Two automotive aftermarket trade associations have partnered to provide forecasts and analysis of the trends driving change in electrification and e-commerce.
BETHESDA, Md. When Research Triangle Park, North Carolina, November 1, 2022 /PRNewswire/ — Automotive Aftermarket Suppliers Association (AASA) and Auto Care Association jointly 2022 joint e-commerce trends and forecasts and the Joint EV trends and outlook forecast for 2022 To provide the automotive care industry with the insight it needs to navigate a rapidly evolving industry. The report, launched at AAPEX, is part of an industry collaboration aimed at informing and supporting the automotive care industry as it navigates change.
The combined e-commerce trends and outlook forecast for 2022 includes analysis detailing the consumer trends driving e-commerce growth. How to reach consumers in the online aftermarket. Lens to medium and large spaces. more.
The joint 2022 EV Trends and Outlook forecast shows that the share of battery electric vehicles (BEVs) in vehicles in service (VIOs) is growing faster than expected, with BEV purchase prices falling below internal combustion engine (ICE) vehicles. is expected to reach parity with 2024 at the earliest.
In 2022, $37.6 billion Automotive aftermarket sales done online. Ecommerce adoption will continue to grow by more than 8% annually through 2025, he said, totaling $47.4 billion at online sales.of 2022 joint e-commerce trends and forecasts It also includes an in-depth analysis of consumer trends driving e-commerce growth. How to reach consumers in the online aftermarket. Lens to medium and large spaces. more.
“The e-commerce sales growth we have seen in 2022 is phenomenal. Bill Humbey, President and CEO, Auto Care Association. “If you are an investor, it is a compelling performance even in a period of high inflation. The report focuses on the industry’s continued growth and transformation and will assist members as they plan for the future. We thank our industry partners at AASA for collaborating on this valuable resource.”
of Joint EV trends and outlook forecast for 2022 The share of battery electric vehicles (BEVs) in the fleet of vehicles in operation (VIOs) is growing faster than expected and expects BEV purchase prices to be on par with internal combustion engine (ICE) vehicles by 2024. indicates that the By 2030, as battery prices continue to fall, the total cost of ownership (TCO) for BEVs is expected to be more consumer-friendly compared to ICE vehicles and aftermarket parts sales. increase. Evidence continues to support his prediction that electrification and ADAS components will be the biggest drivers of parts sales growth through 2030.
“Our new forecast shows that EVs will make up about 30% of new car sales in the US by 2030, and is expected to grow rapidly thereafter,” he said. Paul McCarthy, President and CEO of AASA. “Electrified components will be a new source of growth and the biggest driver of increased parts sales from 2030. It is essential that suppliers understand the opportunities that come with an electrified future and that entrepreneurs We believe the spirited aftermarket is responding, and we are grateful for the opportunity to partner with the Auto Care Association to bring this information to the industry once again.”
The 2022 joint e-commerce trend and forecast research and analysis was provided by Jefferies, SPS Commerce, Hedges & Company, Channel Advisor, Bolt, MacKay & Company, and IMR INC. AUTOMOTIVERESEARCH.COM, and S&P Global Mobility.
The joint EV Trends and Outlook forecast research and analysis for 2022 was provided by PwC Strategy&, IMR INC. AUTOMOTIVERESEARCH.COM, YCP Solidiance, S&P Global Mobility.
AASA and Auto Care Association members have free access to these reports as a member benefit. These reports are available for purchase by non-members. $1,500 Get instant access on the AASA website (aftermarketsuppliers.org/resource) or the Auto Care Digital Hub (digital.autocare.org).
About AASA
AASA (www.aftermarketsuppliers.org) serves only manufacturers of aftermarket components, tools, equipment, and related products, a vital part of the automotive parts manufacturing industry that supports 871,000 U.S. jobs. I’m here. AASA is a recognized agent of change in the industry, facilitating a collaborative industry environment, providing a forum for addressing issues, and serving as a valuable resource for its members. AASA is the light vehicle aftermarket division of the Motor & Equipment Manufacturers Association (MEMA). “AASA, connecting members to what matters.”
About Auto Care Association
Auto Care Association is the voice of the auto care industry, $435 billion Plus Industries is made up of over 4.5 million American workers. Providing advocacy, education, networking, technology, market intelligence, and data resources to serve the collective interests of its members, the AutoCare Association serves the entire automotive aftermarket supply chain. A company that manufactures, distributes and sells automotive parts, accessories and tools. , equipment, materials, supplies and vehicle service, maintenance and repair. For more information, please visit www.autocare.org.
SOURCE Auto Care Association
