Light trucks soared to 56 percent of light vehicles at mid-year 2020, up one-tenth in share over 2010.
Posts tagged as “Lang Marketing”
Trend underscores need for all types of DIFM outlets to expand capabilities to repair foreign nameplate cars and light trucks, as numbers will top 50 percent of U.S. VIO in 2021.
Total aftermarket product sales will record a strong rebound from Covid-19, though this rising tide will not salvage sinking sales position of domestic cars and light trucks, Lang Marketing reports.
Mileage in 2021 will post a significant gain over last year, but it will take some time before annual driving returns to pre-2020 levels, according to Lang Marketing.
The technology and infrastructure present challenges for driverless cars, though driverless big-rig trucks will become more likely in the next five years, according to study.
As the aftermarket is becoming more sensitive to economic changes and variations in consumer income and purchase activity, it is becoming less recession resistant, report finds.
Covid strengthens retail auto parts stores' DIY market; retail has also "greatly expanded" its product share in DIFM market at jobbers' expense over last 10 years.