The automotive aftermarket industry has experienced steady growth in recent years, driven by the increasing age and number of vehicles on the road. Long-term auto loans and durable cars have led to a record-high average road age for American motorists.
In 2024, passenger cars and light trucks in the U.S. had an average age of 12.6 years, slightly up from 12.5 years in 2023. This upward trend in vehicle age has created a growing demand for aftermarket parts.
