2020 Auto Industry At-a-Glance: Key Market Indicators - Tire Review Magazine

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2020 Auto Industry At-a-Glance: Key Market Indicators

We present big picture data that sheds light on the opportunities for tire replacements and vehicle service on the U.S. vehicle population.

Tire Review Staff
By Tire Review Staff
Published:
Key-Market-Indicators-Sourcebook

In this section of the Tire Review Sourcebook, we present big picture data that sheds light on the opportunities for tire replacements and vehicle service on a robust U.S. vehicle population comprised of 289.9 million registered motor vehicles in 2020 (up from 286.8 million in 2019), according to the Auto Care Association’s Auto Care Factbook.

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Pair that with a light vehicle average age that’s at an all-time high of 11.9 years, and it’s the perfect landscape for your dealership to capitalize on necessary and overlooked maintenance, especially as our industry rebounds from the effects of the coronavirus pandemic, helping drive your profitability with every vehicle service or tire replacement performed.

Click here to view the 2020 Auto Industry At-a-Glance: Key Market Indicators in the August Tire Review digital edition.

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Phillip Kane
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After beginning his career as a paperboy, Phillip Kane went on to spend more than 25 years in some of the best-known automotive, industrial, consumer durables, distribution and banking businesses in the world. Currently, Phillip is CEO and Managing Partner of Grace Ocean, LLC a boutique advisory firm located in northeast Ohio serving clients ranging from Fortune 500 corporations to mid-market private-equity-backed firms. Phillip also acts as a Senior Advisor to Stout Risius Ross and Rothschild & Co, where he brings operational expertise to their investment banking businesses. Previously he was the Chief Commercial Officer in Key Markets at Pirelli in Milan, Italy working in their commercial truck tire business. Prior to Pirelli, Phillip spent 11 years working for the Goodyear Tire & Rubber Company. Before that, Phillip held executive roles with Genuine Parts Company (NAPA) and Snap-On, Inc. He is the author of the book, The Not So Subtle Art of Caring: Letters on Leadership from John Hunt Publishing, London. He is a contributor to Inc. Magazine and Tire Review writing on leadership issues and topics relevant to the trade and currently lives in Akron, Ohio, the rubber capital of the world.
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I’ve spoken to many representatives from manufacturers, wholesalers and retailers who report that techs, counter people, drivers and even white-collar team members have walked off the job, failed to report, or given notice, and their businesses have been impacted by these departures. This isn’t just a tire industry issue—and goes beyond the tech shortage that has plagued the industry for decades.

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