Africa, Latin America and the Middle East are growth areas for the global automotive aftermarket, according to members of the Overseas Automotive Council (OAC) of the Automotive Aftermarket Suppliers Association (AASA).
Each quarter, the OAC surveys its North American supplier members about worldwide business conditions. These surveys reflect OAC members’ unique viewpoints and their observations from their specific business perspective.
In the most recent survey, OAC members report experiencing steady growth in African markets. “South Africa is new growth opportunity for us,” one member noted.
Peru, Bolivia and Colombia continue to strengthen, according to OAC members. “Mexico, South and Central America are opportunities for growth, due to older vehicle age and repair history,” a member commented.
OAC members also reported a pick-up in business pace in the Middle East, with the potential for more diagnostic equipment sales with training programs. One member stated, “The Middle East market is good, even considering the price pressures due to low-cost Asian brands in the market.”
Respondents reported that overall business conditions in the global aftermarket are good. Some survey participants noted the dampening effect of the strong U.S. dollar and lower oil prices on exports.
As one respondent said, “Europe and parts of Asia Pacific remain soft. Strong dollar continues to have negative impact on export sales.” Another member commented, “We are selling more in the U.S. to compensate for decreases in exports.”
OAC members also cited the proliferation of low price, low-quality parts and counterfeit components in the global marketplace. One member commented that counterfeit and low-quality products are “coming out of the woodwork.”
The OAC strives to be the premier international community for all North American manufacturers and exporters, and all international importers, distributors and agents who participate in the automotive aftermarket. For more information about the OAC, AASA and its global outreach services, visit www.oac-intl.org.
Editor’s note: Ben Brucato is the director of membership and sponsorship of the AASA and executive director of the OAC.
The OAC promotes the sale in foreign markets of automotive and heavy-duty products manufactured in North America. Those products include components, accessories, chemicals, hand and power tools, service maintenance and repair equipment, and paint and body supplies for both cars and trucks. OAC has more than 350 members in more than 40 countries.
AASA exclusively serves manufacturers of aftermarket components, tools and equipment, and related products, which support 710,000 employees in the United States. AASA is a recognized industry change agent – promoting a collaborative industry environment, providing a forum to address issues and serving as a valued resource for members. AASA is the light vehicle aftermarket division of the Motor & Equipment Manufacturers Association.
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