Auto Care Industry Projected to Reach $405B by 2020

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June 25, 2019—The Auto Care Association today released the newest edition of its award-winning and industry-leading online publication, the Auto Care Factbook 2020 and the Auto Care Factbook Plus Lang Annual 2020. The annual research report serves as the industry’s flagship publication and an essential informational resource for the growing $405 billion United States auto care industry.

New to the publication this year are four additional areas of research, including IMR data on delayed maintenance, NPD Group data on automotive chemicals and fluids, a global automotive aftermarket estimate provided by Hanover Research and an aftermarket distribution summary.

  • In the 29th edition of Auto Care Factbook, readers will find:
  • Updated “Key Economic Indicators 2015-2019” by Northwood University;
  • The latest trends on Supply, Demand and CAGRs for Technician Employment;
  • An extended Industry Forecast through 2022 by IHS Markit;
  • *New* Aftermarket Distribution Summary;
  • An updated “Global Automotive Aftermarket Review” by Jefferies;
  • Updated Consumer Profiles for DIY-DIFM Demographics, Insights on Millennial Light Maintenance DIYers, Reasons Why Consumers Choose DIY and DIFM Outlets, DIY Propensity and Shop Averages and Replacement Rates by IMR;
  • *New* Delayed Maintenance, Market Potential and Time to Market by IMR;
  • *New* Automotive Chemicals and Fluids by NPD;
  • Updated U.S. New and Total Vehicle Registrations by IHS Markit;
  • An updated Hybrid Vehicles Summary and Vehicle Operating Costs;
  • *New* Global Automotive Aftermarket Estimate by Hanover Research;
  • Updated “U.S. and Global Aftermarket Dynamics” by Northwood University;
  • Updated Global Registration Summary by IHS Markit;

“Despite the uncertainty felt across our industry and the markets over the past year due to tariffs and trade, this edition of the Auto Care Factbook reinforces positive growth in today’s $405 billion auto care industry,” said Bill Hanvey, president and CEO, Auto Care Association. “Consumer confidence, spending and hourly wages continue to increase, and more than 41,500 industry jobs were created last year. Our association is committed to delivering resources and data to our members. The Factbook is the bedrock of that information, and we continue to evolve our resources to best serve our members’ needs.”

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