How Will the Aftermarket Landscape Change in the US in Light of the US Presidential Election and Emerging Regulations? Categories: 2024, News Timelines: Argentina, Brazil, Central America, Chile, China, Colombia, France, Germany, India, Italy, Mexico, Morocco, Peru, Poland, Portugal, Russia, South Africa, Spain, Thailand, Turkey, United Kingdom, Vietnam
Announcement Date : 18 November 2024
For the automotive aftermarket sector, the recent Presidential election results and the ongoing policy changes could reshape industry landscapes, influencing everything from regulation compliance to supply chain dynamics.
The recent S&P Global report on trucking and the potential impacts of new policy changes highlights the drive toward sustainability and efficiency within the commercial vehicle segment. For the aftermarket, this could mean an increased demand for green technologies and parts that meet more stringent emission and efficiency standards. GiPA’s PAD™ data on the extensive 284 million-vehicle parc in the US—where the average vehicle age is 12.5 years—indicates that these regulations may also affect repair outlets (of which there are over 290,000) as they strive to meet updated compliance standards.
Policy shifts affecting trade can further influence supply chains, an area of growing focus within the aftermarket industry. With heightened emphasis on supply chain resilience, companies must adapt to policies that might prioritize local manufacturing or restrict import/export options. Such regulations could also catalyze innovation within domestic production, presenting aftermarket players with opportunities to diversify their sources and develop more localized supply solutions.
GiPA’s PAD™ study reveals that consumer behavior in the aftermarket has been evolving rapidly, with a notable increase in demand for data-driven insights and customized service solutions. The SDP+ forecasting tool SDP+ is the GiPA forecasting tool which systematically gathers data related to new registrations, vehicle usage, CPI inflation rates together with macroeconomic indicators including GDP growth, unemployment rates and household consumption.
Aftermarket providers that leverage data insights—such as analysis on drivers’ maintenance habits, workshop entries, and channels—are better positioned to offer services that align with evolving consumer expectations.
In an environment increasingly focused on sustainability, aftermarket companies that adopt green practices could gain a competitive edge. With insights from PAD™ data on key repair and maintenance markets, profiles of repairers and parts resellers, and trends in DIY vs. DIFM (Do It Yourself vs. Do It for Me), GiPA enables aftermarket players to make informed decisions on products and services that align with future regulations.
The coming years promise significant shifts in the US aftermarket landscape, driven by evolving political and regulatory environments. GiPA, through its comprehensive PAD™ study and SDP+ forecasting tool, remains at the forefront, equipping aftermarket companies with the insights needed to stay competitive, compliant, and prepared for the future.