Market Intelligence_banner

Confidence Indices

Auto Care Association Confidence IndicesSince 2011, Auto Care Association and Northwood University have partnered to produce the Business Confidence Index (BCI) and Economic Confidence Index (ECI). These indices capture industry sentiment on the aftermarket business climate and general economy.

Results are calculated and reported in the weekly member newsletter, Auto Care Insider Weekly, and in Auto Care Insider Magazine. 

 Members-Only

The Confidence Indices (BCI and ECI) are a member-only resource which requires a login to view information  

  • Aftermarket Business Leaders’ Confidence for Overall Economy Reaches Neutrality but Slips for Own Business

    According to February Results of Auto Care Association/Northwood University Business and Economic Confidence Indices Survey

    BETHESDA, MD – February 28, 2024 – Aftermarket business leaders’ confidence in their own organizational performance fell slightly for the next 12 months. Confidence in the overall economy climbed to 0.00, the first time since March 2020 that the index has not been negative. Based on the February 2024 edition of the monthly Business and Economic Confidence Indices Survey:

    Chart 1: Auto Care Association/NU Business Confidence Index

    Table 1: February 2024 Results

      Assessment   Numeric Range
    Significantly Less Confident   -100 to -51
    Slightly Less Confident   -50 to -1
    No Change   0
    Slightly More Confident   1 to 50
    Significantly More Confident   51 to 100
    Current Index   10.91

    The overall Auto Care Association/Northwood University Automotive Aftermarket Business Confidence Index fell from 18.85 in January to 10.91 in February, remaining in the “slightly more confident” zone (Chart 1, Table 1).

    Chart 2: Auto Care Association/NU Economic Confidence Index

    Table 2: February 2024 Results

      Assessment   Numeric Range
    Significantly Less Confident   -100 to -51
    Slightly Less Confident   -50 to -1
    No Change   0
    Slightly More Confident   1 to 50
    Significantly More Confident   51 to 100
    Current Index   0.00

    The overall Auto Care Association/Northwood University Automotive Aftermarket Economic Confidence Index increased from -9.84 in January to 0.00 in February, reaching neutrality with respect to confidence (Chart 2, Table 2).

    The 158th monthly installment of the survey was sent to members on February 1, 2024. Results are calculated monthly and reported in the Auto Care Insider Weekly mailing. Member responses are presented in aggregate and used solely for the purpose of providing empirical information.

    For more information, contact Auto Care Association Market Intelligence at 301-654-6664.