Needs and wants drive the automotive aftermarket. That simple truth has propelled it into a $185 billion annual industry that’s comprised of three large categories: accessories and appearance parts, performance parts and replacement parts. Although replacement parts accounted for about 85% of spending in 2002, sales of accessories and performance, or specialty, parts is the fastest growing segment of the aftermarket. A report by the Specialty Equipment Market Assn. (SEMA) ...
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