Key Highlights
- Women represent approximately 26% of the automotive aftermarket workforce
- Minority groups make up around 32% of employees in the automotive aftermarket industry
- Companies with diverse leadership are 35% more likely to outperform their peers financially
- Only 14% of executive level positions in automotive aftermarket companies are held by women
- 59% of automotive aftermarket employees believe that diversity improves innovation
- 28% of automotive aftermarket companies have formal diversity and inclusion policies
- Hispanic employees constitute approximately 15% of the industry workforce
- The percentage of African American employees in the automotive aftermarket is about 12%
- 42% of companies report making active efforts to recruit diverse candidates
- The automotive aftermarket industry’s spend on diversity training increased by 20% in 2022 compared to the previous year
- 76% of automotive aftermarket employees agree that fostering an inclusive environment leads to better teamwork
- The median age of employees in the industry is 45 years, with minority groups generally being younger
- Automotive aftermarket companies with diverse boards are 27% more likely to report above-average profitability
Driving Change: How Diversity, Equity, and Inclusion Are Transforming the Automotive Aftermarket Industry and Accelerating Growth
Economic Impact and Business Performance of Diversity
- Companies with diverse leadership are 35% more likely to outperform their peers financially
- Automotive aftermarket companies with diverse boards are 27% more likely to report above-average profitability
- Minority-owned automotive dealerships have increased by 18% from 2018 to 2022
- Companies with inclusive cultures report 31% higher revenue
- African American entrepreneurs account for roughly 10% of new automotive aftermarket businesses
- The number of auto parts retail stores owned by minority entrepreneurs increased by 15% from 2019 to 2023
Economic Impact and Business Performance of Diversity Interpretation
Industry Workforce Attitudes and Cultural Inclusion
- 59% of automotive aftermarket employees believe that diversity improves innovation
- 76% of automotive aftermarket employees agree that fostering an inclusive environment leads to better teamwork
- 55% of women and minorities in the industry believe there are barriers to career advancement
- 65% of industry leaders agree that diversity impacts customer satisfaction positively
- 70% of automotive aftermarket employees agree that diversity initiatives improve their work environment
- 80% of industry leaders agree that a diverse workforce is better for customer engagement
- More than 65% of automotive companies have reported improved employee satisfaction after implementing DEI initiatives
- 36% of employees in the industry believe that their companies are making meaningful progress toward DEI goals
- 55% of automotive aftermarket industry employees want more transparency around company DEI efforts
Industry Workforce Attitudes and Cultural Inclusion Interpretation
Leadership and Management Diversity Initiatives
- Industry training programs focused on DEI have grown by 30% over the last four years
Leadership and Management Diversity Initiatives Interpretation
Supplier Diversity and Market Ownership
- The industry’s supplier diversity programs have increased procurement from minority suppliers by 25%
- Approximately 25% of automotive aftermarket suppliers are certified as diverse suppliers
- Companies with diverse supplier bases report 19% higher customer satisfaction ratings
Supplier Diversity and Market Ownership Interpretation
Workforce Demographics and Diversity Representation
- Women represent approximately 26% of the automotive aftermarket workforce
- Minority groups make up around 32% of employees in the automotive aftermarket industry
- Only 14% of executive level positions in automotive aftermarket companies are held by women
- 28% of automotive aftermarket companies have formal diversity and inclusion policies
- Hispanic employees constitute approximately 15% of the industry workforce
- The percentage of African American employees in the automotive aftermarket is about 12%
- 42% of companies report making active efforts to recruit diverse candidates
- The automotive aftermarket industry’s spend on diversity training increased by 20% in 2022 compared to the previous year
- The median age of employees in the industry is 45 years, with minority groups generally being younger
- Companies with better diversity representation saw a 21% higher retention rate of employees
- 43% of automotive aftermarket firms have mentorship programs aimed at underrepresented groups
- 48% of industry respondents see diversity as a key factor in attracting top talent
- 34% of women working in the automotive aftermarket industry report facing bias or discrimination
- The percentage of LGBTQ+ employees in the industry is estimated to be around 8%
- 80% of automotive aftermarket executives recognize diversity as strategic for growth
- Initiatives aimed at increasing diversity have led to a 15% growth in new customer segments
- The representation of women in automotive aftermarket leadership roles is projected to increase by 10% annually
- 62% of Millennials and Gen Z employees prioritize diverse and inclusive workplaces
- Approximately 20% of automotive aftermarket companies have dedicated diversity councils
- The industry’s overall diversity index improved by 12% over five years, according to industry reports
- 42% of minority employees are interested in leadership development programs
- 58% of companies have diversity and inclusion training as part of their onboarding process
- The automotive aftermarket industry invests approximately $5 million annually in diversity initiatives
- 45% of automotive companies have set goals for increasing diversity within two years
- 33% of automotive aftermarket employees have participated in unconscious bias training
- The percentage of women in senior management roles in the industry is projected to grow by 12% annually
- The number of automotive business owners from minority backgrounds increased by 22% over three years
- 54% of automotive companies report room for improvement in their DEI efforts
- 29% of industry-specific job postings explicitly mention diversity and inclusion as a priority
- The industry’s average pay gap between genders is approximately 10%, with efforts underway to reduce this disparity
- 60% of automotive aftermarket companies plan to increase their DEI budgets in the next year
- The presence of women in automotive aftermarket engineering roles is approximately 18%, with potential for growth
- Lifetime earnings for women in the automotive aftermarket are approximately 20% less than their male counterparts
- The average age of automotive aftermarket employees from minority backgrounds is about 38 years, younger than the industry average
- Industry surveys show that 68% of automotive companies plan to implement new DEI initiatives in the upcoming year
- 23% of automotive dealership owners identify as minorities
- The percentage of automotive aftermarket employees who have experienced workplace bias decreased by 5% over the past three years
Workforce Demographics and Diversity Representation Interpretation
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