Yearly market for replacement car batteries
Question
Estimate how many car batteries are sold in the US each year.
Short answer
Roughly 70 to 100 million a year. There are about million vehicles on the road; a battery lasts around – years, so replacements are about million a year. Add about million batteries fitted to new vehicles, plus boats, motorcycles and early failures, giving roughly – million. Spell out each assumption so the interviewer can follow and adjust it.
Adapted from Crack, Heard on the Street, Q5.5.14, p.55; question and answer rewritten by SelfMadeQuant.com.
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