Joint Channel Forecast Model 2015 Conducted by IHS-Polk
|
|
- Avis Phelps
- 8 years ago
- Views:
Transcription
1 Joint Channel Forecast Model 2015 Conducted by IHS-Polk A collaborative effort between the Automotive Aftermarket Suppliers Association and Auto Care Association
2 About the Joint Channel Forecast Model The Automotive Aftermarket Suppliers Association (AASA), the voice of the aftermarket supplier, has partnered with the Auto Care Association to produce the 2015 Joint Channel Forecast Model. This collaboration is a joint effort to produce a single industry view of the size, growth rate and outlook for the automotive aftermarket. By taking a broad view of the aftermarket, the Joint Channel Forecast Model captures the full impact of diverse parts and pieces of the aftermarket. The market sizing and forecast is conducted on behalf of the Automotive Aftermarket Suppliers Association and Auto Care Association by IHS driven by Polk, the renowned economic and market information firm. It is based on the U.S. Census Bureau s Economic Census, IMR and Polk data, and proprietary IHS economic analysis and forecasting models. Originally the forecast was created in 2002 by the Automotive Aftermarket Suppliers Association (a division of the Motor and Equipment Manufacturers Association) and Auto Care Association.
3 Topline Aftermarket Forecast
4 Key Takeaways Automotive aftermarket is expected to grow at a compound annual growth rate of 3.6% until The automotive aftermarket is expected to increase 37.6 billion dollars from billion in 2014 to billion in Price is expected to account for approximately 80% of the average annual growth in
5 Market Total (in billions of dollars) % Change Year-Over-Year Light Vehicle Aftermarket Growth % % 4.0% % % % 0.0% % F 2016F 2017F 2018F -2.0% Note: Unless stated, totals include labor, tires, warranty, and oil.
6 Light Vehicle Aftermarket Growth Year Market Total in Billions of Retail Dollars % Change 2008E % 2009E % 2010E % 2011E % 2012E % 2013E % 2014E % 2015F % 2016F % 2017F % 2018F %
7 Historical Light Vehicle Aftermarket Growth 300,000 Market Total in Billions of Dollars 250, , , ,000 50,000 -
8 Price / Volume Split of Forecast Growth 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% F 2016F 2017F 2018F Price Volume This chart overlays IHS s aftermarket inflation expectations with its aftermarket forecast. As you can see price, rather than volume, is the main driver of aftermarket growth. Price is expected to account for approximately 80% of the average annual growth in Volume will account for only 0.8 percentage points of the 3.6% average annual growth in Note: Numbers include total market, not just supplier volume and price increases
9 Overall U.S. Inflation Versus Maintenance and Service Inflation 6.0% Consumer Price Index (CPI) vs. CPI for Motor Vehicle Maintenance & Repair 5.0% 4.0% 3.0% 2.0% 1.0% The consumer price index for motor vehicle maintenance and repair is expected by IHS to exceed that of the general economy over the next four years. 0.0% -1.0% F 2016F 2017F 2018F Consumer Price Index CPI, Motor Vehicle Maintenance & Repair
10 Independent Aftermarket Share of Total Market 71% 71% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 69% 69% 69% 68% 68% 67% 67% 68% 68% 66% F 2016F 2017F 2018F
11 Estimated Forecast Splits Methodology In the past, there has often been requests for findings from the channel forecast to be subdivided into specific industry segments, such as DIY vs. DIFM and parts vs. labor. Therefore a number of years ago, experts from industry companies and the associations determined splits based on their experience. These splits are estimates only. This split has been kept constant for many years to allow comparability. The Automotive Aftermarket Suppliers Association and Auto Care Association utilize the same market estimates and assumptions in a joint effort to produce a single industry view of the automotive aftermarket. The key assumptions for the estimated segment splits on the following pages are presented in the table below: Description Tire Sales DIFM Share Assumptions Historical data through 2013 sourced from Modern Tire Dealer. Tire sales in forecast years assumed to grow at the same pace as the overall aftermarket. = ~80% sales Therefore, please treat the data on the following slides as indicative only. The data is based on the assumptions at left, which are estimates. We recommend applying your own segment share estimates in the calculations, if available. Contact AASA with any questions. DIY Share Tire Sales Estimated Parts Share of DIFM Retail Sales = ~20% sales All tire sales and labor are assumed to fall in DIFM 55%
12 Estimated Forecast Splits (1/2) Description F 2016F 2017F 2018F Total Aftermarket DIFM vs. DIY DIFM Share ~80% ~80% ~80% ~80% ~80% ~80% ~80% ~80% ~80% ~80% ~80% DIFM Sales (includes labor) DIY Share ~20% ~20% ~20% ~20% ~20% ~20% ~20% ~20% ~20% ~20% ~20% DIY Sales Non-Tire DIFM vs. DIY (Parts & Service DIFM vs. DIY) DIFM Sales Tire Sales DIFM Sales (non-tire and including labor) DIY Sales Note: All numbers (except percentages) are in billions of dollars
13 Estimated Forecast Splits (2/2) Description F 2016F 2017F 2018F Size of the Aftermarket Parts Market - at Retail Price DIFM Parts & Service Sales (non-tire) Estimated Parts Share of DIFM 55% 55% 55% 55% 55% 55% 55% 55% 55% 55% 55% DIFM Parts at Retail Price (excluding labor) DIY Total Aftermarket Parts at Retail Price Note: All numbers (except percentages) are in billions of dollars *Note: Total Aftermarket Parts at Retail Price is the sum of DIFM and DIY Parts at Retail Price
14 Estimated Aftermarket Parts Sales at the Retail Level Total Aftermarket Parts at Retail Price
15 Alternative DIY / DIFM Split From AASA s DIFM Outlook 2025: A Dynamic Battleground Note: Total market size does not include labor, warranty, tires or oil
16 Factors Affecting Growth
17 Average Age of Light Vehicle Continues to Climb 12 Average Age of Light Vehicles in Use (Years) AASA Key Takeaway: Average age of light vehicles continues to climb and drive automotive aftermarket growth. However, may be near a peak Source: IHS-Polk
18 Jan-05 May-05 Sep-05 Jan-06 May-06 Sep-06 Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 Percent (%) U.S. Unemployment Returning to Pre- Recession Levels 12.0 U.S. Unemployment AASA Key Takeaway: U.S. Unemployment returning to lower levels helps drive end consumer demand. 0.0 Source: BLS
