The U.S. automotive aftermarket reached total sales of $297 billion in 2018, exceeding the projected growth rate by nearly $1 billion, according to the 2019 Joint Channel Forecast Model produced by the Automotive Aftermarket Suppliers Association (AASA) and the Auto Care Association.
The 2019 Joint Channel Forecast Model predicts that the total aftermarket sales will grow from $297 billion in 2018 to $338 billion through 2022, a 3.3 percent compound annual growth rate (CAGR) from 2018.
“In our report last year, we anticipated that the market would increase during 2018. But as this report shows, strong economic growth in our
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