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April 23, 2020
Pandemic Impact and Outlook on the Auto Care Industry
In our inaugural piece, we highlighted trends in vehicle miles driven and launched a survey to learn about the impact of COVID-19 on the aftermarket. Survey results are highlighted below ( click here ). Traffic continues to stay at nearly 50% below their levels in late February. INRIX reports that the drop in vehicular traffic has flattened a bit in recent weeks – as pictured below, passenger travel was on average 48% lower during the week of April 4-10 than the week of February 22-29.
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April 6, 2020
Recent Trends in Vehicle Miles Driven During COVID-19
With millions of Americans working from home due to office and school closures, many in the industry are wondering about vehicle miles travelled (VMT) statistics – and rightly so! VMT statistics are correlated with the health of the aftermarket industry, and this makes intuitive sense – the more miles driven, the more that maintenance, repair, and replacement of vehicles will be required.
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I'm Mike
Ready to dive into market research? I provide the industry with timely information on key factors and trends influencing the health of the automotive aftermarket and serving as a critical resource by helping businesses throughout the supply chain to make better business decisions.
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