Looking for complete business insurance? Nationwide offers affordable
policies specifically designed for your auto parts and supply business.
Auto Parts Industry Quick Facts
Having more information helps you understand your industry and its trends, and the resulting impact on your business.
Did you know?
-
U.S. automotive aftermarket sales totaled $202.5 billion in 2007,
according to the Automotive Aftermarket Suppliers Association
(AASA).
Protect your parts database and computer network with Nationwide Computer Coverage. -
In the last 10 years, the specialty auto accessories and appearance
products industry experienced increases that averaged nearly 8.7
percent annually, while the U.S. economy had an average annual growth
of only 3.2 percent per year, according to the Automotive Aftermarket
Industry Association (AAIA).
Safeguard your growing business - and your income - with Business Interruption Insurance. -
According to the AASA, the average age of light vehicles in 2007
increased to 9.1 years from 8.6 years in 2006.
As the demand for auto parts rises, so will customer traffic to your door. Protect your business with General Liability Insurance. -
U.S. imports of automotive parts were 98.8 billion in 2007, an increase
of 3.8 percent over 2006 levels, according to the Department of
Commerce, International Trade Association.
Product Liability Insurance can provide you coverage in the event a part or product you sell is defective or causes an injury.
Product, coverage, discounts, insurance terms, definitions, and other descriptions are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in your individual insurance contracts, policies, and/or declaration pages from Nationwide-affiliated underwriting companies, which are controlling. Such products, coverages, terms, and discounts may vary by state and exclusions may apply.