19 Miles Driven Back to Pre-Recession Levels 3,200 Annual Vehicle-Distance Traveled (Billion Miles) 3,000 2,800 2,600 2,400 2,200 AASA Key Takeaway: One of the biggest tailwinds the aftermarket is facing is the resurgence in annual vehicle miles traveled. After a long stagnation, miles driven is increasing and growing steady again. 2,000 Source: US DOT; data through 2/2014 (latest available as of 5/1/2014)
20 Pending U.S. Growth Slowdown 4 US Real GDP, % Change F 2016F 2017F 2018F 2019F Source: Economist Intelligence Unit
21 Appendix A: Full Data Set
22 Sales by Channel: History & Forecast Channel Sales (Millions of Dollars) F 2016F 2017F 2018F Market Total 208, , , , , , , , , , ,279 New Car Dealers 60,591 57,434 57,758 59,881 62,153 63,807 66,106 68,632 71,434 73,463 75,749 Used Car Dealers 1,677 1,663 1,758 1,812 1,834 1,859 1,888 1,931 1,981 2,023 2,069 Other motor vehicle dealers 4,461 4,420 4,559 4,765 4,983 5,223 5,473 5,751 6,048 6,271 6,499 Automotive Parts & Accessories stores 22,183 21,933 23,031 24,618 25,520 26,271 27,183 28,245 29,411 30,273 31,112 Tire Dealers 14,348 14,046 14,785 15,628 16,150 16,654 17,242 17,957 18,728 19,302 19,921 Home furnishings stores Electronics & appliance stores Home centers Paint & wallpaper stores Hardware stores Other building material dealers Lawn & garden equipment & supplies stores Supermarkets & other grocery (except convenience) stores Convenience stores Beer, wine & liquor stores Pharmacies & drug stores Other health & personal care stores Gasoline stations with convenience stores 4,075 4,061 4,197 4,374 4,540 4,724 4,914 5,111 5,374 5,565 5,766 Other gasoline stations 5,611 5,549 5,795 6,081 6,343 6,614 6,873 7,250 7,692 7,938 8,200 Clothing & accessories stores Sporting goods stores Book, periodical & music stores Conventional department stores (excl. leased depts) Discount or mass merchandising dept stores (excl. leased depts) 2,758 2,724 2,789 2,839 2,877 2,914 2,963 3,031 3,099 3,160 3,223 Warehouse clubs & superstores 8,483 8,684 9,341 10,015 10,527 11,214 11,796 12,414 13,094 13,596 14,141 All other general merchandise stores ,016 1,074 1,135 1,180 1,226 Miscellaneous store retailers Electronic shopping & mail-order houses 4,242 4,351 4,639 5,015 5,368 5,762 6,178 6,617 7,081 7,501 7,927 Fuel dealers Other direct selling establishments General automotive repair shops 31,684 32,064 33,567 35,006 36,040 37,038 38,179 39,585 41,445 42,619 43,923 Automotive exhaust system repair specialists 1,377 1,391 1,453 1,527 1,590 1,650 1,712 1,776 1,860 1,930 1,997 Automotive transmission repair specialists 2,659 2,719 2,883 3,025 3,143 3,263 3,379 3,497 3,655 3,773 3,893 Other automotive mechanical & electrical repair & maintenance 2,153 2,164 2,306 2,399 2,460 2,513 2,570 2,629 2,715 2,789 2,859 Automotive body, paint & interior repair & maintenance 23,256 23,534 24,622 25,753 26,356 26,948 27,484 28,216 29,199 29,915 30,663 Automotive glass replacement shops 3,079 3,102 3,252 3,408 3,514 3,614 3,707 3,835 4,000 4,135 4,274 Automotive oil change & lubrication shops 4,631 4,600 4,886 5,083 5,288 5,458 5,693 5,927 6,234 6,486 6,751 Carwashes 5,384 5,404 5,612 5,843 6,025 6,158 6,372 6,615 6,936 7,147 7,382 All Other automotive repair & maintenance 1,110 1,114 1,171 1,221 1,272 1,307 1,349 1,400 1,468 1,508 1,557 Personal & household goods repair & maintenance Wholesalers 1,951 1,946 2,034 2,129 2,189 2,254 2,306 2,368 2,444 2,511 2,588
23 Appendix B: Background, Assumptions and Contact Information
24 Background In 2002, DRI-WEFA (now IHS) developed a model to provide a complete historical and forecast database of light duty automotive aftermarket sales by channel of distribution. Initiated as a joint project of MEMA (AASA) and Auto Care Association, the original model was intended to determine the dollar value of motor vehicle aftermarket sales through the various channels of distribution. The resulting data gave the automotive aftermarket a single point of reference to anchor the various estimates of its size. The project consultant is IHS. IHS is considered a leader in economic and financial analysis, forecasting, and market intelligence for more than 40 years ( The Channel Forecast Model uses the 1997, 2002 and 2007 U.S. Economic Census data to determine the present (nominal) dollar value of sales at end user prices for each of the automotive aftermarket s channels of distribution and totals the channels to provide a complete market overview. The automotive aftermarket, as it is defined for this project, consists of all non-warranty, retail sales of parts, accessories, and services for light vehicles. Included are retail sales of paint, tools and equipment for repairs (including for collision repair), trim and interior products, vehicle restorations, replacement glass and tires. The automotive segment of the aftermarket includes the replacement parts, accessories, chemicals, tires and non-warranty service for passenger cars and light trucks. The model accounts for the potential doublecounting of revenue by including only those sales that are classified as sales made to the general public. Using the 2012 Economic Census data as a base, the model: Estimates values of Economic Census results for those years that are not covered by the report. Forecast out, through 2018, the values of the census data. Included in the estimated/forecasted values referenced above are a set of 41 motor vehicle aftermarket s channels of distribution agreed upon for use as the set of NAICS subcategories. These 41 channels are all the categories from the Census that displayed automotive sales. There are four main sources of data used as inputs in the model are (1) U.S. Economic Census data; (2) R. L. Polk & Co.; (3) Industrial Marketing Research Inc.; (4) IHS. Baseline data for this model are the 1997, 2002 and 2007 Economic Census data. From this baseline data, the remaining three sources are used as drivers for the model. The Census survey provides information on sales by both product line and NAICS codes, all of which are released every five years. Due to the volume of information collected, it takes the Census Bureau approximately four years to