Pessimistic Outlook for US Equipment Aftermarket
In the US the Motor & Equipment Manufacturers Association (MEMA) has announced the results of a recent member survey showing that suppliers expect business to look a little less than rosy for the automotive aftermarket this year. The results were compiled from quarterly market segment surveys conducted by the three MEMA market segment groups – Automotive Aftermarket Suppliers Association (AASA), Heavy Duty Manufacturers Association (HDMA) and Original Equipment Suppliers Association (OESA). These member-only industry surveys serve as barometers for the business outlook for the next 12 months.