Tag: automotive accessories store near me

A new year brings new growth opportunities, and according to several parts manufacturers, 2024 is showing positive signs. Vehicle miles driven is up, which means cars need more maintenance—that means replacement parts. The average price of new cars has increased, meaning drivers will be holding onto their vehicles longer. With the average vehicle age at 12 years, opportunities for replacement part sales and tweaking the coverage, ordering and distribution of them abound for manufacturers and all stakeholders in the automotive aftermarket.

With these tailwinds, we asked parts manufacturers in the automotive aftermarket to give us an update on certain aspects of their businesses and what they’re expecting for 2024 and beyond.

Gary Nix, President, AP Emissions Technologies

AMN: What are your thoughts on the aftermarket business environment for 2024?

Nix: Overall, the aftermarket business environment will likely continue to be challenging but also full of opportunities. We are extremely optimistic at AP Emissions about our industry in 2024 and feel like we are well-positioned for growth. Rising vehicle age and VIO counts are all factors that are favorable to our business. With the average age of vehicles now over 12 years old, we are seeing multiple exhaust and converter