Planning for the New Year
Happy Thanksgiving! Can you believe it’s already that time of the year? Time has always been mysterious, and even more so throughout the pandemic. I had the pleasure of meeting several of you for the first time in Las Vegas a few weeks ago – thanks so much for making the effort to attend! As I walked the show floor and met people, a few thoughts ran through my head:
- Are you approaching AAPEX differently this year?
- How are you adapting to inflation, supply chain disruptions, and the labor market?
- Are COVID-19 vaccine/testing requirements a big concern?
- Is the microprocessor shortage impacting your business?
- Is strategic planning and 2022 budgeting different for you and your company?
Throughout the year we’ve highlighted a variety of data points from numerous data sources, and I’d love to end the year with a snapshot of how these and other issues have been weighing on your and your team’s mind.
To that end, please take a few minutes to complete our “Auto Care Outlook Study” – you may access the survey via this link. Please be assured that your responses will remain confidential and that we will report results in aggregate.
I also welcome the opportunity to speak with you personally to augment our findings with richer commentary – please feel free to contact me at Michael.Chung@autocare.org and I’ll be happy to schedule some time to chat with you.
In the meantime, please complete the survey and accept my best wishes for a wonderful Thanksgiving!
Michael Chung, Director, Market Intelligence
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. More About Me
Market Insights with Mike is a 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.
[WATCH] Driver Behavior Trends and Their Impact on Parts and Service Opportunities
March 17, 2022This webinar analyzes driving behavior at the national, state, and local levels. Gain insights into: consumer behavior; driving patterns; and potential impacts on parts replacement, service and repair scheduling, vehicle age, and the car parc.
[WATCH] 2022 Business Outlook: Top Emerging Opportunities and Challenges
February 4, 2022This webinar explores need-to-know emerging opportunities and challenges for the coming year: current status of supply chain issues and what to expect in the year ahead and more.
[WATCH] How to Use Vehicle Miles Traveled to Better Your Bottom Line in 2022
December 3, 2021Vehicle Miles Traveled has been respected for years as a key indicator of aftermarket opportunities. Historically, planning has been limited to directional indicators but now aftermarket businesses can leverage more detailed insights on geographic differences as well as vehicle differences to more effectively take advantage of aftermarket opportunities.