release the data following the reporting year. As a result of this, the results from the 2012 Economic Census are unlikely to be incorporated into the model until Industrial Marketing Research (IMR) provides data from their Continuing Consumer Auto Maintenance Survey, which provides replacement rate data broken out by 27 ML/RL (product codes) for 10 types of vehicles, by age. This survey is conducted at the end of each quarter and includes 100,000 participants and approximately 187,000 vehicles, annually. R. L. Polk provides ACA with vehicle registration (parc data) each year. This data is lagged by one year, but is not a result of sampling. The data is broken into 10 vehicle classes and vintage. IHS s data is a combination of proprietary data and macroeconomic data that pertains to the automotive aftermarket industry and includes unit sales of cars and light trucks, a variety of CPI indices, retail sales for different automotive related channels, etc. This data is used as the initial demand driver within the model and acts as the primary forecast drivers. 24
25 Assumptions Model Review: The most recent Economic Census data was incorporated into the model during the 2012 update. The complete set of relevant data from the study won t be released until The most significant historical changes within this current forecast refer to the results for The table below highlights the growth projection for 2014 from last year s forecast for the total aftermarket as well as three of the largest sales channels. The three channels shown make up over 50% of total aftermarket sales. Our previous forecast for 2014 total aftermarket sales growth was 3.1%. Our new forecast has revised that growth upwards, to the current value of 3.5%. The revisions were fairly balanced across the major channels. While new vehicle sales came in above our estimate, total vehicles in operation exceeded our forecast as well. More importantly, the labor force grew faster than expected and combined with lower gas prices to result in an increase in miles driven that was much higher than forecast. Forecast Assumptions: The long-term economic view for the United States remains very positive. Most of the direct benefits to consumer spending from lower gasoline prices have already been injected into the economy. Multiplier effects and the increased buying power from lower inflation will drive a continuation of this growth. Trade impacts and falling industrial investment will restrain GDP growth despite strong underlying consumer demand. Employment growth continues to boom, which may spur interest rate hikes but that is not expected to have a material effect on the economy s 2015 growth momentum. The consumer outlook for the next two years is looking brighter due to elevated levels of consumer confidence, lower energy prices, housing market improvement, and stronger income support. Market Forces Driving the Aftermarket: While 2015 has gotten off to a slow start, full year Nominal GDP growth should reach 4% for the year, and is forecast to average 4.4% annually from 2015 through Disposable income growth is expected to grow at a similar rate of 4.5% during the forecast period, which is the highest four-year stretch of disposable income growth since ten years prior. New vehicle sales are expected to come in just under 17 million units in 2015, a level not seen since That will result in an average of over million vehicles sold annually from 2013 to 2015, which is a three-year average not seen since prior to the recession. By the close of 2014, the 252 million vehicles on the road just topped the pre-recession high of From 2014 to 2018, the total vehicles in operation should increase nearly 10% to just under 277 million vehicles. The addition of 25 million vehicles to the fleet will come while the mix of vehicles continues to shift. While vehicles 12+ years old are predicted to increase 15%, those 5-11 years old will decline by 21% as the new to 5 year segment will grow 32%. The average vehicle age remains unchanged at 11.4 years. The significant fall in gas prices that began in late 2014 was driven by a combination of over-supply and weakened demand. As a result, gas prices are expected to remain depressed through the forecast period, with the average gas price not expected to return to the $3/gallon range until late In the 3 months of November 2014 to January 2015, nominal consumer spending on gasoline fell by $100 billion, resulting in a significant consumer dividend that has helped spur overall consumption. Total miles driven increased 1.7% in While miles driven was trending up slightly throughout 2014, when gas prices started to fall the miles traveled figure started to accelerate its climb, with December 2014 and January 2015 numbers each up 5% compared to the previous year. With gas prices expected to remain low, combined with a steadily increasing labor force, total miles traveled should return to steady growth rates in the 2% range. With the driving age population expected to increase 1% annually, vehicle miles per capita will finally start to see growth again. Continued growth in new vehicle sales and rising disposable income should benefit the dealer and retail channels within the aftermarket. A rising labor force and falling gas prices have been a boon to vehicle miles traveled, but long-term demographic problems remain. The labor force participation rate (those working or looking for work) remains at levels not seen since the late 1970s and while it should increase slightly through 2018, it is not expected to top levels seen as recently as 2012 as baby boomers retire out of the work force. There is also a demographic shift, as those baby boomers are reducing their vehicle fleet and usage at a faster rate than millennials are increasing theirs. Total Aftermarket Sales (% change) New Car Dealer Sales (% change) Auto Parts Stores (% change) General Auto Repair (% change) 2015 Update Estimate Final 3.1% 3.5% 3.0% 3.6% 3.3% 3.5% 2.6% 3.1% The IHS forecast for total US aftermarket sales calls for growth of 3.9% in Coming on the heels of an upward revision to 2014, the 2015 aftermarket sales is expected to exceed $256 billion. Growth should accelerate further in 2016 before cooling a bit in 2017 and Total aftermarket sales will reach $284 billion by The long term growth from 2015 to 2018 will be 3.5% annually. Retail sectors are expected to see the largest growth during the forecast period, increasing their share of overall sales by 0.3 points. Revenue through the dealer channels is expected to grow at a 3.4% annual rate, same as for the service channels. The service sector is forecast to top $100 billion in revenue in 2017 and reach $103 billion by The dealer channel will exceed $84 billion in 2018 while the retail sector will come in at just over $96 billion. 25
