Auto Parts Manufacturing Market To Reach USD 41.2 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
Fort Collins, Colorado, May 01, 2024 (GLOBE NEWSWIRE) -- The rise in aging vehicles is a significant driver to the industry's growth. The rising number of aging vehicles worldwide is a key driver, increasing the demand for auto parts and propelling market growth. According to the Bureau of Transportation Statistics, as of 2022, the average age of passenger cars in the U.S. exceeds 12 years, while that of light trucks surpasses 11 years. With such a large population of older vehicles, the need for repair and maintenance has surged, as aging vehicles require more frequent servicing and replacement parts. This heightened demand encompasses a variety of auto parts, including filters, spark plugs, brake pads, and alternators, among others. Additionally, the upsurge in automotive sales, attributed to improved supply, heightened demand for personal transportation, and increased savings, further augments market growth. According to the International Organization of Motor Vehicle Manufa
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GM
Earnings
- 4/23/24 - Beat
GM
Sec Filings
- 5/15/24 - Form PX14A6G
- 5/2/24 - Form PX14A6G
- 4/25/24 - Form PX14A6G
- GM's page on the SEC website