NREL Forecasts 80% Drop in US Transport Emissions by 2050
NREL’s study highlights rapid adoption of zero-emission vehicles as crucial for an 80% emissions reduction.
AAPEX 2019 Spotlights Innovative Products, Vehicle Technology
AAPEX 2019 served as the world’s gathering place for automotive aftermarket professionals to conduct business, see new-product launches, participate in advanced training and learn about the hottest trends and vehicle technology.
US Aftermarket Sales Reach $297 Billion in 2018, Exceeding Forecasted Growth
The 2019 Joint Channel Forecast Model predicts that the total aftermarket sales will grow from $297 billion in 2018 to $338 billion through 2022, a 3.3% compound annual growth rate from 2018.
Auto Parts Distribution: What’s in the Cards for 2019?
As we’ve reported in recent months, the business environment looks favorable for the automotive aftermarket, and the news seems to keep getting better.
U.S. Auto Sales Poised for a Strong December, ‘Forecast-Beating Year’
A Cox Automotive forecast estimates the seasonally adjusted annual rate (SAAR) for December new-vehicle sales at 17.2 million units.
New-Vehicle Sales Will Take a Hit from Higher Prices, Interest Rates in 2019: Edmunds
On average, new vehicles are $3,000 more expensive now than they were three years ago, and car shoppers can expect to pay nearly $1,800 more in interest over the course of a five-year auto loan.
Auto Care Association Publishes Auto Care Factbook 2019 and Auto Care Factbook & Lang Annual 2019
“This edition of the Auto Care Factbook highlights many upward trends we are seeing in today’s $392 billion auto care industry,” said Bill Hanvey, president and CEO of the Auto Care Association.
U.S. Automotive Aftermarket To Grow At An Annual Rate (CAGR) Of 3.7 Percent through 2019
The 2016 Joint Channel Forecast Model, produced jointly by the Automotive Aftermarket Suppliers Association (AASA) and the Auto Care Association, also predicts that the total aftermarket sales will grow from $257.4 billion in 2015 to $296.3 billion in 2019, an increase of nearly $39 billion over the four-year period.
Global Automotive Blind Spot Detection Market to Exceed USD 3 Billion by 2019, According to Technavio
LONDON–(BUSINESS WIRE)–According to Technavio’s latest report, the global automotive blind spot detection market is likely to grow at a CAGR of over 21% during the forecast period.
Standard Motor Is Acquiring Forecast Trading
Standard Motor Products Inc. announced it has acquired all of the capital stock of Forecast Trading Corporation for approximately $44 million. Forecast has distribution facilities in Ft. Lauderdale, Fla., and distributes a range of engine management products including ignition coils, ignition modules, switches and sensors, and filters. Lawrence I. Sills, Standard Motor Products’ Chairman and Chief Executive