Average vehicle age rise leads to increase market value

The diagnostic scan tools market is expected to grow in the UK as vehicles with more complex electronics get older.

Globally, the market is due to reach $3.1 billion by 2018, with the UK expected to be the fastest growing segment in the next 2-3 years. With a higher average age of vehicle on the road, the independent aftermarket is highlighted to benefit, according to a report by Markets and Markets.

The report highlighted in aftermarket online (see below) confirms the importance of diagnostic testing and how this will continue to grow in the coming years. Investment in the technology is expected to be increasingly relevant as the UK’s vehicle fleet increases its average age. Continue reading full article