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March 8, 2024
Cost Savings Drives DIY Behavior while Expertise and Experience Influence DIFM
Highlights of new research on vehicle owner behavior regarding vehicle maintenance: reasons for service, type of work done, concerns, challenges, industry outlook.
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December 7, 2023
Global Vehicle Aftermarket Tops $2 Trillion in 2022
The global vehicle aftermarket is estimated at $2.33 trillion for 2022: $1.87 trillion for light duty vehicles, $461.5 billion for medium/heavy duty vehicles. The top 30 countries account for $2.10 trillion or 90.4% of the total aftermarket. The estimate is based on Hanover Research's model and is anchored to S&P Global's Joint Channel Forecast and Auto Care's estimate of medium/heavy duty vehicles.
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November 20, 2023
E-Commerce Trends – Strengthening Sales and Reducing Shrink
Automotive products ranked 13th in terms of sales volume on Amazon, and tallied $12.8 billion of sales on Amazon for the 12 months ending October 14. As we approach the end-of-year holidays, we look at what parts categories are selling well in the e-commerce space, then touch on aspects of retail and e-commerce fraud so your company can reduce its risk from this growing problem.
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September 19, 2023
Aftermarket Response to High Inflation, High Interest Rates and Inventory Challenges
Auto Care Association member survey on inventory management and response to high inflation and interest rates since the COVID-19 pandemic and within the past year of economic uncertainty. Survey results and insights based on interviews with study participants across the industry and value chain. Original research on current challenges faced by automotive aftermarket companies.
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September 12, 2023
Vehicle Age and Complexity, Consumer Debt and Telematics Impacting Businesses as Year Progresses
Highlights of recent Key Issues and Impact Survey results with commentary from members across the industry on how several issues have impacted their own businesses.
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April 11, 2023
Recent Industry Data Bodes Well for Aftermarket
Market conditions continue to favor the aftermarket: economic conditions present a challenging environment for consumers to purchase a new vehicle, especially with ongoing inflation, rising interest rates, and uncertainty in the market.
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January 10, 2023
Sharpen Your Forecast with Recent VMT Data
Recent Weekly VMT and Monthly Economic and Industry Indicator data are available in TrendLens. The Market View package can be a sound investment for increasing the accuracy of demand / sales forecasting.
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December 15, 2022
EV Adoption Gains Momentum, E-Commerce Continues to Build
As we approach year-end, we highlight trends in electric vehicle adoption and related market conditions, along with e-commerce performance and forecasts for automotive aftermarket parts.
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December 1, 2022
5 Stats You Need to Know About the Technician Shortage
As the majority of post-warranty work is performed in the aftermarket, we have a duty to educate and inform the industry of challenges surrounding the technician shortage and how together, we can overcome this challenge.
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August 10, 2022
TrendLens – New Features and Office Hours Highlights
Commentary on industry performance, recent office hours session with data platform users, and highlights of new data points in TrendLens.
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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