Md. – July 9, 2020 – This edition of Market Insights with Mike highlights recent trends in
vehicle miles traveled that are encouraging, but perhaps offset by other
statistics that loom as indicators of another rough patch for the U.S. economy
and the aftermarket.
As of late June, vehicle travel has steadily ascended to
pre-pandemic levels – since mid-April, passenger vehicle travel has gradually
climbed back up to “normal” levels as states and municipalities have re-opened.
While individuals are gradually venturing out
more, the increase in cases, particularly in Southern and Western states, is
leading to mandates to restrict business activity. This is likely going to
reduce vehicle activity and negatively impact the national economy.
To view the latest edition of Market Insights with Mike,
About Market Insights with Mike:
Market Insights with Mike is a new series presented by the
Auto Care Association’s Director of Market Intelligence, Mike Chung, that is
dedicated to analyzing market-influencing trends as they happen and their
potential effects on your business and the auto care industry.