ACA Releases New Market Insights
April 24, 2020—In the inaugural edition of Market Insights with Mike, Mike Chung, director, market intelligence, Auto Care Association, highlighted trends in vehicle miles driven and launched a survey to learn about the impact of COVID-19 on the aftermarket, according to a press release.
In this new piece, Mike highlights the results from the survey. Traffic continues to stay at nearly 50 percent below their levels in late February. INRIX reports that the drop in vehicular traffic has flattened a bit in recent weeks—passenger travel was on average 48 percent lower during the week of April 4-10 than the week of Feb. 22-29.
According to INRIX, the trips have averaged from 8.70-9.40 miles, comparable to the control week (Feb. 22-29) value of 9.11 miles.
To read Chung’s full insights on how the pandemic is impacting the auto care industry, click here.