26 Contact Information Bailey Overman Senior Analyst Industry Analysis and Member Services Automotive Aftermarket Suppliers Association (AASA) Office: Krysta Messier Analyst/Coordinator Industry Analysis and Member Services Automotive Aftermarket Suppliers Association (AASA) Office: Shane Norton Director IHS Consulting Office:
Strong New Vehicle Sales: Headwind or Tailwind for the Aftermarket? June 2013
Strong New Vehicle Sales: Headwind or Tailwind for the Aftermarket? June 2013 AASA Thought Leadership: Strong New Vehicle Sales: Headwind or Tailwind for the Aftermarket By Paul McCarthy and Bailey Overman
More informationLocal Ad Dollars 2013 What Business Categories Are Spending and Where. Wednesday, June 19, 2013
Local Ad Dollars 2013 What Business Categories Are Spending and Where Wednesday, June 19, 2013 Introduction & Agenda Welcome, and thank you for joining us Trends from our Media Ad View Plus Forecast Nationwide
More informationBusiness Overview (NAICS) By Type of Business Employees (NAICS) Establishments (NAICS)
10 mi 25 mi 50 mi Business Overview (NAICS) Total: Employees 17,066 22,377 48,289 Total: Establishments 1,888 2,798 6,333 Total: Payroll (NAICS)($mil) $616 $794 $1,789 Total: Retail Sales (NAICS)($mil)
More information2012 Methodology Statement: Esri Data Retail Marketplace. An Esri White Paper March 2013
2012 Methodology Statement: Esri Data Retail Marketplace An Esri White Paper March 2013 Copyright 2013 Esri All rights reserved. Printed in the United States of America. The information contained in this
More informationCREDIT UNION TRENDS REPORT
CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics June 2 (April 2 data) Highlights During April, credit unions picked up 3, new memberships, credit union loan balances grew at an annualized 1.7% pace,
More informationFranchise Business Economic Outlook for 2015
Franchise Business Economic Outlook for 2015 Prepared for: International Franchise Association Educational Foundation By: IHS Economics January 2015 About IHS Economics IHS Economics is one of the leading
More informationThe Future of Retailing in UK to 2015
Brochure More information from http://www.researchandmarkets.com/reports/1533374/ The Future of Retailing in UK to Description: Synopsis This report provides uniquely detailed data on the size and development
More informationRegional Competitive Industry Analysis
Regional Competitive Industry Analysis Crook, Deschutes, and Jefferson Counties May 2014 Jefferson Deschutes Crook Michael Meyers, Economist (503) 229-6179 Michael.Meyers@biz.state.or.us Global Strategies
More informationItem 7.1, September 10, 2002
Item 7.1, September 10, 2002 SUBJECT: AMENDMENT TO SMALL BUSINESS LOAN PROGRAM TO ASSIST DOWNTOWN AND NEIGHBORHOOD BUSINESS DISTRICTS BUILDING OWNERS AND TENANTS RECOMMENDATION It is recommended that the
More informationCollege Park Latitude: 28.571156 Edgewater Dr & W Princeton St, Orlando, FL 32804 Longitude: -81.38947 Ring: 1.5 Miles
Site Map 2010 ESRI 3/03/2011 Page 1 of 1 Traffic Count Map College Park Edgewater Dr & W Princeton St, Orlando, FL 32804 Latitude: 28.571156 Longitude: -81.38947 Source: 2010 MPSI Systems Inc. d.b.a. DataMetrix
More informationStrategic Analysis of the US Fleet and Vehicle Lease Market Recovery from Financial Crisis Generating Strong Growth
Strategic Analysis of the US Fleet and Vehicle Lease Market Recovery from Financial Crisis Generating Strong Growth February 2014 Contents Section Slide Number Executive Summary 4 Research Scope, Objectives,
More informationThe Future of Retailing in Philippines to 2015
Brochure More information from http://www.researchandmarkets.com/reports/1578887/ The Future of Retailing in Philippines to Description: Synopsis This report provides uniquely detailed data on the size
More informationHow To Understand The Retail Marketplace
2014 Methodology Statement: Esri Data Retail MarketPlace An Esri White Paper September 2014 Copyright 2014 Esri All rights reserved. Printed in the United States of America. The information contained in
More informationConsumer Spending. Version. Purpose. Content. Release 2015B November, 2015
Version Purpose Release 2015B November, 2015 The Consumer Spending datasets consist of both the Consumer Expenditure and Retail Potential databases. The consumer expenditures cover most major household
More information#ILMEast #ILMQ (Q&A s)
#ILMEast #ILMQ (Q&A s) Forging Strategic Partnership with Our Clients We view ourselves as your partner, offering valuable services and products you can use for your benefit. 2 Clients asked for Detailed
More informationOBSERVATION. TD Economics. COMPARING AND CONTRASTING CANADIAN AND AMERICAN CONSUMERS Some Stylized Facts
OBSERVATION TD Economics December 18, 213 COMPARING AND CONTRASTING CANADIAN AND AMERICAN CONSUMERS Some Stylized Facts A recent trend over the past decade has been a greater push for companies to span
More informationCooperating with Customers On Warranty & Reverse Logistics: Taking the Pain Out of Warranty Returns
Cooperating with Customers On Warranty & Reverse Logistics: Taking the Pain Out of Warranty Returns Automotive Aftermarket Suppliers Association July 2015 Delivered by UPS : Taking the Pain Out of Warranty
More informationCurrent Employment Statistics Highlights
Current Employment Statistics Highlights Detailed Industry Employment Analysis Contents Trade Trade Transportation,, Current Employment Statistics Highlights October Release Date: November, Prepared by
More informationMarket Analysis for Main Street
Ulster County Main Streets: A Regional Approach Ulster County Planning Department, 244 Fair Street, Kingston NY 12401 Why do we take a regional approach to Main Streets? There are many different approaches
