From AftermarketMatters.com Edmunds expects pent-up consumer demand and rising inventory levels to support new vehicle sales, forecasting that 14.8 million new cars will be sold in 2023. The forecast, drawn from Edmunds data, represents a 7% increase from their estimate…
From AftermarketMatters.com Fort Wayne, Ind.—Vehicle average age is a mainstay of estimating the aftermarket potential of a vehicle population. Despite its wide use, Lang Marketing in a recent analysis argues that average age is “out of touch with key aftermarket…
From Aftermarket Matters By the end of the decade, “significant changes” will have occurred in the Do-It-For-Me (DIFM) share held by each of the three major consumer generations: Millennials, Gen Xers, and Baby Boomers. Lang Marketing’s latest consumer research breaks…
From Aftermarket Matters Fort Wayne, Ind.—Over the past six years, eCommerce light vehicle auto parts sales have soared in the U.S. The disruptive aftermarket impact of COVID-19 in 2020 and last year’s rebound in the car and light truck product…
From Aftermarketmatters.com Hoffman Estates, Ill.—The road to electrification has been repeatedly foretold by automotive industry watchers. Yet, significant questions remain about how the transformation will take place, how long it will take, and what will accelerate — or just as…
From Aftermarket Matters Fort Wayne, Ind.—Mobile repair currently represents only a small portion of the Do-It-For-Me (DIFM) market, but it is growing at an “explosive rate,” according to a new study. As the DIFM light vehicle market decreased during 2020…
From Aftermarket Matters Orlando, Fla.—New survey data from AAA finds that drivers are making significant changes to cope with record pump prices. Almost two-thirds (64%) of U.S. adults have changed their driving habits or lifestyle since March, with 23% making…
FROM AFTERMARKET MATTERS Fort Wayne, Ind.—Nearly 10 million cars and light trucks were not scrapped in the U.S. from 2016 through 2021 due to vehicle scrappage rates averaging one-fifth lower than during the previous 10 years, according to a recent report from Lang Marketing. Virtually all vehicles…
From Aftermarket Matters Nashville, Tenn.—As Americans continue to navigate an evolving economic environment, new data from Hankook Tire’s Gauge Index reveals the impact of these pressures on everyday driving. The latest survey found: Just as driving frequency approached pre-pandemic norms,…
Centreville, Va.—Catalytic converter thefts have soared in recent years. So just how prevalent is catalytic converter theft? The National Insurance Crime Bureau, which tracks thefts reported to insurance companies, says the number of those reports increased about 977 percent from 2018…
