Connect with us

Trends

Pandemic Impact And Outlook On The Auto Care Industry

In the inaugural edition of “Market Insights with Mike,” Mike Chung, director, market intelligence, Auto Care Association, highlighted trends in vehicle miles driven.

Advertisement

In the inaugural edition of “Market Insights with Mike,” Mike Chung, director, market intelligence, Auto Care Association, highlighted trends in vehicle miles driven and launched a survey to learn about the impact of COVID-19 on the aftermarket. In this new piece, Chung highlights the results from the survey. 

Advertisement
Click Here to Read More
Advertisement

Traffic continues to stay at nearly 50% below their levels in late February. INRIX reports that the drop in vehicular traffic has flattened a bit in recent weeks – passenger travel was on average 48% lower during the week of April 4-10 than the week of Feb. 22-29.

According to INRIX, the trips have averaged from 8.70-9.40 miles, comparable to the control week (2/22-2/29) value of 9.11 miles.

The Auto Care Association knows that VMT is just one of many data points that can help businesses navigate current uncertainty. As a result, the association is offering free access (to Auto Care Association members) to more than 40 Economic and Industry Indicators in its interactive industry research platform TrendLens.

To read Chungs’s full insights on how the pandemic is impacting the auto care industry, click here.

Advertisement

OVERHEARD: Product Quality Ranks No. 1

What Does The Post-Coronavirus Aftermarket Look Like?

The Herman Trend Alert: Leading in the Time of COVID

#OurSharedStory: Color Your Way Calm

Advertisement

POPULAR POSTS

Newsweek Ranks Goodyear Among Greenest Big Companies

Sponsored Content

Why Trucks Are The Future Of The Aftermarket Sweet Spot

Events

Editor’s Note: AMN On Holiday

Legislative

VA Gov. Signs Vehicle Safety Inspection Program Legislation

Connect