Retail Spending On Cars, Car Parts Surpasses All Other Sales
Automotive accounted for more than $1.2 trillion of retail spending in 2020, according to the new SEMA Retail Trends Report.
Overheard: How Much Do Bodyshops Spend On Marketing?
Babcox Research asked collision repair shops how much they spent annually on all forms of advertising and promotions.
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.
Alternative Power Vehicles Could Be 45% Of US LV Sales By 2035
Alternative power vehicles currently make up only 1% of light vehicles in operation, according to SEMA.
e-Commerce Parts Purchasing At Independent Repair Shops
More than 90% of parts purchased by shops are through an integrated/captive B2B application, IMR’s research shows.
Overheard: Average Car Count At Tire Dealers
How many bays does the average tire dealer have? Tire Review tells us.
IHS Markit: Wafer and Semiconductor Capacity Remains Tight
Automotive supply chain challenges continue; global light vehicle production impacts now expected well into 2022.
Overheard: Fed Says Auto Parts Production Remains Strong
Auto parts are being produced at a level of 9.7% more than they were in 2017, according to the Federal Reserve.
Global TPMS Market To Reach $18.6B By 2024
Europe represents the largest regional market for Tire Pressure Monitoring Systems.
Market Insights: Use Weekly VMT To Predict Retail Impact
Relative to previous years, VMT for the two-week period around July 4, 2021, was higher than for the same time period in 2019 and 2020.
EV Battery Management System Market May Reach $9B By 2026
ResearchAndMarkets data shows the market was valued at $2 billion in 2020.
