MARKET UP $10 BILLION
MIDLAND PARK, N.J. - The car and light-truck service market increased almost $10 billion, to $55 billion, between 1993 and 1998.
New-vehicle dealers generated 38 percent of that volume, or nearly $3.8 billion, according to Lang Marketing Resources Inc., a research firm here specializing in the vehicle service industry.
The remaining growth was spread out as follows:
Muffler, transmission, oil change and brake shops saw a $2.3 billion growth in business.
Tire stores grew by $1.1 billion.
Foreign specialists grew by $1 billion.
Single-point service stations and garages saw a $700 million increase.
Auto parts stores with service bays were up $600 million.
Discount stores and mass merchandisers were up $500 million.
RALEIGH-DURHAM, N.C. - Owners of 9-year-old vehicles spent more money on repairs than owners of cars of any other age, according to the 'Automotive Industry Status Report' from the Motor Equipment and Manufacturing Association.
The 9-year-old vehicle group spent $1 billion on repairs.
Estimated engine and underhood automotive repairs for all personal vehicles in the United States totaled $13.9 billion in 1997.
SUBARU TRACKS PARTS
ROCHESTER, N.Y. - Subaru of America Inc. will soon provide its parts suppliers with inventory purchasing forecasts for the suppliers' raw materials and production planning.
A software program provided by LPA Software Inc. will create a national profile of parts demand. The new software, called LPAVision, lets Subaru track parts usage across the country and fill orders more quickly, said Gary Palanjaian, director of Subaru's parts operations.