IMR Releases Data on the Impact of EVs on Independent Shops
Three out of every 100 vehicles (3.1%) serviced at an average independent repair shop are BEVs while HEVs account for 6.2% of the vehicles serviced.
Specialty-Equipment Industry Sees Growth During Pandemic
Findings from the new “SEMA State of the Industry—Spring 2021” report indicate that 66% of manufacturers, 60% of distributors and 40% of retailers/installers reported increased sales compared to 12 months ago.
Auto Care Industry Expected to Grow Nearly 25%
The Auto Care Association report says that while the total United States auto care industry size took a hit in 2020, the industry fared better than forecasted and is now expected to be a $477 billion industry by 2024.
UHP Summer Segment Holds Steady
While the constant aspect of dry grip has not changed, UHP summer tires now need to also incorporate reduced road noise and even rolling resistance to address the customer’s needs of today and tomorrow.
Survey: More Americans to Use Solely Cars for Vacations
A recent survey by Bridgestone reveals that nearly four in five respondents said they feel safer in a car than on a plane, and nearly one-third said they plan to travel more than 500 miles by car this summer.
Hankook Survey Reveals U.S. Optimism for Summer Travel
Hankook found nearly half (45%) of Americans say they are driving every day, which is more than twice as many as the same time last year (20%).
Idled Driving Shouldn’t Mean Stalled Vehicle Service
There is plenty of unperformed maintenance out there for the taking – the result of undetected or neglected automotive care.
Hankook Survey Finds Drivers Neglecting Auto Maintenance
While 66% of Americans are now driving at least a few times per week, compared with just 31% in April 2020, the survey found that most drivers have not been looking after their vehicles.
SRNA Dealer Forum Addresses Market Rebound, Shipping Issues
The company’s leadership updated dealers on the outlook of the tire industry amid the pandemic and supply chain challenges, as well as gave attendees a look into SRNA’s current state of business.
Virtual AAPEX Keynote: Aftermarket is Resilient
At Virtual AAPEX, association leaders and industry executives shared a consistent message: the automotive aftermarket continues to be resilient despite crisis.
Hankook Tire: Americans to Drive More During the Holidays
Seventy-four percent of Americans plan to travel for the holidays, while, at the same time, apprehension about planning travel far in advance is on the rise.
Resilience, Ingenuity to Forge Pandemic Rebound
It’s important to have insights into various market dynamics to help hone your business strategies.
