Auto Care Association Expands TrendLens™ Market Performance Analysis Capabilities with New Industry Indicators Data
BETHESDA, Md. – October 24, 2024 – The Auto Care Association today announced the 
addition of four new economic industry indicators to its TrendLens™ interactive data platform. The introduction of these new data points further enhance the data platform’s value for automotive aftermarket businesses. These latest additions enable users to monitor overall employment numbers and average wages, offering a more comprehensive view of the maintenance and repair sector.
By utilizing these new insights, professionals in the auto care industry can better observe and analyze current market trends, enabling them to strategically position their company’s products for the months ahead. TrendLens™ continues to be the go-to resource for staying ahead of industry shifts.
New to the TrendLens™ platform are four additional Economic Indicators:
Refinish Paints (2013 = 100) - PPI: This indicator tracks the price changes of refinishing paints used in automotive repairs, reflecting trends in costs associated with vehicle maintenance and repair in the aftermarket. (Source: Department of Labor)
Cooling Degree Days [Regional]: In the automotive context, this indicator can influence the demand for air conditioning repairs and services. It measures temperature variations that affect vehicle cooling needs, impacting service demand patterns. This data is available on both national and regional scale (four major regions) for the United States. (Source: Energy Information Administration)
Truck Transportation (2004 = 100) – PPI: This measures price changes in truck transportation, which is crucial for the distribution of aftermarket parts and services. Rising costs can indicate broader economic trends affecting logistics in the automotive sector. (Source: Department of Labor)
Nonrevolving Consumer Credit: This indicator reflects consumer borrowing for vehicle-related and other purchases that require fixed payments, offering insights into consumer spending habits in the automotive aftermarket. (Source: Federal Reserve Board)
The addition of these four industry indicators now brings the TrendLens™ platform to over 50 key data points that can be utilized to make better, informed business decisions.
Access to the Auto Care TrendLens™ interactive data platform is included with an active Auto Care Association membership.
See TrendLens™ in action and book a demo to explore how the powerhouse data platform can address your individual business needs at autocare.org/trendlens.