U.S. Motor Vehicle Auto Care Industry The U. S. Motor Vehicle Aftermarket, consisting of Light Vehicles, Medium and Heavy Duty trucks, will also be referred to in this report as the Auto Care Industry. This, a $368 billion industry in 2016, is expected to grow at a compounded annual growth rate of 3.6 percent per year and reach $421.2 billion in 2020. It is expected this growth will be fueled by the increasing average age of vehicles and more specifically the growth of vehicle population in the 11 year and older category. Motorists recognize that vehicles are engineered to last longer and are therefore demonstrating a willingness to take advantage of the favorable economies of vehicle maintenance and repair vs. the cost of purchasing new vehicles. This new 2018 Digital Factbook from the Auto Care Association is designed to help our readers navigate the complexities of the Auto Care Industry. Size of the U.S. Motor Vehicle Auto Care Industry (Billions of Consumer Dollars) Automotive Medium and Heavy Duty Total Aftermarket 2007 (Census) $207.9 $68.8 $276.7 2012 (Census) $238.3 $78.9 $317.2 CAGR ('07-12) 2.8% 2.8% 2.8% 2012 (Census) $238.3 $78.9 $317.2 Year Automotive Yr./Yr. % Change Total Market Yr./Yr. % Change 2013# $245.9 $81.7 $327.6 3.2% 3.3% 2014# 2015# $254.9 $265.7 $84.7 $87.7 $339.6 $353.4 3.7% 4.2% 3.6% 4.1% 2016# $277.1 $90.9 $368.0 4.3% 4.1% 2017* $286.9 $94.2 $381.1 3.5% 3.6% 2018* $296.3 $97.6 $393.9 3.3% 3.4% 2019* $306.4 $101.1 $407.5 3.4% 3.5% 2020* $316.4 $104.8 $421.2 3.3% 3.3% 3.6% 3.6% 3.6% CAGR ('12-20) Year Over Year Growth of the U.S. Automotive Aftermarket (Percent Change from Previous Year) 6% 5% 3.7% 4% 2.8% 3% 4.2% 4.3% 3.2% 3.5% 3.3% 3.4% 3.3% 2017* 2018* 2019* 2020* 2% 1% 0% 2012 Census (CAGR 07-12) Notes: 2013# 2014# 2015# 2016# # Estimate * Forecast Historical data have been revised.Figures do not include warranty work. Source: Auto Care Association / AASA Channel Forecast Model 12 The 2018 Digital Factbook is Copyright © 1990 Auto Care Association and/or its licensor. All other rights reserved. Use of the 2018 Digital Factbook is subject to compliance with the Legal Terms and Conditions found on page 119 of this report.