AAIA Releases Wage & Growth Statistics

Motor,  Dec 2003  by Nash, Tom

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The average hourly wage for non-supervisory employees in five of the six sectors of the aftermarket increased between 2001 and 2002, according to the recently issued Automotive Aftermarket Industry Association (AAIA) 2003/2004 Aftermarket Factbook.

The largest increases occurred for workers in motor vehicle parts and accessories manufacturing. AAIA reports that the average hourly wage for production workers rose 6.2% from 2001 to 2002, to $18.62. Wage rates also increased in motor vehicle parts supplies and the tire wholesale, new and used motor vehicle dealer, auto and home supply store and automotive repair shop sectors. The only workers to see a decrease in average hourly wage were gasoline service station workers.

Among other highlights contained in the Factbook:

*The number of aftermarket industry mergers and acquisitions remained relatively unchanged from the previous year.

*Collision repair sales increased 5.6%, to $32.4 billion.

*U.S. motor vehicle parts and accessories exports increased .5%, to $48.1 billion.

*Medium and heavy-duty aftermarket product sales increased 1%, to $61.5 billion.

*The sale of many automotive cleaning products increased significantly in 2002. For example, leather cleaners experienced a 30% rise in sales, while sales of glass cleaner rose 12.4%.

Copyright Hearst Business Publishing Dec 2003
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