MEMA Aftermarket Suppliers and Auto Care Association Announce 2024 Joint Channel Forecast Webinar

RESEARCH TRIANGLE PARK, N.C. – MEMA Aftermarket Suppliers and the Auto Care Association, in partnership with S&P Global, have announced a member-exclusive Aftermarket Joint Channel Market Size and Forecast 2024-2027 Webinar on June 6, 2024, from 11:00 a.m. – 12:00 p.m. ET. The webinar will review this year’s Joint Channel Forecast report, providing an in-depth analysis of the size, growth rate, and outlook for the automotive aftermarket industry.

For over two decades, MEMA Aftermarket Suppliers and the Auto Care Association have joined forces to create a single, reliable, and trustworthy estimate of the automotive aftermarket's size. This comprehensive forecast, developed each year by S&P Global, is expertly prepared by Shane Norton, Senior Principal in their Economics and Country Risk department. Norton will join us on the webinar to review highlights from the report, giving members the very first look into this year's report findings.

"This report is a testament to the strength of our industry and our industry partnerships," said Paul McCarthy, President and CEO of MEMA Aftermarket Suppliers. "By bringing together the two leading aftermarket associations and leveraging the expertise of an leading research firm, we are able to deliver a singular, accurate report on the aftermarket's size. This collaboration ensures our members receive the most insightful analysis available, and we have a single, credible voice to the wider world on the size and growth prospects for our great industry."

"The Joint Channel Forecast is an invaluable tool for company strategists, marketers, and executives," said Bill Hanvey, President and CEO of the Auto Care Association. "It not only provides a reliable picture of how the market is expected to move in the future but also offers a detailed explanation of the underlying factors driving these changes. This insight is crucial for informed decision-making and strategic planning."

Last year's webinar predicted that the market size would reach $405 billion in 2024. Are the market fundamentals robust enough to achieve this projection? What does the future hold for the automotive aftermarket industry? These questions and more will be addressed during the webinar.

Registration is required, and the event is free for members of MEMA Aftermarket Suppliers and the Auto Care Association. Don't miss this opportunity to gain critical insights and stay ahead in the industry. Learn more and register here.