More informationCANADA AND U.S. AUTO SALES: ROOM FOR FUR- THER GROWTH? October 2014. Factors supporting the U.S. sales outlook: Employment Growth
93619 CANADA AND U.S. AUTO SALES: ROOM FOR FUR- THER GROWTH? October 2014 Canadian and U.S. auto sales have strengthened significantly from recession lows. Canadian new motor vehicle sales have surprised
More informationForecasts of Macroeconomic Developments, State Revenues from Taxes and Revenue from Other Sources, 2013-2014
Ministry of Finance Chief Economist - Research, State Revenue and International Affairs June 2013 Forecasts of Macroeconomic Developments, State Revenues from Taxes and Revenue from Other Sources, 2013-2014
More informationWHOLESALE/RETAIL PETROLEUM SIC CODES TO NAICS CODES For more detail information go to: http://www.census.gov/epcd/www/naicstab.htm
WHOLESALE/RETAIL PETROLEUM SIC CODES TO NAICS CODES For more detail information go to: http://www.census.gov/epcd/www/naicstab.htm North American Industry Classification System (NAICS) The North American
More informationPrivate sector wage and salary workers 2 Government workers 3 Self-employed workers 4. Number Percent Number Percent Number Percent Number Percent
Total 106 100.0 88 100.0 11 100.0 7 100.0 Goods producing 45 42.5 44 50.0 -- -- 1 14.3 Natural resources and mining 13 12.3 13 14.8 -- -- -- -- Agriculture, forestry, fishing and hunting -- -- -- -- --
More informationShort-Term Energy Outlook Supplement: Summer 2013 Outlook for Residential Electric Bills
Short-Term Energy Outlook Supplement: Summer 2013 Outlook for Residential Electric Bills June 2013 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 This report
More informationREPORT OF THE MAINE STATE REVENUE FORECASTING COMMITTEE
REPORT OF THE MAINE STATE REVENUE FORECASTING COMMITTEE December 2013 Michael Allen, Chair Associate Commissioner for Tax Policy James Breece University of Maine System Melissa Gott State Budget Officer
More informationAre we being asked to pay enough to support our national highway and transit network?
Are we being asked to pay enough to support our national highway and transit network? Highlights: Last year, the average American driver traveled 11,400 miles in their car or light truck, bought 529 gallons
More informationGauging Current Conditions: The Economic Outlook and Its Impact on Workers Compensation
August 2014 Gauging Current Conditions: The Economic Outlook and Its Impact on Workers Compensation The exhibits below are updated to reflect the current economic outlook for factors that typically impact
More informationUS Economic Outlook. How long will the ride last? IHS ECONOMICS. US Outlook
IHS ECONOMICS US Outlook US Economic Outlook How long will the ride last? December 2014 ihs.com Douglas Handler, IHS Chief US Economist, +1 781 301 9283, doug.handler@ihs.com US Economic Overview 2 Executive
More information1997 NAICS Agriculture, Forestry, Fishing and Hunting Mining Utilities
11 1997 NAICS Adult Entertainment Business Agriculture, Forestry, Fishing and Hunting 111 Crop Production 1114 Greenhouse, Nursery & Floriculture Production L M H MHR CSC NC LNC OPD DD PUD Mixed A-1 L1
More informationMassachusetts Department of Revenue. Briefing Book FY2015 Consensus Revenue Estimate Hearing. December 11, 2013. Presented by: Amy Pitter COMMISSIONER
Massachusetts Department of Revenue Briefing Book FY2015 Consensus Revenue Estimate Hearing December 11, 2013 Presented by: Amy Pitter COMMISSIONER Kazim P. Ozyurt DIRECTOR OFFICE OF TAX POLICY ANALYSIS
More informationThe President s Report to the Board of Directors
The President s Report to the Board of Directors May 5, 2015 CURRENT ECONOMIC DEVELOPMENTS - May 5, 2015 Data released since your last Directors' meeting show that economic growth continued to slow in
More informationUS Automotive Market Outlook Economic Outlook Commentary
US Automotive Market Outlook Economic Outlook Commentary March 2014 About Equifax Equifax is a global leader in consumer, commercial and workforce information solutions that provide businesses of all sizes
More informationThe Recession of 2007 2009
The Recession of 2007 2009 February 2012 A general slowdown in economic activity, a downturn in the business cycle, a reduction in the amount of goods and services produced and sold these are all characteristics
More informationwww.coastalsecuri es.com 1 800 489 3232
WEEKLY ECONOMIC COMMENTARY WEEK OF OCTOBER 30, 2015 The Federal Reserve s policy meeting caused a bit of a stir in the financial markets this week. To be sure, no one expected the Fed to take any overt
More informationFort McPherson. Atlanta, GA MSA. Drivers of Economic Growth February 2014. Prepared By: chmuraecon.com
Fort McPherson Atlanta, GA MSA Drivers of Economic Growth February 2014 Diversified and fast-growing economies are more stable and are less sensitive to external economic shocks. This report examines recent
More informationNewport, U.K. September 19-24, 2011. Maintenance and Repair of Motor Vehicles. Greg Peterson Statistics Canada
26 th Voorburg Group Meeting Newport, U.K. September 19-24, 2011 Maintenance and Repair of Motor Vehicles Greg Peterson Statistics Canada 1. Introduction Motor vehicle repair and maintenance services in
More informationUtah Family Energy Costs as Percentage of After-Tax Income
Energy Cost Impacts on Utah Families, 2009 Energy prices, high unemployment, and stagnant incomes are straining the budgets of Utah s middle class, and impoverishing lower-income families. In 2009, Utah
More informationThe following reports were prepared independent of the
september 2012 173 APPENDIX H Independent Analysis of Economic Forecasts and Sales Tax Revenue The following reports were prepared independent of the Wake County Transit Plan, but are included here for
More informationCanadian Consumer Credit Trends. Q3 2013 Prepared by: Equifax Analytical Services
Canadian Consumer Credit Trends Q3 2013 Prepared by: Equifax Analytical Services About Equifax Inc. Equifax is a global leader in consumer, commercial and workforce information solutions that provide businesses
More informationHispanic Immigration and US Economic Growth. James Gillula Managing Director
IHS economics Hispanic Immigration and US Economic Growth February 2015 ihs.com James Gillula Managing Director About IHS Economics IHS Economics is a global leader in economic analysis and forecasting.
