Overheard: Current Gas Price Spike Won't Hurt VMT

Overheard: Current Gas Price Spike Won’t Hurt VMT

Only when it looks to be permanent will consumers start to change their behavior.

Data Did You Know: In case you hadn’t noticed (sarcasm mode off) prices at the pump are up a little bit, as shown below. In the short run, this won’t affect Vehicle Miles Traveled (VMT) too much, since driving for work and business add up a lot more than the discretionary trips that can be put off. Only when it looks to be permanent will consumers start to change their behavior. The data below is from the US Dept. of Energy, Energy Information Administration.

You May Also Like

VIPAR HD Announces Latin America Expansion Plans

Plans include focusing on new locations, stockholders, and suppliers to serve the growing market.

VIPAR hold semi-annual meeting

Powered by more than 100 locations and 15 years of serving the parts and service needs of commercial vehicle owners throughout Mexico, VIPAR Heavy Duty announced plans to expand its operations and network in Latin America.

“VIPAR Heavy Duty is focused on growing our business in Mexico, Central America and Colombia," said Chris Baer, VIPAR Heavy Duty president and CEO. "Plans are underway for existing distributors to open new locations. We will also be strategically adding new stockholders and new suppliers to best serve Latin American markets. This is a growth opportunity for all participants."

Preparing for the ‘End Game’

Endgame strategies, Tartaglione explains, encompass the owner’s objectives for the business, including passing it on to the next generation, selling to a competitor or bringing in a financial partner.

Preparing for the 'Endgame'
MAHLE Releases 2023 Sustainability Report

MAHLE noted it made significant progress in reducing its CO2 emissions, and increasing the use of renewable electricity.

MAHLE Releases 2023 Sustainability Report
Continental Appoints New ‘Head of Region’ for the US, Canada

In this role, Rob Schroeder will oversee all of material handling, port, earthmoving and agriculture tire business in the US and Canada.

Continental Rob Schroeder
Transtar Industries Continues Rapid Product Line Expansion 

The company is now offering OE recycled engines, in addition to its expansive line of OE recycled transmissions and transfer cases.

Other Posts

Mitchell 1’s ‘Thank You Thursdays!’ Sweepstakes Announced

One winner of a $100 gift card will be named each Thursday for 10 weeks on the Mitchell 1 Facebook page. 

Mitchell 1’s ‘Thank You Thursdays!’ Sweepstakes Announced
Eaton Names Senior Vice President and Controller

Adam Wadecki currently serves as senior vice president of internal audit.

Eaton Names Senior Vice President and Controller
University of the Aftermarket Encouraging Registration for Data Standards Course

This live, two-day educational program is open to anyone who works with the aftermarket standards ACES and PIES, or who would benefit from developing a general knowledge base on them.

CAPA Elects New Members to Board of Directors, Tech Committee

The Certified Automotive Parts Association announced the election of four members to its board of directors and three members to its technical committee.