Digital Auto Care Factbook 2018 - 80

Recap from Aftermarket Dynamics-AAPEX
1. Annual Average price of WTIC
Global Oil prices as measured by West Texas Intermediate Crude (WTIC) averaged well under $20 a barrel during the 1990's.
Increased global demand, inflation, and military conflict drove oil above $140 a barrel in 2008. A slowing global economy, enhanced
fuel efficiencies, and use of new technologies such as wind, solar, and especially hydraulic fracturing have increased the supply of
electricity, oil and natural gas especially in the United States. With WTIC below $52 a barrel in April 2017, long run, lower oil prices if
sustainable, should bode well for the U.S. motor vehicle aftermarket.

Annual Average Price of WTIC (2000-2016)
$140
$120
$100

$91.48

$80

$84.46

$89.84 $90.00

$71.21

$64.20
$58.30

$60
$40

$87.04

$53.56

$50.04

$51.00
$43.14

$37.41
$27.40
$23.00

$22.81 $27.69

$20
$0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Average
Average

HighHigh

Low

Low

2. Global GDP Growth
The U.S. economy has grown at a slower pace than the global average and certainly slower than of China since 2000. The U.S.
economy has grown at an average rate of 3.2% since the end of World War II, yet is growing at roughly 1.9% since the U.S. economy
began its recovery in 2009. Many experts believe that an enhanced regulatory and tax burden over the last decade is responsible for
slowing growth in the United States relative to the rest of the world.

Global GDP Growth (2000-2015)
15
9.1

10

5

0

10

10.1

11.3

12.7

14.2
9.6

9.2 10.4

9.3
7.7

2.7

3.4
1.8

3.8
2.8

4.9

4.7

3.8

3.4

5.3

5.2

4.9
3.7

3.1
2.7

0.9

1.8

4.4

-0.7

2.5

1.8

2.8

7.7

7.0

6.7

3.6

3.3

3.1

1.9

2.2

1.5

-0.3

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
-2.8

-5

World

80

China

U.S.

The 2018 Digital Factbook is Copyright © 1990 Auto Care Association and/or its licensor. 
All other rights reserved.  Use of the 2018 Digital Factbook is subject to compliance with the Legal Terms and Conditions found on page 119 of this report.



Table of Contents for the Digital Edition of Digital Auto Care Factbook 2018

Digital Auto Care Factbook 2018 - Intro
Digital Auto Care Factbook 2018 - I
Digital Auto Care Factbook 2018 - II
Digital Auto Care Factbook 2018 - III
Digital Auto Care Factbook 2018 - IV
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