The Auto Care Association/AASA Channel Forecast Model calculates that average sales at general repair garages in 2020 were $523,334, down 4.6% from 2019. On the other hand, they calculate that sales at auto parts and accessories stores were up by 3.1% in 2020, for an average of $941,104 per store.
The data comes from the Federal Reserve Board.
Data Did You Know: The industrial production of auto parts inched up slightly from January to February, increasing by 0.14 to 91.51 (2017=100). However, that is down 13.1% from last year, the third straight month of double-digit declines. Both OEM and aftermarket parts production is measured by this index, and the data comes from the Federal Reserve Board.
According to the BodyShop Business 2022 C.R.A.S.H. report, 86% of collision shops reported that they owned a scan tool.
The Italian company earns top score for passenger cars.
An uncertain economic environment and new vehicle affordability concerns keep March 2023 auto sales steady.
Continued high-income household spending compensates for rising prices and reduced discretionary spending.
Of 13 mid-size SUVs tested, only four earned good ratings for rear passenger protection, according to IIHS.
The name conveys the company’s 360-degree, full-circle understanding of the consumer and market.
This year, there was a major increase in drivers who are afraid, rising to 68% as compared to 55% in 2022.
The U.S. automotive mobility market is expected to double to $281B by 2035, creating significant revenue opportunities.
