Auto Care Association Digital Auto Care Factbook 2015 Features Extended Industry Forecast - aftermarketNews

Auto Care Association Digital Auto Care Factbook 2015 Features Extended Industry Forecast

With the very positive economic view for the United States, the auto care industry is expected to continue its participation in this growth cycle.

BETHESDA, Md. – The Auto Care Association’s recently released Digital Auto Care Factbook 2015 and the Digital Auto Care Factbook & Lang Annual 2015 feature an extended Industry Forecast through 2017 provided by IHS Automotive, driven by Polk. With the very positive economic view for the United States, the auto care industry is expected to continue its participation in this growth cycle.
 
According to the Industry Forecast, market forces driving the auto care industry include:
 
* The long-term economic view for the United States is very positive, as the economy is expected to move beyond the protracted recovery into a more stable growth period.
 
* While the first half of 2014 is likely to remain similar to 2013 – slow employment growth and restrained consumer spending – things should accelerate in the second half of the year.
 
* The unemployment rate should fall below 6 percent during 2015 and as a result, consumer spending is expected to continue to rise and vehicle miles traveled to pick up.
 
* With both the housing market and stock markets expected to remain strong, consumer sentiment and confidence are predicted to continue their upward trend.
 
* While this growth will certainly translate into benefits for new car sales, the aftermarket should see gradually strengthening improvement during the 2012 to 2017 forecast period.
 
The forecast is the product of the Auto Care Association and the Automotive Aftermarket Suppliers Association (AASA) Channel Forecast Model and is one of the new value-added content highlights in this year’s Digital Auto Care Factbook and Digital Auto Care Factbook & Lang Annual.
 
Auto Care Association members received a complimentary copy of the Digital Auto Care Factbook 2015 as a member benefit in May, along with three guest passes. While members can purchase additional copies at $200, the non-member price is $500. The Digital Auto Care Factbook & Lang Annual 2015 is also available for $650 to Auto Care Association members and $1,300 for non-members. To order any of these digital publications, visit www.autocare.org/market-intelligence/ and download the order form or contact member services at 301-654-6664.
 
 

You May Also Like

National Auto Body Council Welcomes Empire Auto Parts

Empire operates from 39 locations throughout 24 states in the eastern U.S. with an inventory of more than 48,000 SKUs.

National Auto Body Council Welcomes Empire Auto Parts

The National Auto Body Council Body®  announced Empire Auto Parts has joined the organization as a level two partner. Empire operates from 39 locations throughout 24 states in the eastern U.S. with an inventory of over 48,000 SKUs.

As a level two partner, Empire Auto Parts will work alongside a consortium of collision repair facilities, rental car companies, parts and materials providers, insurance companies, automotive recyclers, salvage companies, towing companies, industry consultants and more to serve communities across the country with programs that help change and save lives every day, according to the NABC.

Auto Care Association Certified as a Great Place to Work

“This prestigious award is a testament to the association’s commitment to creating an inclusive, supportive and dynamic work environment for its employees,” Auto Care said.

Auto Care Great Place to Work
NTEA Installs Jason Ritchey as 60th Board Chair

Ritchey has spent nearly 25 years in the work truck industry, and has served as president and owner of Curry Supply Co. since 2011.

NTEA Board Installs Jason Ritchey as 60th Board Chair
YANG Holds Regional Meetup in Conjunction with CAWA Forum

Sponsored by GB Remanufacturing, the event took place on Feb. 22 at the Silverado Resort & Spa in Napa, California.

YANG Regional Meetup
MEMA Welcomes Susan Pase in Strategic Retainer Agreement

Pase’s expertise spans many areas, including navigating industry trends, formulating strategies and increasing customer engagement.

MEMA Welcomes Susan Pase in Strategic Retainer Agreement

Other Posts

MEMA Celebrates 120th Anniversary

MEMA said the milestone “underscores the association’s enduring legacy and its pivotal role in advancing the future of mobility and the interests of vehicle suppliers.”

Registration for ACC Annual Meeting Open

Early bird registration is open for the Automotive Communications Council’s 2024 meeting from May 21-23 in Cleveland, Ohio.

Automotive-Communications-Council-2024-Meeting
Auto Care Association Expands Demand Index Product Coverage

It announced the release of 25 new product lines, as well as the addition of Annual Unit Volumes for 15 Demand Index Product Groups.

Auto Care Association Expands Demand Index Product Coverage
MEMA Vision Conference to Feature ‘3 Dragons’ and ‘4 Bulls’

The session returns in 2024 to feature a 360-degree view of the aftermarket through the lens of an economic expert, Wall Street professional and seasoned aftermarket analyst.

MEMA Vision Conference to Feature '3 Dragons' and '4 Bulls'