More informationReporting Guide. 2005 Annual Retail Store Survey. Help Line: 1 888 881-3666
Unified Enterprise Survey Annual 2005 Annual Retail Store Survey Si vous préférez recevoir ce document en français, veuillez téléphoner au numéro sans frais suivant : 1 888 881-3666. Reporting Guide This
More informationCURRENT ANALYSIS May 2014
CURRENT ANALYSIS May 14 A Look at the Recovery of the Canadian Auto Sector since the 08-09 Recession Chart 1: Motor vehicle production and Canada & US auto sales millions of units 3. Canadian car & truck
More informationThis guide is designed to provide additional information for completing the questionnaire.
Unified Enterprise Survey Annual Reporting Guide: 2003 Annual Retail Store Survey Si vous préférez recevoir ce document en français, veuillez téléphoner au numéro sans frais suivant : 1 888 881-3666. This
More informationGenesee/Shiawassee Michigan Works!
Genesee/Shiawassee Michigan Works! 711 N. Saginaw St Flint, Michigan 48503 810.233.5974 March 13, Highest Ranked Industries Report Shiawassee Country Economic Modeling Specialists, Int. www.economicmodeling.com
More informationCREDIT UNION TRENDS REPORT
CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics July 2 (May 2 data) Highlights First quarter data revisions were modest. The number of credit unions was revised down by and assets and loans were
More informationThe Fuel and Vehicle Trends Report January 31, 2014
ISSN 1948-2388 The Fuel and Vehicle Trends Report This report is a summary of the latest fuel prices and other oil industry key statistics. In addition, this report provides the latest trends in vehicle
More informationMBA Forecast Commentary Joel Kan
MBA Forecast Commentary Joel Kan Mortgage Originations Estimates Revised Higher MBA Economic and Mortgage Finance Commentary: February 2016 In our most recent forecast, we presented revisions to our mortgage
More informationIndustry Sector Analysis
Industry Sector Analysis Growth, Core, and Competitive-Advantage Industries Southeast Michigan Macomb, Monroe, Oakland, St. Clair and Wayne Counties A Regional Profile Prepared by: Michigan Department
More informationDecember 2015 Lutgert College Of Business 10501 FGCU Blvd. South Fort Myers, FL 33965 Phone 239-590-7090 www.fgcu.edu/cob/reri
Southwest Florida Regional Economic Indicators December 2015 Lutgert College Of Business 10501 FGCU Blvd. South Fort Myers, FL 33965 Phone 239-590-7090 www.fgcu.edu/cob/reri Table of Contents Introduction:
More informationContact details: Bill Daddi Daddi Brand Communications Inc, Phone: 646-370-1341 917-620-3717 Email: Bill@DaddiBrand.com
Press Information Contact details: Bill Daddi Daddi Brand Communications Inc, Phone: 646-370-1341 917-620-3717 Email: Bill@DaddiBrand.com Kantar Media Reports U.S. Advertising Expenditures Increased 6.4
More informationDriving shopper engagement through digital technology
Driving shopper engagement through digital technology Third annual study of the impact of digital technology on the retail landscape. June 2015 The habits of many retail shoppers are changing. Some key
More informationThe U.S. and Midwest Economy in 2016: Implications for Supply Chain Firms
The U.S. and Midwest Economy in 2016: Implications for Supply Chain Firms Rick Mattoon Senior Economist and Economic Advisor Federal Reserve Bank of Chicago Right Place Supply Chain Management Conference
More information3 LEGS OF THE MOTOR FUEL INDUSTRY
3 LEGS OF THE MOTOR FUEL INDUSTRY LEG 1: PETROLEUM EXPLORATION LEG 2: OIL REFINING LEG 3: FUEL MARKETING GASOLINE MARKET SCENARIO #1 OIL COMPANY / OIL REFINER Owns or Controls Retail Property (Franchisor)
More informationWORLDWIDE RETAIL ECOMMERCE SALES: EMARKETER S UPDATED ESTIMATES AND FORECAST THROUGH 2019
WORLDWIDE RETAIL ECOMMERCE SALES: EMARKETER S UPDATED ESTIMATES AND FORECAST THROUGH 2019 Worldwide retail sales including in-store and internet purchases will surpass $22 trillion in 2015, up 5.6% from
More informationRegional Competitive Industry Analysis
Regional Competitive Industry Analysis Clackamas, Multnomah, and Washington Counties May 2014 Washington Multnomah Clackamas Michael Meyers, Economist (503) 229-6179 Michael.Meyers@biz.state.or.us Global
More informationCanadian Consumer Credit Trends. Q3 2015 Prepared by: Equifax Analytical Services
Canadian Consumer Credit Trends Q3 2015 Prepared by: Equifax Analytical Services About Equifax Inc. Equifax is a global leader in consumer, commercial and workforce information solutions that provide businesses
More informationDRAFT. All NAICS. 3-Digit NAICS BP C 3 P 76 X 0 BP C 0 P 0 X 2 OC C 29 P 44 X 35 OC C 0 P 0 X 2 MH C 96 MH C 8 P 37 X 62 P 1107 X 587
All NAICS 3-Digit NAICS BP C 3 P 76 X 0 OC C 29 P 44 X 35 MH C 96 P 1107 X 587 BP C 0 P 0 X 2 OC C 0 P 0 X 2 MH C 8 P 37 X 62 ML C 66 P 958 X 772 ML C 4 P 34 X 69 A. Resource Uses. 11 Agriculture, Forestry,
More information2014 Kern County. Economic Forecast. California
214 Kern County Economic Forecast California Economic Forecast March 26, 214 Bakersfield, California The 214 Kern County Economic Forecast Volume 1 March 214 Prepared for: Kern Economic Development Corporation
More informationANNUAL FINANCIAL PROFILE OF AMERICA S FRANCHISED NEW-CAR DEALERSHIPS. 2014 www.nada.org/nadadata
ANNUAL FINANCIAL PROFILE OF AMERICA S FRANCHISED NEW-CAR DEALERSHIPS 2014 www./nadadata Overview NADA Data 2014 the annual financial profile of America s franchised new-car dealerships shows a robust and
