Research
Overheard: Vehicle Miles Traveled Catching Up
It’s still not a full recovery, but it's looking positive.
It’s still not a full recovery, but it's looking positive.
Looking back at auto sales from years past also brings to light some good news for the aftermarket.
Independent repair facilities will maintain between 69.5% and 70% of auto care parts and service sales through 2023.
The light-truck share was 76.4% in 2020. By comparison, in 2010 the share was only 51.2%.
That is about two months older than it was in 2020, which was the previous record.
In April there were 9.2 million job openings in the United States, which is a record.
The wholesale price of used vehicles increased 8.3% in April 2021.
A look at both “big-picture” indicators as well as what is affecting individual shops at the micro level.
Retail sales at auto parts, accessories, and tire stores were up 7.8% over February 2020 sales.
Consumers snapped up new autos at pre-pandemic rates in the first quarter, according to a Bloomberg report.
