket products and services. To stay competitive, businesses must embrace digital sales, invest in skilled labor and prepare for the continued shift toward electric and high-tech vehicles.In this edition, we highlight the most influential companies driving growth in the industry. Among them is Fusion Motorsports USA, a brand offering high-quality, stylish accessories designed to elevate the Tesla driving experience. We also feature exclusive insights from industry leaders, including Kristofer Kumfert, Sr. Director, Human Resources at Lucid Motors and Jian Zhou, Ph.D., Corporate R&T Metallurgy Manager at Cummins Inc. Their expertise provides valuable perspectives on current industry challenges and future opportunities. We believe their insights will help you make informed business decisions in this rapidly evolving market.Let us know your thoughts. The Future of the U.S. Aftermarket Automotive Industry: Trends, Innovations and Key PlayersCopyright © 2025 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffClaire Jonathan David CarterOlivia HarperAaron Pierce Ava GarciaMia WilliamsVisualizerManaging EditorMaryann Collins*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffAPRIL - 2025, Volume 10 Issue - 01 (ISSN 2837-3545)Published by ValleyMedia, Inc.To subscribe to Auto Business OutlookVisit www.autobusinessoutlook.com Email:sales@autobusinessoutlook.comeditor@autobusinessoutlook.commarketing@autobusinessoutlook.comEDITORIALMaryann CollinsManaging Editoreditor@autobusinessoutlook.comAsher Blake
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