More informationE-commerce 2008. Sector Highlights
E-commerce 2008 In 2008, e-commerce grew faster than total economic activity in three of the four major economic sectors covered by the E-Stats report. However, change over time in the e-commerce share
More informationE-commerce 2000 Note to readers Explanatory Notes B-to-B E-commerce Explanatory Notes
E-commerce 2000 This latest edition of E-Stats provides a snapshot of e-commerce activity for key sectors of the U.S. economy for 2000 and revises previously released data for 1999. The data are collected
More informationSupplier Strategies for e-tailing Success A Fresh Look at e-tailing, Online Shopping And the Aftermarket
A Fresh Look at e-tailing, Online Shopping And the Aftermarket Automotive Aftermarket Suppliers Association November 2015 Delivered by UPS A Fresh Look at e-tailing, Online Shopping and the Aftermarket
More informationEconomic and Electricity Demand Analysis and. Comparison of the Council s 1995 Forecast to Current Data
Economic and Electricity Demand Analysis and Comparison of the Council s 1995 Forecast to Current Data By Debbie Hollen, Research Associate, BPA 1 September, 21 Introduction Energy is a critical component
More informationChapter 12: Gross Domestic Product and Growth Section 1
Chapter 12: Gross Domestic Product and Growth Section 1 Key Terms national income accounting: a system economists use to collect and organize macroeconomic statistics on production, income, investment,
More informationPersonal debt ON LABOUR AND INCOME
ON LABOUR AND INCOME Personal debt Although the economy and population are almost times the size of s, the two countries show several similarities. Both have relatively high per-capita income and living
More informationThis is a licensed product of Ken Research and should not be copied
1 TABLE OF CONTENTS 1. The US Used Car Industry Introduction 2. The US Used Car Market Size, 2006-2011 2.1. By Revenue, 2006-2011 2.2. By Units Sold, 2006-2011 2.3. By Late Model Sales, 2006-2011 3. The
More informationMarket Analysis Retail Housing Office [CITY OF BERLIN MARKET ANALYSIS] City of Berlin, Wisconsin
2013 Market Analysis Retail Housing Office [CITY OF BERLIN MARKET ANALYSIS] City of Berlin, Wisconsin Executive Summary Berlin is a community of roughly 5,500 residents, located along the Fox River in
More informationFranchise Business Economic Outlook for 2014
Franchise Business Economic Outlook for 2014 Prepared for: International Franchise Association Educational Foundation By: IHS Global Insight April 7, 2014 About IHS Global Insight IHS Global Insight is
More information07 14 BUSINESS-CYCLE CONDITIONS Gas Prices Not a Risk to Growth by Robert Hughes, Senior Research Fellow
7 14 BUSINESS-CYCLE CONDITIONS Gas Prices Not a Risk to Growth by Robert Hughes, Senior Research Fellow Gas prices 15 percent jump in six months may be painful at the pump but is moderate by historical
More informationUpon closer analysis, however, there are circumstances when renting a car instead of driving your own may indeed be the economically wise choice.
Summary The decision to rent a vehicle vs. using the one in your garage for a weekend getaway is often shaped by such factors as the need for a different size or a more attractive appearance. But when
More informationMeeting with Analysts
CNB s New Forecast (Inflation Report II/2015) Meeting with Analysts Petr Král Prague, 11 May, 2015 1 Outline Assumptions of the forecast The new macroeconomic forecast Comparison with the previous forecast
More informationHW 2 Macroeconomics 102 Due on 06/12
HW 2 Macroeconomics 102 Due on 06/12 1.What are the three important macroeconomic goals about which most economists, and society at large, agree? a. economic growth, full employment, and low interest rates
More information5. Price and Wage Developments
. Price and Wage Developments Recent Developments in Inflation Inflation rose in the December quarter, following a low September quarter outcome (Table.; Graph.). Indicators of underlying inflation increased
More informationCompressed Natural Gas Study for Westport Light Duty, Inc. Kelley Blue Book Irvine, California April 3, 2012
Compressed Natural Gas Study for Westport Light Duty, Inc. Kelley Blue Book Irvine, California April 3, 2012 2 Overview Westport Light Duty is part of the Westport Innovations company, a leader in the
More informationAlternative Media Research Series II: Alternative Advertising & Marketing Outlook 2006. Executive Summary
Alternative Media Research Series II: Alternative Advertising & Marketing Outlook 2006 Executive Summary June 2006 Table of Contents 1. Definitions: Alternative Media vs. Traditional Media. 5-11 2. Executive
More informationThe Numbers Tell the Story. Jeremy Aguero Preview Las Vegas 2015
The Numbers Tell the Story Jeremy Aguero Preview Las Vegas 2015 #2 Population growth in the nation #2 Nevada 1.71% Nevada population 2,843,301 #1 North Dakota 2.16% #3 Texas 1.70% Source: United States
More informationTHE STATE OF THE ECONOMY
THE STATE OF THE ECONOMY CARLY HARRISON Portland State University Following data revisions, the economy continues to grow steadily, but slowly, in line with expectations. Gross domestic product has increased,
More informationExam 1 Review. 3. A severe recession is called a(n): A) depression. B) deflation. C) exogenous event. D) market-clearing assumption.
