OEMs have indicated, however, that it will take sustained gas prices of greater than $5 a gallon before a big industry-wide shift in the vehicle mix.
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Electric vehicle adoption remains limited, with just 9% of car buyers planning to purchase an EV, compared to 21% opting for hybrid vehicles.
States with the most and least charging stations per EVs, highest and lowest EV populations, states with biggest EV registration increases and more.
Both companies serve the OEM and aftermarket channels; Timken's Springfield, Mo., manufacturing plant will not be among the assets included.
RELEX will help account for complex demand influences, like seasonal demand shifts, regional buying patterns, and promotion-driven spikes.
Goodyear Auto Service, Express Oil Change and Tire Engineers, and Meineke Car Care Centers rank highest in their respective segments in customer survey.
Distributors have reason to be optimistic for the likely increase in demand for parts but face significant transportation challenges in getting product to market.
