The Auto Care Association on June 9 released its award-winning and industry-leading online publications, the 2022 Auto Care Factbook and the 2022 Auto Care Factbook & Lang Annual.
The annual reports are the go-to source for automotive aftermarket industry data and include critical insight for aftermarket businesses to make informed, data-based decisions for the future.
This 31st edition of the Auto Care Factbook report provides new data and insight on how the auto care industry fared from the COVID-19 pandemic, emerging consumer and industry trends, international market performance and more.
While the total U.S. auto care industry size took a hit in 2020, the industry fared better than forecasted and is now expected to be a $477 billion industry by 2024.
Industry shifts during COVID-19 have presented new opportunities for the aftermarket, including increased e-commerce growth, increased delays in vehicle maintenance; an increase in the average age of vehicles in operation, an increase in vehicle miles driven nearing pre-pandemic levels and more.
In this 142-page Auto Care Factbook report, readers will find:
- New e-commerce section including trends and sizing of this important aspect of the aftermarket including penetration and product category performance standouts (pg. 61)
- Expanded data and insights on hybrid, electric and fuel cell vehicles including adoption rates, replacement rates for selected parts, registrations and state incentive data (pg. 86)
- Expanded medium and heavy duty vehicle data including vehicle counts, proportions, registrations and demand by distribution channel and growing component subgroups (pg. 68)
- Expanded replacement rate data, from 94 to 184 parts and jobs (pg. 56)
- Expanded international section, including highlights of the Mexican, Chilean and Vietnamese aftermarkets, including VIO and other pertinent stats (pg. 120)
- Guidelines on how to use TrendLens™ to interactively compare data series with our trend comparison tool
- And more. View the full table of contents here.
The 2022 Auto Care Factbook also provides Auto Care Association members access to...