Overheard: Auto Parts Retail Remains Strong
U.S. Census Bureau data shows we have far surpassed sales levels from before the COVID recession.
Overheard: Finding Qualified Techs
According to a recent Tire Review survey, 59% said it has been “extremely difficult” to find certified technicians.
Overheard: Average Car Count At Tire Dealers
How many bays does the average tire dealer have? Tire Review tells us.
Overheard: Vehicle Miles Traveled Catching Up
It’s still not a full recovery, but it’s looking positive.
Vehicles In Operation: How Many? And How Old?
Looking back at auto sales from years past also brings to light some good news for the aftermarket.
Overheard: IRFs Will Maintain A Strong Sales Lead
Independent repair facilities will maintain between 69.5% and 70% of auto care parts and service sales through 2023.
Overheard: Light Truck Sales Increasing
The light-truck share was 76.4% in 2020. By comparison, in 2010 the share was only 51.2%.
Average Age Of Light Vehicles Increases To 12.1 years
That is about two months older than it was in 2020, which was the previous record.
Overheard: What Jobs Numbers Tell Us About The Recession
In April there were 9.2 million job openings in the United States, which is a record.
Overheard: Used Vehicle Values Increase
The wholesale price of used vehicles increased 8.3% in April 2021.
Zooming In On Aftermarket Indicators
A look at both “big-picture” indicators as well as what is affecting individual shops at the micro level.
Overheard: Retail Parts Sales Are Up
Retail sales at auto parts, accessories, and tire stores were up 7.8% over February 2020 sales.
