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HDAW News
T R U C K P A R T S & S E R V I C E | F e b r u a r y 2 0 1 5
The tidal wave of truck sales from 2006
and 2007 have spent the last year crash-
ing into the aftermarket, and the good
news is those currents will sweep forward
until at least 2019.
From the two years leading through
2007, Class 8 truck sales reached record
heights, combining for 537,000 units.
Those trucks are now within a seven- to
nine-year window for aftermarket service
opportunities, says John Blodgett, vice
president of sales and marketing for
MacKay & Co., who spoke at Heavy Duty
Aftermarket Dialogue last month.
"The highest annual parts demand
comes in years seven through nine, which
puts the aftermarket currently in the sweet
spot," he says.
MacKay & Co. estimates the 2014
aftermarket as a $26.19 billion business.
That growth trend is expected to climb to
at least the end of this decade when it is
expected to reach nearly $32.5 billion.
Truck age hit another record high in
2014, registering 9.74 years, Blodgett says.
And parts also are lasting longer, with
all wearable parts lasting more miles than
ever before. For example, a well main-
tained diesel engine can go upwards of
770,000 miles before a teardown. That's
up from just more than 275,000 miles 30
years earlier, Blodgett says.
Aftermarket riding high entering 2015
Pete Joy (center),
vice president
of sales and
marketing at
Phillips Industries,
has been elected
to the Heavy
Duty Aftermarket
Industry Hall of
Fame.
