RESEARCH TRIANGLE PARK, N.C. – Many AASA supplier members believe that the electrification of vehicles will impact their businesses within the next 10 years – and, of those expecting an impact, the majority expect that impact to be negative, according to the results of the Q3 2017 Supplier Barometer survey conducted by the Automotive Aftermarket Suppliers Association (AASA).
Each quarter, AASA surveys its supplier member on market outlook, pricing, gross margins, inventories, capacity and more. In addition, the association includes special questions each quarter regarding current industry trends and topics. For Q3 2017, AASA’s Barometer survey included questions about electrified vehicles (EV) to learn how engaged members are with this technology and how it is affecting their product planning.
“Although the majority of AASA Barometer survey respondents are concerned about the impact from electrified vehicles, the majority also report preparations are underway to respond to new market demands,” noted Bill Long, AASA president and chief operating office.
“About one-quarter of those expecting an impact report having the products needed to capture sales as EV takes hold,” explained Paul McCarthy, AASA executive vice president. “Nearly 50 percent more report their companies have started or are planning R&D initiatives to take advantage of the opportunities presented by EV.”
“Although it is too soon to say that the age of the electric vehicle is upon us, it is safe to say that suppliers have begun EV preparations,” added Philip Atkins, AASA director, strategic research & planning
The “AASA Aftermarket Supplier Barometer” is a quarterly survey of AASA full service supplier members on key indicators and market trends. The Executive Summary of the Q3 2017 Supplier Barometer is available to AASA members; the full survey report is an exclusive AASA member benefit and is available only to member companies which participate in the survey.
To participate in the Barometer or for more information about other AASA industry analysis offerings, contact Philip Atkins (firstname.lastname@example.org or 919-406-8856).
Media Contact: Margaret Beck, 919-406-8828 or email@example.com
AASA (www.aftermarketsuppliers.org) exclusively serves manufacturers of aftermarket components, tools and equipment, and related products, an important part of the automotive parts manufacturing industry which supports 871,000 American jobs. 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 (MEMA). “AASA, The Voice for the Automotive Aftermarket Supplier Industry”