This may be the weirdest piece of news I’ve been able to put out in a long time; while car sales are falling off in virtually every category, there’s a bright spot in the car market–after market parts sales.
Things like car stereos, in-car video, car speakers and other such items look to top well over nine billion dollars in total sales this year.
And frankly, this makes a whole lot of sense. Given that the car sales market is falling off, people are looking to make their old car last longer and run better and be just plain old more enjoyable. So they’re looking at better stereos and navigational gear and all these new and interesting gadgets designed to improve the quality of life in the car.
Since fewer and fewer are looking to buy, more and more are looking to keep, and keeping means a brisk market for improvements.
Tags: aftermarket, aftermarket accessories, aftermarket parts, car market, Cars