The global automotive aftermarket is expected to reach $722.8 billion by 2020

According to recent report, In USA, there is still 75% of aftermarket auto repair is performed by independent auto repair shops while 25% of the business lives with dealerships.

The average length of vehicle ownership for new and used vehicles has increased 60% in the last ten years. Although Americans may be buying newer vehicles, don’t let these numbers fool you into thinking the aftermarket is stagnant or declining. Older vehicles are simply lasting longer.

Today’s consumers are keeping their vehicles longer and are more aware of the importance of preventive maintenance and scheduled servicing to maximize the lifetime value of their vehicles. This rising demand for aftermarket parts and services is spurring new growth and revenue opportunities for a wide range of businesses operating in the automotive aftermarket industry.

In India, even there are many startups are trying to build Brands to disrupt the aftermarket, MeriCAR.com, which is first in India and recognized as Unique Business, is creating marketplace disruption in every city of INDIA. The team has recently made presence in Pune, Ranchi, Nasik and 35 cities under Partnership Programs to help small garages.

The venture is the first in India, twice funded and is planning for Series A funding from Singapore, Hongkong, Japan and top investors from USA.

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