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As the typical age of sunshine automobiles within the US continues to
rise, the aftermarket stays poised for development, albeit in
other ways than traditionally seen, in response to S&P World
Mobility (previously the automotive crew at IHS Markit). Car
upkeep and restore alternatives from an more and more aged
car fleet will proceed to influence the service and restore
group as service suppliers and shoppers are working to
preserve automobiles which have a median age of 12.2 years.
“Softening new car gross sales, led by continued stock
challenges associated to world provide chains and forthcoming financial
constraints, in addition to ongoing COVID issues, will likely be vital
components within the coming years,” mentioned Todd Campau, aftermarket
observe chief, S&P World Mobility. “The auto business just isn’t
anticipated to appreciate the identical pent up demand as in earlier
situations given inflationary pressures and different components,” he
mentioned.
“On the identical time, the container delivery provide chain is slowly
recovering from the historic pandemic-driven disruption, however the
system is way from out of the woods,” mentioned Peter Tirschwell, vice
president, maritime and commerce for S&P World Market
Intelligence. Port bottlenecks are easing on the U.S. West Coast
however are persisting on the U.S. East and Gulf coasts, at inland rail
services and at warehouses which stay at excessive ranges of
utilization. Even when provide chain pressures are easing, notion
of danger within the provide chain stays extremely elevated, with many
importers rightfully involved concerning the excessive potential for future
provide chain shocks comparable to a longshore labor strike, additional COVID
lockdowns in China or different threats.
S&P World analysts will share insights and spotlight these
and different key components of affect on the aftermarket throughout three
shows subsequent week on the Automotive Aftermarket Merchandise Expo
(AAPEX) and SEMA Exhibits in Las Vegas. Presentation particulars are as
follows:
At AAPEX:
5 Automotive Tendencies Impacting the North American
Aftermarket, offered by Todd Campau as a part of the AAPEX
Common Classes
Tuesday, Nov. 1, 11:00 a.m.-12:00 p.m., the Venetian, Marco Polo
701.
Campau will share insights on the influence of ongoing provide chain
points and electrification, in addition to rising financial pressures,
on the aftermarket throughout his annual overview of key business
tendencies.
Will Regular Ever Return to Container Transport Provide
Chains? This session will likely be offered by Peter Tirschwell
of S&P World Market Intelligence.
Thursday, Nov. 3, AAPEX stage, Venetian Expo, 10 – 10:20 a.m.
Tirschwell will share insights on the continuing world provide
chain impacts, together with a dialogue on U.S. port challenges and
potential future provide chain shocks.
At SEMA:
5 Tendencies in 55 Minutes, offered by Todd
Campau.
Monday, Oct. 31, 11 a.m. – midday, Room N256, North Corridor, Las
Vegas Conference Middle.
Campau will present insights into the most recent aftermarket tendencies
and shopper habits influencing enterprise within the present
surroundings, each within the quick and long run.
Interviews with S&P World consultants can be found earlier than and
throughout the occasions. Please contact Michelle Culver, 248.728.7496 or
through e mail at michelle.culver@spglobal.com
to rearrange.
S&P World Mobility Exhibit Particulars
S&P World Mobility will reveal its suite of
aftermarket product options throughout the worldwide passenger and
industrial car aftermarket at its AAPEX exhibit, sales space
A4520 on the Venetian Expo Middle. Specialists will likely be readily available
for product demonstrations and discussions on the S&P World
Mobility suite of aftermarket merchandise together with enhanced Car
in Operation choices offering extra insights on rising
applied sciences, Car Miles Traveled and AftermarketInsight.
About S&P World Mobility
At S&P World Mobility, we offer invaluable insights
derived from unmatched automotive knowledge, enabling our prospects to
anticipate change and make selections with conviction. Our experience
helps them to optimize their companies, attain the best shoppers,
and form the way forward for mobility. We open the door to automotive
innovation, revealing the shopping for patterns of as we speak and serving to
prospects plan for the rising applied sciences of tomorrow.
S&P World Mobility is a division of S&P World (NYSE:
SPGI). S&P World is the world’s foremost supplier of credit score
rankings, benchmarks, analytics and workflow options within the world
capital, commodity and automotive markets. With each one in every of our
choices, we assist lots of the world’s main organizations
navigate the financial panorama to allow them to plan for tomorrow,
as we speak. For extra data, go to www.spglobal.com/mobility.
This text was printed by S&P World Mobility and never by S&P World Scores, which is a individually managed division of S&P World.
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