Brick-and-mortar businesses will face headwinds, while parts proliferation provides competitive opportunities for eCommerce in DIY and DIFM markets.
Posts tagged as “DIFM”
Not all major repair outlet groups, however, will share equally in the foreign nameplate DIFM market growth that is underway.
Online to offline repair could expand its potential reach to over two-thirds of the DIFM light vehicle market by 2030.
Nearly 50% of consumers indicate they have driven on their tires longer, or for more miles, than they would have in the past in order stretch tire life.
Consumers’ wallets in today’s economy, however, see higher interest rates and increasing insurance costs, priming the DIY pump and more repair decisions.
Foreign nameplate DIFM products and services will drive overall growth in the next 5 years; dealerships expected to capitalize.
Three groups will outperform four others and generate changes in key aspects of the repair market as the VIO shifts and more.
