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Used Car Tune-up


Making do with more mileage

When it comes to cars, Americans are choosing to love the one they’re with. With the price of new cars climbing, consumers and fleet owners are investing in fixing the cars they already own -- good news for companies that serve the aftermarket for replacement parts and services. Even drivers looking for a change aren’t necessarily thinking new: the price of an average new car has risen precipitously, and consumers have become increasingly alert to the value offered by used cars, even as the average price of new cars has increased. This motif provides exposure to companies that may benefit from the surge in the auto aftermarket business caused by the extended use of aging cars. </br><b>Used Car Tune-Up in numbers:</b> </br>-In 2018 the average age of light vehicles on U.S. roads was 11.8 years. </br>-The number of vehicles 16 years and older is expected to rise 22 percent to 74 million between 2018 and 2023.[1] </br>-In 2018, used vehicle sales hit 40.2 million in the U.S.; analysts predict sales could approach 41 million in 2019.[2] </br>-In 2018, the price gap between new and used cars grew to 62 percent, a difference of nearly $14,000 s on average.[3]</br>-Yet the price of a used car has gone up: in the first quarter of 2018, the average price of a used car rose to $19,657 in 2018, up 17.6 percent compared to the same period five years before.[4] </br>-Between 2017 and 2018, spending on fleet maintenance increased approximately 4 percent, partly due to extended replacement cycles. It is expected to rise further in 2019.[5] See More
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Weight Segment & Stocks Symbol 1 YR Return
50.1% Auto Parts Retailer 20.9%
18.2% O'Reilly Automotive Inc. ORLY 22.3%
16.2% AutoZone Inc. AZO 39.8%
8.3% 8xxxxxx 8xxx 8xxxx 8xx 8xx 8xx 88.8%
7.5% 8xx 8xxxxxxxxxx 8xx 88.8%
44.2% Car Dealer 16.6%
10.5% Copart Inc. CPRT 23.3%
8.2% 8xxxxx 8xx 8xx 88.8%
4.9% 8xxxxxx 8x 8xxx 88.8%
3.9% 8xx 8xxxxxx 8xxxxxxx 8xx 8xx 88.8%
3.6% 8xxxxxxxxx 8xxx 8x 88.8%
2.7% 8xxxxx 8xxxxx 8xxx 8xx 88.8%
2.4% 8xxxxx 8xxxxxxxxx 8xxxx 8xx 8xx 88.8%
2.4% 8xxxxx 8xxxxxxxxx 8xxxx 8xxx 8xx 88.8%
1.2% 8xxxx 8xxxxx 8xxxxxxx 8xx 8xx 88.8%
1.2% 8xxxx 8 8xxxxxxxxx 8xxx 8xx 88.8%
1.1% 8xxxx 8xxxxxxxxx 8xxx 8xx 88.8%
1.1% 8xxxxxxxx 8xxxxxxx 8xxx 8xxx 88.8%
1.1% 8xxx 8xxxxx 8xxxx 8xxx 8xx 88.8%
3.0% Diversified 2.6%
3.0% 8xxxx 8xxx 8xxx 88.8%
2.7% Tires 4.4%
1.6% 8xx 8xxxxxxx 8xxx 8 8xxxxx 8xxxxxx 8x 88.8%
1.0% 8xxxxx 8xxx 8 8xxxxx 8xxxxxx 8xx 88.8%
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