Downturn in new car sales has ‘significant implications’ for aftermarket
AutoInc.
OCTOBER 27, 2023
It will take another 3 to 4 years before the new vehicle market returns to its pre-pandemic levels, a longer recovery than that following the 2008 Great Recession. Annual light vehicle sales have decreased an average of 16% since COVID-19. Vehicles newer than six years average nearly 14,000 miles per year on U.S.
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