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Auto Care Industry Expected to Grow 5.7% in 2024


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The

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released its online publications, the 2025 Auto Care Factbook and the 2025 Auto Care Factbook & Lang Annual. This is the 34th edition of the Auto Care Factbook, which provides the latest consumer and industry trends, expanded international market performance and more, according to the Association.

Along with a projected 5.7% growth in 2024, the Factbook projects the total light-, medium- and heavy-duty automotive aftermarket to be a $617.3 billion industry in 2027. 

In the 193-page Auto Care Factbook report, readers will find:

  • The Joint Channel Forecast Model through 2027 prepared by S&P Global;
  • Financial Benchmarks provided by Jefferies;
  • E-Commerce trends;
  • Vehicle registrations and usage;
  • Collision, Paint, Body and Equipment data;
  • State summary statistics;
  • NEW Global Aftermarket industry profiles for Argentina, Brazil and Guatemala;
  • UPDATED Aftermarket industry profiles for Bolivia, Canada and Mexico;
  • UPDATED Driving behavior data;
  • UPDATED Auto care industry consumer profiles and aftermarket service satisfaction by IMR, Inc.;
  • UPDATED Electric vehicle aftermarket in China;
  • UPDATED Tool and equipment purchasing trends;
  • UPDATED Medium and heavy duty vehicles technology, parts and distribution.

“As credit card debt in the U.S. reaches an all-time high of more than $17 trillion in 2024, Americans are feeling the weight of inflation and choosing more cost-saving options when possible, including with the maintenance of their cars,” said Bill Hanvey, president and CEO,

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“For many of the 236 million licensed drivers in the U.S., driving isn’t a luxury—it’s an everyday necessity—and the automotive aftermarket is proving to be the most viable option for affordable service and repair for many Americans as their budgets tighten. This year’s Factbook report underlines this trend of cost consciousness for the American consumer from the barber shop to the repair shop. The Factbook gives readers a holistic view of the aftermarket with the latest available data, equipping industry professionals with the information needed to plan for the year ahead.”

All Auto Care Association contacts at member companies receive a complimentary digital copy of the 2025 Auto Care Factbook report as an association member benefit. 

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