O'Reilly Automotive Shifts into High Gear

If you ask an American to name one thing they can't live without, many will say their car. While some consider their cars to be nothing other than simple transportation, many have a special bond with them. According to a 2019 industry survey conducted by Cars.com, most American automobile owners pay more attention to their cars' health than they do to their own.

In the past few years, however, more car owners are paying attention to their vehicles out of necessity rather than just love. According to a recent report issued by automotive industry experts S&P Global Mobility, the average car in the US is now more than 13 years old. Older cars require more service -- service which frequently entails the purchase of more replacement parts. Additionally, with the average new car purchase price approaching $42,000, current owners are hanging on to their aging cars even longer, a trend which bodes well for continuing demand for used car parts.

Image source: Getty.

Source Fool.com