Since the official end of the recession in 2009, consumer confidence and spending have been increasing, but working against these positive developments are rising fuel costs and a dramatic rebound in new vehicle sales. The widespread industry effects of these trends are analyzed in the new, extended IHS Global Insight Industry Forecast through 2014, featured in the Automotive Aftermarket Industry Association (AAIA) Digital Aftermarket Factbook 2012 and the Digital Aftermarket Factbook & Lang Annual 2012.
Positive reported impacts include:
- Nominal GDP growth should average over 4.6 percent annually from 2011 through 2013.
- Unemployment will decline steadily from the 9.6 percent in Q4 2010 to 7.4 percent by Q4 2013.
Negative reported impacts include:
- Increasing energy costs are helping to constrain disposable income growth, with average gas prices expected to rise over 8 percent in 2011 compared to 2010.
- Light vehicle sales should approach pre-recession levels of near 16 million units by 2013.
Analysis of these and a variety of additional positive and negative impacts, along with further details and predictions for the industry, are featured in the extended IHS Global Insight forecast section of this year’s Factbooks.
AAIA members receive a complimentary copy of the Digital Aftermarket Factbook 2012 as a member benefit, with three guest passes included. While additional copies may be purchased for $200, the non-member price is $500. The Digital Aftermarket Factbook & Lang Annual 2012 is available for $650 to AAIA members and $1,300 for non-members. To order any of these digital publications, contact member services at 301-654-6664 or visit www.aftermarket.org and click “Market Intelligence,” then click on the link for a full listing of market research products.
