Auto Care Insider Volume 102 - 27
BUSINESS CONFIDENCE INCREASES AMONG
AFTERMARKET BUSINESS LEADERS
Results of the joint Business
Confidence Index for July 2016 show
that aftermarket business leaders
had a more confident outlook on the
automotive aftermarket but not the
economy over the next 12 months,
reports the Auto Care Association
and Northwood University.
Auto Care Association members
completed the 67th monthly index
survey and according to the data:
business leaders on the high side of
"slightly less confident" for the ninth
time in the last 12 months (see Table
2). Aftermarket industry leaders have
been bearish on the U.S. economy
for five of the first seven months
of 2016, seemingly validating the
disappointingly low growth in U.S.
GDP for the first two quarters of 2016
as well as the fourth quarter of 2015.
The overall Auto Care Association/
Northwood University Automotive
Aftermarket Economic Confidence
Index for July 2016 stood at -3.57,
up from the June reading of -11.84
(see Chart 2), keeping aftermarket
CHART 1: Auto Care Association/Northwood University
Business Confidence Index
20
Significantly Less Confident
-100 to -51
Slightly Less Confident
-50 to -1
No Change
0
Slightly More Confident
JULY
Position:
15.18
1 to 50
Significantly More Confident
51 to 100
TABLE 2: Auto Care Association/
Northwood University
Economic Confidence Index
NUMERIC
RANGE
ASSESSMENT
Significantly Less Confident
-100 to -51
Slightly Less Confident
JULY
Position:
-3.57
-50 to -1
No Change
0
Slightly More Confident
1 to 50
Significantly More Confident
51 to 100
CHART 2: Auto Care Association/Northwood University
Economic Confidence Index
3.57
8.20
Jan '16
-11.84
-20.42
-16.67
Jul '16
Jun '16
May '16
Apr '16
Mar '16
Feb '16
Nov '15
Oct '15
Sept '15
Jul '15
-25
Aug '15
Jul '16
Jun '16 0
Apr '16
May '16
Mar '16
Feb '16 0
-20
-3.57
-5.14
7.69
-2.78
-14.06
-11.20
Dec '15
1.30
-8.82
15.18
14.29
13.42
12.91
12.10
-10
-15
Jan '16
Dec '15
Nov '15
Oct '15
Sept '15
Jul '15
Aug '15
5
0
-5
5.77
11.11
10.94
13.40
5
16.18
18.34
10
10
0
NUMERIC
RANGE
ASSESSMENT
The 68th monthly installment of the
survey was sent to members on Aug.
10, 2016. Results are calculated monthly
and reported in Auto CarE-news.
Member responses will be used solely
in the aggregate and for the purpose
of providing empirical information.
For more information, contact Auto
Care Association market intelligence at
301-654-6664 or Dr. Timothy G. Nash,
Northwood University, at 989-837-4323.
These indices are prepared monthly
by Dr. Nash and Northwood University
aftermarket major, Matt Fusco.
The overall Auto Care Association/
Northwood University Automotive
Aftermarket Business Confidence
Index for July 2016 was 15.18, up
from the June reading of 0.00 (see
Chart 1), keeping aftermarket leaders
on the lower side of the "slightly more
confident" category (see Table 1).
15
TABLE 1: Auto Care Association/
Northwood University
Business Confidence Index
www.autocare.org
27
http://www.autocare.org
Table of Contents for the Digital Edition of Auto Care Insider Volume 102
Auto Care Insider Volume 102 - Intro
Auto Care Insider Volume 102 - Cover1
Auto Care Insider Volume 102 - Cover2
Auto Care Insider Volume 102 - 1
Auto Care Insider Volume 102 - 2
Auto Care Insider Volume 102 - 3
Auto Care Insider Volume 102 - 4
Auto Care Insider Volume 102 - 5
Auto Care Insider Volume 102 - 6
Auto Care Insider Volume 102 - 7
Auto Care Insider Volume 102 - 8
Auto Care Insider Volume 102 - 9
Auto Care Insider Volume 102 - 10
Auto Care Insider Volume 102 - 11
Auto Care Insider Volume 102 - 12
Auto Care Insider Volume 102 - 13
Auto Care Insider Volume 102 - 14
Auto Care Insider Volume 102 - 15
Auto Care Insider Volume 102 - 16
Auto Care Insider Volume 102 - 17
Auto Care Insider Volume 102 - 18
Auto Care Insider Volume 102 - 19
Auto Care Insider Volume 102 - 20
Auto Care Insider Volume 102 - 21
Auto Care Insider Volume 102 - 22
Auto Care Insider Volume 102 - 23
Auto Care Insider Volume 102 - 24
Auto Care Insider Volume 102 - 25
Auto Care Insider Volume 102 - 26
Auto Care Insider Volume 102 - 27
Auto Care Insider Volume 102 - 28
Auto Care Insider Volume 102 - Cover3
Auto Care Insider Volume 102 - Cover4
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