Overheard: 5G To Thrive In Auto, Smart Transportation Markets
The 5G technology has enabled manufacturers to deliver advanced features in vehicles today.
Overheard: Most Popular DIY Automotive Projects
According to the Auto Care Association, the do-it-yourself sector makes up about 20% of auto care sales.
Overheard: Auto Parts Production Continues Rebound
Almost 40% more auto parts were produced in September compared to 2012.
Overheard: Vehicle Miles Traveled, Year-Over-Year
Vehicle miles traveled in the U.S. in August 2020 was down 12.3% compared to August 2019 but that’s not the whole story.
Overheard: Car And Light Truck Sales Continue Rebound
For now, the sales rebound has compressed into months what took a couple of years after the 2008-‘09 recession.
Overheard: Long Distance Road Trips Increase YoY
In the first two weeks of August this year, Americans recorded nearly 12 million long-distance road trips per day.
Overheard: Pandemic Causing Some Inventory Challenges
We asked counter professionals: “Because of the pandemic, have you had problems getting inventory for your store?”
Overheard: Vehicle Miles Traveled Update
The gains are starting to come more slowly.
Overheard: Automotive Parts Sales Trendline
July sales of $8.59 billion were down 1.6% from June, but were up 8.5% over July 2019 sales.
Overheard: Whiplash Effect
Nothing may illustrate the whiplash effect of covid on the economy more than this chart.
Overheard: Cost Per Mile In 2019
According to the AAA, the cost per mile for operating a small sedan was 16.9 cents per mile in 2019.
Overheard: Independent Repair Market Share
According to the Auto Care Factbook, in 2019 the market share of independent repair facilities for auto repairs was 70%.
