June 7, 2026
Headlines

Economic Shifts

The Era of the 13-Year-Old Car: How Americans Are Reshaping the Automotive Landscape

The Era of the 13-Year-Old Car: How Americans Are Reshaping the Automotive Landscape

Business News Desk03 mins mins

American drivers are holding onto their vehicles for record-breaking durations, with the average age of cars on U.S. roads reaching an all-time high of 13.6 years in 2024, according to data from S&P Global Mobility. This shift, driven by high interest rates, elevated vehicle prices, and supply chain instability, is fundamentally altering the business models…

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Market Consolidation: GST Reforms and Geopolitical Shifts Reshape Auto Aftermarket

Market Consolidation: GST Reforms and Geopolitical Shifts Reshape Auto Aftermarket

Business News Desk03 mins mins

A convergence of fiscal policy changes and international geopolitical instability is fundamentally altering the automotive aftermarket landscape in West Asia, as smaller, unorganized spare parts vendors lose significant market share to established global brands. Driven by recent Goods and Services Tax (GST) adjustments and supply chain disruptions, consumers are increasingly prioritizing reliability over the traditionally…

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