plus 1, Reportlinker Adds Automotive Aftermarket in North ... - TMCnet

Reportlinker Adds Automotive Aftermarket in North ... - TMCnet

Posted: 30 Mar 2010 11:29 AM PDT

NEW YORK, March 30, 2010 /PRNewswire via COMTEX/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Automotive Aftermarket in North America http://www.reportlinker.com/p0184157/Automotive-Aftermarket-in-North-America.html Demand to grow 3.1% annually through 2014 The aftermarket in North America for light vehicle components and parts will rise 3.1 percent yearly to $71.8 billion in 2014, a slowdown from the 2004 to 2009 performance. Growth will be restrained by the expected rebound in new vehicle production and sales, which will help to remove older vehicles of prime aftermarket service age from the North American fleet. In addition, continued improvement in light vehicle reliability and durability will limit aftermarket opportunities, although the greater cost and complexity of vehicle systems will provide some offsetting support. Moderating raw material costs from high 2009 levels will also restrict value gains to some extent.

Electronics to be fastest growing segment The largest product category in the aftermarket will continue to be mechanical products, which includes non-electrical/ electronic engine hard parts; and chassis, drivetrain and suspension parts and components. However, growth will be limited by the improved quality of these already highly durable products. In contrast, the smaller electronic parts and components segment will see the fastest increases, a direct result of the continued transformation of the automobile from a mechanical machine with electronic enhancements into a software-driven device. Demand for electronic controls and modules will remain strong, despite continued quality increases, as more vehicle systems shift to electronics. However, improvements in some OEM electronic systems, particularly entertainment devices, will limit aftermarket upgrading of these products. The large aftermarket tire segment will also see above average growth, supported by the expected rebound in average miles driven, which had declines in 2008 for the first time in recent history and remained weak in 2009.

Professional service performers to remain dominant The dominance of professional service providers will continue to grow, as vehicles become more difficult to diagnose and repair. For much of the past decade, vehicle dealerships had been capturing a rising share of the professional market, supported by longer-term warranties and more complex vehicle systems requiring diagnostic devices that communicate with the vehicle's onboard computer. While these trends will remain in place, the large number of dealer closures in 2008 and 2009 as the Big Three US automakers faced financial difficulties should restrain growth in dealer service. Smaller, more local service providers such as garages and service stations, as well as large specialist repair chains are expected to benefit, since they offer consumers convenient locations. The increasing vehicle complexity and greater difficulty diagnosing vehicle repair needs will continue to limit DIY aftermarket opportunities. Furthermore, the key reason given by most DIYers for opting to perform their own repairs is to save money, and as consumers become both more affluent and older, they tend to prefer do-it-for-me service for all but the most basic repairs and maintenance. While the US dominates the North American aftermarket, accounting for approximately 85 percent of the regional total, both Canada and Mexico are expected to see more rapid gains through 2014. The Mexican automotive aftermarket will see the fastest growth among the three nations, spurred by the rising affluence of Mexican consumers who increasingly demand more complex, fully-featured vehicles and by Mexico's rapidly expanding vehicle park. Study coverage This new study, Automotive Aftermarket in North America, presents historical demand data (1999, 2004, 2009) and forecasts for 2014 and 2019 by country (US, Canada, Mexico), product and service performer. The study also considers market environment factors, details industry structure, evaluates company market share and profiles 44 industry competitors.

To order this report: : Automotive Aftermarket in North America More Market Research Report Check our Company Profile, SWOT and Revenue Analysis! Contact: Nicolas Bombourg Reportlinker Email: nbo@reportlinker.com US: (805)652-2626 Intl: +1 805-652-2626 SOURCE Reportlinker

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Who's News - sheboyganpress.com

Posted: 28 Mar 2010 01:09 AM PDT

Spice named St. Nicholas financial site manager

Cory J. Spice, a CPA, recently accepted the position of financial site manager for St. Nicholas Hospital.

Spice will be responsible for the day-to-day financial operations at St. Nicholas Hospital. He also will be working with hospital leadership on local financial issues, coordinating the annual audit, assisting with budgeting and supervising specific divisional functions such as payroll, productivity and accounts payable.

Spice has nine years of experience in the financial sector of the health care industry and received his bachelor of science degree in accounting from Carroll College in Waukesha.

Spice is from Green Bay, and is a member of the American Institute of Certified Public Accountants, the Wisconsin Institute of Certified Public Accountants and the Healthcare Financial Management Association and has been serving as treasurer on the Brown County United Way board of directors and its executive committee for the last four years.

Five employees join Van Horn Hyundai

Five new employees have joined Van Horn Hyundai in Sheboygan. They are:

Elizabeth Nett, as a custom finance specialist. She received her bachelor's degree in communications from St. Norbert College and recently moved to Sheboygan from DePere.

Skylar Watson, as a sales and leasing consultant. Watson is a Sheboygan native and a South High graduate, who also attended UW-Sheboygan from 2006-08.

Jeff Johnson, as a bodyshop technician, who has more than 15 years of automotive experience.

Sean Hackney, as a service technician. He is enrolled at Lakeshore Technical College for automotive repairs. Hackney spent four years in the Marine Corps as a diesel mechanic, and recently moved to the Sheboygan area from Havelock, N.C.

David Tauschek as a service technician. He has more than 35 years of experience in the automotive industry.

Jean Sweet hired by Maritime Insurance Group

Maritime Insurance Group has hired Jean Sweet as an account manager in the commercial division at the Sheboygan office. As a licensed property and casualty agent, Sweet has more than 18 years of experience in the insurance industry, all within commercial lines.

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