market data Archives - Page 5 of 11 - Tire Review Magazine
Avg. Vehicle Age in the US Up to 12.2 Years

The average age of light vehicles in operation (VIO) in the U.S. rose to 12.2 years this year, increasing by nearly two months over the prior year, according to new research from S&P Global Mobility (formerly the automotive team at IHS Markit). This is the fifth straight year the average vehicle age in the U.S.

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Rising Gas Prices Impacting Driving, Say 78% of Americans

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, an overwhelming majority (78%) say rising gas prices are now impacting daily driving. Over half (54%) of Americans say

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The 2023 Auto Care Factbook Is Now Availabe

The Auto Care Association‘s 32nd edition of the “Auto Care Factbook” is now available on the Auto Care Digital Hub. This year’s factbook report provides more new data, including insight on how the auto care industry has fared following the COVID-19 pandemic, the latest consumer and industry trends, expanded international market performance and more, the association says. Despite the

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Fleet Tire Market to Outpace Overall Tire Market to 2026

Fleet tire consumption is growing along with population and middle-class expansion regardless of the economic and transportation setbacks related to COVID-19. Thanks to the shift in mobility that is taking place to 2026 and beyond, which includes greater efficiencies in commercial transport and the use of car- and ride-sharing fleets for personal transportation, the fleet

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EV Consideration May Be Up But Skepticism Still Exists

Auto shoppers in America are more likely than ever before to consider buying a fully electric vehicle, and new EV entries are responsible for much of the added consideration. These new entries, many from long-established vehicle manufacturers, are turning EV skeptics into likely EV considerers, according to the J.D. Power 2022 U.S. Electric Vehicle Consideration

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EVs Mean Meeting Unique Customer Demands for Tire Dealers

As fuel efficiency, climate change and gas prices become of significant importance to consumers, the adoption and interest in alternatively-fueled vehicles are increasing. While the electric vehicle (EV) market is relatively small today, it is expected to grow rapidly over the next decade in both the plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles

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Economic Indicators Influencing Auto Repair

Independent repair shop owners and tire dealers often have two prime factors guiding their business philosophies – where do the cars come from and where can I get the parts/tires? Taking a step back from the micro-level of analysis on how these questions affect you can often reveal some interesting facts about how they affect

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Smithers Answers Three Burning Last-Mile Truck Tire Questions

Look at your window for an hour and, while your across-the-street neighbors are bound to wonder what’s wrong with you, you’re bound to spot a handful of last-mile delivery vehicles on their way to drop more cardboard at their next destination. UPS, FedEx, Amazon, DHL and the likes are all growing their last-mile operations, and

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NPD Says Tire Sales Maintain Traction Despite Higher Prices

While average selling prices within the total auto aftermarket increased 14% in 2021, compared to 2019 (pre-pandemic), prices for consumer replacement tires grew 13%, according to the NPD Group (NPD).  Despite elevated prices and altered driving behaviors, unit demand for tires neared pre-pandemic levels in 2021, says NPD.   Tire sales volume swings in the modern trade

Survey Finds Americans Support Right to Repair

Consumer Reports released findings from a nationally representative survey about consumer attitudes toward repairing and replacing broken products and the choices available to them. A strong majority of Americans expressed support for policies that would help ensure consumers have the ability to repair their own products or to have them repaired by the servicer of

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Infrastructure Bill, Ukraine Crisis Will Affect OTR Industry

The news of Russia invading Ukraine, the labor shortage and the effects of the $1.2 trillion infrastructure bill were on the tire industry’s mind last Thursday, as the OTR side of the business gathered for the 2022 OTR Conference, held at the Hilton Sandestin Beach Golf Resort & Spa in Destin, Florida. So, how will

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Gallery: 2022 TIA OTR Tire Conference

The first in-person event for many since the pandemic, the Tire Industry Association‘s 2022 OTR Conference saw a year of record attendance at this year’s event in Destin, Florida. In its 67th year, the OTR Conference mixed educational sessions and fun with industry peers as attendees were able to gain a deeper understanding of the

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