Auto Care Association Digital Auto Care Factbook 2015 Features Extended Industry Forecast -

Auto Care Association Digital Auto Care Factbook 2015 Features Extended Industry Forecast

The Auto Care Association’s recently released Digital Auto Care Factbook 2015 and the Digital Auto Care Factbook & Lang Annual 2015 feature an extended Industry Forecast through 2017 provided by IHS Automotive, driven by Polk. With the very positive economic view for the United States, the auto care industry is expected to continue its participation in this growth cycle.
 
According to the Industry Forecast, market forces driving the auto care industry include:
 
• The long-term economic view for the United States is very positive, as the economy is expected to move beyond the protracted recovery into a more stable growth period.
 
• While the first half of 2014 is likely to remain similar to 2013 – slow employment growth and restrained consumer spending – things should accelerate in the second half of the year.
 
• The unemployment rate should fall below 6 percent during 2015 and as a result, consumer spending is expected to continue to rise and vehicle miles traveled to pick up.
 
• With both the housing market and stock markets expected to remain strong, consumer sentiment and confidence are predicted to continue their upward trend.
 
• While this growth will certainly translate into benefits for new car sales, the aftermarket should see gradually strengthening improvement during the 2012 to 2017 forecast period.
 
The forecast is the product of the Auto Care Association and the Automotive Aftermarket Suppliers Association (AASA) Channel Forecast Model and is one of the new value-added content highlights in this year’s Digital Auto Care Factbook and Digital Auto Care Factbook & Lang Annual.
 
Auto Care Association members received a complimentary copy of the Digital Auto Care Factbook 2015 as a member benefit in May, along with three guest passes. While members can purchase additional copies at $200, the non-member price is $500. The Digital Auto Care Factbook & Lang Annual 2015 is also available for $650 to Auto Care Association members and $1,300 for non-members. To order any of these digital publications, visit www.autocare.org/market-intelligence/ and download the order form or contact member services at 301-654-6664.

You May Also Like

SMP Introduces 276 New Part Numbers

Included in the release is new coverage for 77 product categories.

Standard Motor Products (SMP) has introduced 276 new part numbers since the start of the year. Included in the release is new coverage for 77 product categories, and 43 part numbers for 2022 and 2023 model-year vehicles.

Evident in this release is SMP’s continued commitment to the hybrid and electric vehicle market through its Standard and Four Seasons brands. This release includes a universal Battery Pack Charging Cord for electric vehicles, as well as a multitude of parts for hybrid vehicles. Brake Pedal Travel Sensors are now offered for several hybrid models, including the 2017-11 Lexus CT200h and 2019-2014 Toyota Highlander. Park Assist Cameras are now available for the 2012-2010 Lexus HS250h, and a Power Sunroof Motor is now available for the 2020-2013 Nissan Pathfinder. A total of 88 new Sensors, Switches, Actuators, and Connectors have also been added, including Power Door Lock Actuators, Charge Air Coolers, and Vehicle Speed Sensors, expanding SMP’s powertrain-neutral coverage.

Mitchell 1 to Hold Shop Management Workshop in Orlando

Registration now open for two-day training event.

NETSA Bets On Full House For Upcoming Convention

Largest automotive tire and service trade show in New England offers networking with peers and suppliers.

Voting for TechForce FutureTechs Rock Awards Now Open

Ten finalists will vie for more than $20,000 in prizes and scholarships.

Despite Challenges, Independent Repair Shops Grow

Shop4D Top Performing Shops Collectively Increased Annual Sales By More than 40% Year-Over-Year.

Other Posts

Registration Open for Auto Care Connect Event

Connect will bring together four of the Auto Care Association’s spring events May 21-25 in Orlando, FL.

Advance Named Official Sponsor for NTT INDYCAR Series

Advance Auto Parts will receive primary branding on the checkered flag used at all 17 INDYCAR races in 2023.

Mitchell Publishes ‘EV Collision Insights’ Report

The new report highlights EV trends impacting auto insurers and collision repairers.

Auto Care Seeks Sustainability Committee Members

The committee will encourage industry best practices in a quest to become more environmentally friendly.