Positive Impacts of Reduced New Car Sales and Extended Ownership on the Automotive Aftermarket Repair Industry The automotive industry is witnessing a pivotal shift characterized by reduced new car sales and an extended length of vehicle ownership. According to S&P Global Mobility, the average age of passenger cars has climbed to 14 years, while light trucks are currently retained for an average of 11.9 years, reaching a new combined record high of 12.6 years. This trend, driven by economic uncertainties, increased vehicle prices, and changes in consumer behavior, presents significant opportunities for the automotive aftermarket repair industry, particularly in areas such as wheel service repairs, wheel alignment, steering and suspension repairs, tires, brakes, and Advanced Driver Assistance Systems (ADAS) calibration services. Additionally, this shift positively impacts the sales of new wheel service repair equipment by companies like John Bean. Average Age of U.S. Vehicles Contin...
John Bean For Alignment Professionals

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