US automotive aftermarket grew at 9.7% in 2022

Financial results

According to the forecast, substantial growth is expected in 2023 (8.1%), followed by steady and sustainable growth from 2024–26 (3.5%-4.0%)

The US automotive aftermarket grew by 9.7% in 2022 to $360.4 million — surpassing the previous year’s projections of 8.8% despite looming recession concerns and supply chain challenges, according to a press release dated June 14 by the Auto Care Association, a US-based industry body representing independent manufacturers, distributors and repair shops.

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