Vehicle service and repair markets grow steadily, reports MintelHigh gas prices and financial worries are keeping many people off the road … but their cars are still heading for the shop. A new report from research firm Mintel, Automobile Aftermarket, shows the market for vehicle service, repairs and upgrades slowly but steadily driving ahead.Mintel estimates the automobile aftermarket reached $106.5 billion in 2007, an 18% increase from 2002 when it was valued at $90.1 billion. The research firm expects today’s economic slowdown to put the brakes on auto service and repairs for 2008, but growth is expected again in 2009. Mintel predicts sales will surpass $120 billion by 2012.

© 2017 Mintel Group Ltd. | Privacy Policy | Legal | Cookie Use
To find out how Mintel Ltd has benefited from ERDF funding click here Mintel's Modern Slavery and Human Trafficking Statement Read More