Auto Care Insider Volume 111 - 11

The Auto Care Factbook 2019

ƒ Updated "Key Economic Indicators
2014 - 2018" by Northwood University

ƒ An extended Industry Forecast
through 2021 by IHS Markit

German

Korean

3.0%

3.8%

ALL OTHER STATES

27.3%
U.S. Auto Care Industry

2.5%

MASSACHUSETTS

PENNSYLVANIA

3.2%

ILLINOIS

CALIFORNIA

VIRGINIA

The U.S. auto care industry consists of the light vehicle,
2.7%
medium and heavy-duty truck markets. HavingNORTH
weathered
CAROLINA
the 2008-2009 economic downturn, this $392 billion
industry is expected 5.2%
to reach $433 billion by 2021. The
TEXAS
5.3%
Source: Auto
Care Factbook 2019
automotive
sector is expected to lead the upturn with
FLORIDA
sales of $326.7 billion by 2021, followed by the medium
and heavy-duty market with $106.6 billion in sales.
This forecast is the product of the Auto Care Association
Global Registrations by Region
and Automotive Aftermarket Suppliers Association (AASA)
Channel Forecast Model. The Channel Forecast Model
is predicting a 3.4 percent(4.2%:
compounded
2016 v. 2017)annual growth
for the auto care industry through 2021. By comparison,
nominal GDP growth should peak in 2019 at 5.5 percent
before cooling a bit in the outbound years through 2021.

Year-Over-Year Growth of the U.S. Automotive Aftermarket

# Estimated *Forecast

3.6%

4.3%

'14# '15# '16# '17#

'18*

3.2%

'13#

3.4%

'12

Census

4.2%

Percent Change from Previous Year

3.4%

700

ƒ An update on the Canadian Automotive
Aftermarket recap by DesRosiers
Japanese

38.7%

3.1%

775

ƒ Updated "U.S. and Global Aftermarket
Dynamics" by Northwood University

Domestic

NEW YORK

3.7%

850
ƒ An updated Hybrid Vehicles Summary
and Vehicle Operating Costs

Updated
Global
'10 '11 '12
'13 Registration
'14 '15 '16 '17
summary by IHSSource:
Markit
Auto Care Factbook 2019

4.3%

3.2%

ƒ Updated U.S. New and Total Vehicle
925
Registrations by IHS Markit

THOUSANDS OF TECHNICIANS

ƒ Updated Consumer Profiles for DIYDIFM demographics, IMR Insights on
millennial light maintenance DIYers,
Reasons Why consumers choose
DIY and DIFM outlets, DIY Propensity
and shop averages, Replacement
Rates, and Delayed Maintenance 1000

ƒ
'09

WASHINGTON

The auto care industry experienced a mild decline in sales
during the 2008-2009 economic downturn. But starting in
5.5%
32.9%
26.2%to strong
5.7%
2012, the 29.7%
industry rebounded
annual
growth (see
EUROPE
MIDDLE EAST
SOUTH
ASIA
NORTH
chart below). While thisAMERICA
growth rateAMERICA
slowed AND
to 3.1
percent in
AFRICA
2017, it is projected
to average 3.4 percent through 2021 (see
Source: Auto Care Factbook 2019
page 12 of the Auto Care Factbook 2019 for more details).

ƒ An updated "Global Automotive
'17 Aftermarket Review" by Jefferies

'08

3.9%

Growth Rate of the U.S. Motor Vehicle
Auto Care Industry

ƒ Updated Program and Retail
Distribution Summaries

'07

4,395,571as of Jan. 1, 2018

1,329,245,675

ƒ The latest trends on Supply, Demand
and CAGRs for Technician Employment

'16

Hybrid Registrations by State

2.8%

2018

For the past 28 years, the Auto Care
Association's Auto Care Factbook
has built a reputation for providing
comprehensive industry data and analysis
as the cornerstone for making sound,
data-based strategic business decisions.
The newest edition of the Auto Care Factbook
highlights many upward trends seen in
today's $392 billion auto care industry:
increases in consumer confidence and
spending (even with higher gas prices),
vehicle miles travelled (VMT), average hourly
wages and more than 50,000 new jobs added
to the industry during the past year. In the
Auto Care Factbook 2019 - the industry's
must-have resource for business - readers
can explore the following highlights:

'19*

'20*

'21*

Sources: Auto Care Factbook 2019

Others

autocare.org

11


http://www.autocare.org/factbook19 http://www.autocare.org

Table of Contents for the Digital Edition of Auto Care Insider Volume 111

No label
Auto Care Insider Volume 111 - No label
Auto Care Insider Volume 111 - Cover1
Auto Care Insider Volume 111 - Cover2
Auto Care Insider Volume 111 - 1
Auto Care Insider Volume 111 - 2
Auto Care Insider Volume 111 - 3
Auto Care Insider Volume 111 - 4
Auto Care Insider Volume 111 - 5
Auto Care Insider Volume 111 - 6
Auto Care Insider Volume 111 - 7
Auto Care Insider Volume 111 - 8
Auto Care Insider Volume 111 - 9
Auto Care Insider Volume 111 - 10
Auto Care Insider Volume 111 - 11
Auto Care Insider Volume 111 - 12
Auto Care Insider Volume 111 - 13
Auto Care Insider Volume 111 - 14
Auto Care Insider Volume 111 - 15
Auto Care Insider Volume 111 - 16
Auto Care Insider Volume 111 - 17
Auto Care Insider Volume 111 - 18
Auto Care Insider Volume 111 - 19
Auto Care Insider Volume 111 - 20
Auto Care Insider Volume 111 - 21
Auto Care Insider Volume 111 - 22
Auto Care Insider Volume 111 - 23
Auto Care Insider Volume 111 - 24
Auto Care Insider Volume 111 - 25
Auto Care Insider Volume 111 - 26
Auto Care Insider Volume 111 - 27
Auto Care Insider Volume 111 - 28
Auto Care Insider Volume 111 - Cover3
Auto Care Insider Volume 111 - Cover4
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