Trends That Drive Aftermarket Service Opportunities
There is never a shortage of economic data to study.
Overheard: Auto and Truck Sales Still Suffering
Sales haven’t been this low since the recovery from the Great Recession of 2008-2010.
Overheard: Producer Price Index, Ups and Downs
For almost a decade, the Producer Price Index for tires was remarkably stable.
Overheard: Aftermarket Employment Numbers
Data from the U.S. Bureau of Labor Statistics breaks down aftermarket employment numbers by industry segments.
Overheard: Are Rising Diesel Prices Slowing?
Despite dropping in recent weeks, diesel is still up 68% over the past 12 months.
Overheard: What are Repair Shops Keeping in Stock?
Engine oil, antifreeze and oil filters were among the most common products kept in stock.
Overheard: Fewer Dealerships Had On-Site Body Shops in 2021
In 2021, 35.7% of new car dealerships operated an on-site body shop, according to NADA.
Overheard: Independent Repair Shops Hold Most Marketshare
The Auto Care Association/AASA Joint Channel Forecast shares the forecast for 2023 as well.
Overheard: Dealership Service Sales Hit Nearly $55B in 2021
In addition, they had total parts sales of $74.5 billion, according to NADA data.
Overheard: The Latest Vehicle Miles Traveled Data
Travel for January through March 2022 shows a 5.6% increase over 2021.
Overheard: Another Way to Measure Effects of the Chip Shortage
Another way to measure effects of the chip shortage and supply-chain issues is to look at the Inventory to Sales ratio.
Overheard: Diesel in Distress
The price of diesel fuel hit records in many parts of the country this week.
