NATIONAL AUTOMOBILE DEALERS ASSOCIATION CONVENTION AND EQUIPMENT EXPOSITION

Exhibition Scale: 10,000-20,000 From February 1st to 4th, over 23,000 dealers and managers, OEM executives, industry alliances, and international guests concluded a four-day program of education, networking, dealer franchise meetings, and events at NADA Show 2024 in Las Vegas. The NADA Show included a series of speakers, workshops, and educational programs, including the Dealer Learning Lab and EV Solutions Center, as well as dealer franchise meetings and live stage sessions. Market Analysis: The United States is a major importer of auto parts, with its automotive aftermarket being a very important industry. In 2012, the number of professionals in this industry reached 41,000 and has been growing year by year. The specific business scope of this industry includes the purchase and service of products for light, medium, and heavy vehicles, as well as the sale and replacement of auto parts, accessories, lubricants, appearance products, and tires, collision repair, and the sale of necessary tools and equipment for maintenance. In recent years, the total sales of the U.S. auto parts market reached 307.7 billion US dollars, an increase of 3.5% over 2011. Among them, the total sales of passenger car and light truck parts were 231.2 billion US dollars, while the total sales of medium and heavy vehicle parts were 76.5 billion US dollars. The AAIA Automotive Aftermarket Parts Statistics Report shows that auto parts, tires, and light vehicle services are sold to consumers through 41 distribution channels, 17 of which have prices significantly lower than those in the secondary market for parts. These 41 channels lead to every type of customer corresponding to factories that sell automotive products and services in the automotive aftermarket. New car dealers represent a large distribution channel (62.2 billion US dollars), and all independent dealers together sold nearly 170 billion US dollars worth of automotive aftermarket products and services. China has maintained good relations with the U.S. market in recent years, and Chinese auto parts have gained a certain market share in the U.S. due to their high quality and competitive prices.

Complete vehicles (sedans, SUVs, trucks, electric vehicles, hybrid vehicles, etc.), automotive parts and accessories (engine systems, chassis systems, body systems, interior and exterior trim, electronics and electrical systems, safety systems, new energy vehicle parts, etc.), automotive repair and maintenance equipment (diagnostic equipment, lifting equipment, tools, paint spray equipment, cleaning equipment, tire service equipment, etc.), automotive supplies and modification parts (audio systems, navigation, in-car entertainment systems, modification kits, car body film, interior upgrades, etc.), automotive finance and insurance services, dealer management systems and software, marketing and advertising solutions, charging infrastructure and energy management, used car business solutions, digital showrooms and customer experience technology, car rental and shared mobility services, other related products and services.

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