market data Archives - Page 4 of 11 - Tire Review Magazine
Tire Market Predictions for 2023

Welcome to Rolling With The Numbers, where we present you with data that gives tire dealers information to keep their tire businesses rollin’, based on research conducted with our independent tire dealer audience and beyond. This week, we’re taking a closer look at indicators in the automotive aftermarket that should help us to predict where

AAPEX 2022: Popular General Sessions Return

The AAPEX Show will again offer two free general sessions on the top automotive trends from 11 a.m. to noon at The Venetian Expo in Las Vegas. On Nov. 1, Todd Campau, associate director of Aftermarket Solutions at S&P Global Mobility, will share his annual overview of key industry trends and new insight affecting the

IMR Data: More Independent Repair Shops Know Private Label Brand Parts

IMR Inc. has released its latest insight, an update from its 2021 insight on the importance of private label and national branded parts at independent repair shops. As of August 2022, more parts purchasers at independent repair shops reported knowing what brand was in the private label box (20.8%) compared to 2021 (19.6%), with purchasers

Tire Dealers Tell Us How They’re Dealing with Price Increases

On this week’s episode of Rolling with the Numbers, we’re taking a closer look at how you, our tire dealer audience, are handling the rising cost of tires. Look, we’re all feeling it. The price of goods just isn’t what they used to be in the good ol’ days… meaning, like, a couple of years

Consumers Won’t Cut Corners with Vehicle Maintenance, Survey Says

According to Hankook Tire‘s latest Gauge Index, a survey of Americans’ attitudes and opinions about driving, rising prices have many finding ways to cut back. However, the survey found that there is one expense consumers are not willing to be cheap with: car maintenance. The latest survey found that when it comes to vehicle maintenance,

IMR Research Shows Impact of EV Service at Independent Shops

IMR released an update with new insight on its research on how battery and hybrid electric vehicle service is impacting independent repair shops. Between June 1-30, IMR says it interviewed 500 independent repair shops in the U.S. to update its original findings from 2021 on trends relating to service exposure in independent repair shops to

Tire Dealers Tell Us How They’re Dealing with the Supply Chain Strain

On this week’s episode of Rolling With The Numbers, we’re taking a closer look at how you, our tire dealer audience, are handling supply chain issues. A necessity for any industry dealing with manufacturing and transporting, the supply chain can be tamed with the right tools. The automotive aftermarket is itself a provider of many

New Hankook Gauge Data: 77% of Americans Will Road Trip This Year

With summer travel well underway, Hankook Tire has released new data from its Gauge Index about how Americans are traveling. Though Hankook found that gas prices are impacting how frequently Americans are driving, the data reveals that most Americans (77%) expect to take a road trip between now and the end of the year – with

White Paper Shows Women’s Role in Solving Tech Shortage

TechForce Foundation recently released a new white paper addressing the role that women techs can play in solving the ongoing technician workforce shortage. “Women Techs: Solving the Tech Shortage Problem” goes into detail on how the automotive, aviation, diesel, collision, motorsports and other transportation industry sectors can recruit and retain women technicians and offer professional

If the Data is Right: What the Latest Numbers Mean for Tire Shops

I’m going to state the obvious: There’s a lot of data out there. What’s not always so obvious is how that data relates to your tire business. Like, consider data surrounding how is the supply chain recovering from pandemic-fueled disruptions. Does recovery mean more tires are on the way to your showrooms? And what about

J.D. Power: New-Vehicle Prices Remain High, Inventory Flat

New-vehicle retail sales for June 2022 are expected to decline when compared with June 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 965,300 units, a 18.2% decrease compared with June 2021 when adjusted for selling days. New-vehicle retail sales in

What Do the VMT Tea Leaves Say About Tires and Service?

Vehicle miles traveled, or VMT, tells us how much all those vehicles out there are actually being used, indicating how many miles are put on odometers all across the country. Tire dealers should care about this particular statistic because it directly relates to the wear and tear on those vehicles, especially tires. This past March,