Looking at the automotive aftermarket industry, the overriding fundamentals remain: people are driving more, the weather is favorable for maintenance and appearance, and the industry has experienced dollar growth for each month of 2015 thus far. Whether it is an aging vehicle or brand new car, the categories supported by these vehicle segments are experiencing strong growth*.
Dollar sales of performance chemicals, a category traditionally driven by aging vehicle maintenance, grew 6 percent in August. Complete fuel system cleaners grew 8 percent – a major contrast to what has been seen over the past year. Other top growing segments include power steering fluid, oil stabilizers, and brake cleaners, which contributed a combined $1.2 million in growth to the category.
Unit sales reached 17.5 million for new cars in the 12 months ending August 2015**, the highest level since 2005, which could be driving growth in the appearance chemicals category (+5 percent). This category includes scratch removers (+18 percent), detailers (+15 percent), carpet/fabric care (+13 percent), and protectants (+5 percent).
Up 12 percent, the air fresheners category ranked #1 for dollar volume growth in August. Vent/clip on fresheners grew 21 percent and contributed the bulk of the dollar growth.
Items within the refrigerants and accessories category were heavily promoted all summer. The category overall experienced an 11 percent lift in dollar sales. In particular, a/c charging kits grew 12 percent and contributed nearly half of the total dollar volume gains for the category in August.
Old, new, clean, cool… Regardless of what phase your vehicle is in, a positive story continues to be told for various automotive aftermarket categories.
*Source: The NPD Group, Inc. / Retail Tracking Service, 4 weeks ending August 29, 2015 versus same weeks in 2014
**International Business Times: ‘August 2015 US New Auto Sales: Americans Shrug At Global Market Volatility, Buy Cars At The Highest Pace In A Decade’
Food Summit 2021
Presentation: Food Summit 2021
Date: April 15
Time: 2pm - 4pm CT
Description: Join NPD for our 14th Annual Food Summit. This virtual event will explore the accelerated trends fast forwarding us five years into the future. This event is open to leaders in the food, foodservice and home industries.
NGA ENGAGE: Driving Growth Strategies
Presentation: Driving Growth by Understanding The Why Behind the Buy
Presenter: David Portalatin, Senior Vice President and Food Industry Advisor
Date: May 17, 2021
Time: 10:30 am E.T.
Description: There is a significant amount of attention focused on food and beverage shoppers inside of grocery stores, but research shows that shoppers make most of their purchasing decisions before they ever enter the store. Understanding these habits and practices and the needs that drive them is critical information for retailers and manufacturers seeking to create successful strategies to drive growth. Geared to food retailers, wholesalers, and manufacturers, this session will explain and demonstrate the value of taking a holistic view of the grocery shopper by understanding behaviors like need states, health concerns, and meal dynamics that influence their purchasing decisions.