The Auto Care Association's 2023 Auto Care Factbook and 2023 Auto Care Factbook & Lang Annual are now available and provide "more new data than ever," according to association officials.
The new Auto Care Factbook includes "insight on how the auto care industry has fared following the COVID-19 pandemic, the latest consumer and industry trends, expanded international market performance and more."
It also features expanded e-commerce coverage, including return rates for automotive parts versus products in other industries and "a deep dive into China's online-to-offline e-commerce ecosystem;" expanded data on electric and hybrid vehicles, including replacement rates, plus near-term adoption forecasts; and more.
In addition, the Factbook provides Auto Care Association members with access to more than 70 "of the latest numbers included in the report through the association's Auto Care TrendLens interactive data platform," which allows them to isolate specific data points and filter and overlay with other data sets to gain a more comprehensive view of the aftermarket.
“While the past year’s headlines have been a flurry of rising prices on everyday goods and services, inflation increases and supply chain shortages, the automotive aftermarket has been weathering the economic storm in the wake of the pandemic,” sys Bill Hanvey, president and CEO, Auto Care Association.
"Our industry’s ability to remain adaptable and responsive to the quickly changing needs of consumers is what has resulted in steady market growth, year after year. This year’s Factbook is the most extensive issue to-date, building upon key industry data and expanding the scope of information even further to more clearly navigate the market for the years ahead.”