Exam 1 Review 1. Macroeconomics does not try to answer the question of: A) why do some countries experience rapid growth. B) what is the rate of return on education. C) why do some countries have high
More informationTHE FUTURE OF THE CAR BODY REPAIR MARKET IN THE UK 2012-2017
THE FUTURE OF THE CAR BODY REPAIR MARKET IN THE UK 2012-2017 Published by: Trend Tracker Limited 116 High Street, Chapmanslade, Westbury Wiltshire, England, BA13 4AW Tel: 0870 421 4350 Fax: 0870 421 4351
More informationVEHICLE SURVIVABILITY AND TRAVEL MILEAGE SCHEDULES
DOT HS 809 952 January 2006 Technical Report VEHICLE SURVIVABILITY AND TRAVEL MILEAGE SCHEDULES Published By: NHTSA s National Center for Statistics and Analysis This document is available to the public
More informationSenior Loan Officer Survey 2015 Q4
21 November 215 Banking Sector Analysis Senior Loan Officer Survey 215 Q4 Filip Blazheski Not a lot of change and positive on the whole C&I and CRE loan demand still growing, but lending standards might
More informationGuide to buying a car
Where to start when buying a car? Before you get behind the wheel, it s worth taking time to research your options. From choosing between new and used cars to finding the right make and model, test driving,
More informationAnalysis of Fleet Replacement Lifecycle
Analysis of Fleet Replacement Lifecycle Project #12-14 Prepared by Office of the Inspector General J. Timothy Beirnes, CPA, Inspector General TABLE OF CONTENTS BACKGROUND... 1 OBJECTIVE, SCOPE, AND METHODOLOGY...
More information1960-61. United States
61-61 United States By, the U.S. population had surpassed 179 million, a gain of 19.0 percent from. The median age had decreased to 29.5 (28.7 for men and.3 for women), the first decline since 1900. The
More informationTHE ECONOMIC PLIGHT OF MILLENNIALS
THE ECONOMIC PLIGHT OF MILLENNIALS 6 EconSouth January April 2014 A demographic cohort is never monolithic, but the group that recently entered the labor force had one trait in common: they watched as
More informationMonthly Economic Dashboard
RETIREMENT INSTITUTE SM Economic perspective Monthly Economic Dashboard Modest acceleration in economic growth appears in store for 2016 as the inventory-caused soft patch ends, while monetary policy moves
More informationDistributive Services in the U.S. Economic Accounts
Distributive Services in the U.S. Economic Accounts Robert E. Yuskavage U.S. Department of Commerce Bureau of Economic Analysis Washington DC Paper prepared for the National Bureau of Economic Research
More informationEPA/NHTSA Phase 2 Fuel Efficiency and Greenhouse Gas Standards for Heavy-Duty Trucks: Projected Effect on Freight Costs
EPA/NHTSA Phase 2 Fuel Efficiency and Greenhouse Gas Standards for Heavy-Duty Trucks: Projected Effect on Freight Costs May 2014 Submitted to: Environmental Defense Fund 18 Tremont Street Boston, MA 02108
More informationNortheast Minnesota Labor Market Trends Pathways 2 Postsecondary Summit October 10, 2014
Northeast Minnesota Labor Market Trends Pathways 2 Postsecondary Summit October 10, 2014 Cameron Macht Regional Analysis & Outreach Manager Minnesota Dept. of Employment & Economic Development Labor Market
More informationRetail Food Price Formation in the United States
Retail Food Price Formation in the United States Richard Volpe, Ph.D. Food Markets Branch Food Economics Division ERS-USDA The 5 th Annual Meeting of the OECD FCAN October 30-31, 2013 Disclaimer The views
More information2008 Median Household Income Map by Census Tract Prepared by Ryan McDaniel, PDS Comprehensive Planning March 12, 2009
2008 Median Household Income Map by Census Tract Prepared by Ryan McDaniel, PDS Comprehensive Planning March 12, 2009 About Your Map... This map shows 2008 Median Household Income Map by Census Tract.
More informationeconomic & COnsumer credit Analytics Merchandise Line Estimates, Forecasts and ZIP Code Potential Methodology
economic & COnsumer credit Analytics Merchandise Line Estimates, Forecasts and ZIP Code Potential Methodology Merchandise Line Estimates, Forecasts, and ZIP Code Potential Methodology Historical Merchandise
More informationReport Reference Guide
Esri Business Analyst OnlineSM Report Reference Guide Table of Contents Introduction About Business Analyst Online... 1 Current-Year/Five-Year Forecast Demographic Updates... 2 How to Order Get Started
More informationWorkforce Last updated: October 2014
Workforce Last updated: October 2014 Downtown Seattle offers the region's highest concentration of jobs. Downtown Seattle has the highest employment density in Seattle. It also has a large share of jobs.
More informationConsumer Credit Report
Page 1 of 5 Consumer Credit Report Tenth District Consumer Credit Report December 2, 2015 By Kelly Edmiston, Senior Economist Average debt for Tenth District consumers, defined for this report as all outstanding
More informationBetween 1986 and 2010, homeowners and renters. A comparison of 25 years of consumer expenditures by homeowners and renters.
U.S. BUREAU OF LABOR STATISTICS OCTOBER 2012 VOLUME 1 / NUMBER 15 A comparison of 25 years of consumer expenditures by homeowners and renters Author: Adam Reichenberger, Consumer Expenditure Survey Between
More informationIntegrating Automotive and Financial Services
Integrating Automotive and Financial Services Frank Witter, CEO Volkswagen Financial Services AG Frank Fiedler, CFO Volkswagen Financial Services AG Ehra-Lessien, 11 March 2009 Agenda Financial Services
More informationExecutive Summary. 3 Attracting ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Visa Small Business REPORT AUGUST 0 Spend Insights Visa Small Business Spend Insights monitors the economic confidence of U.S. small business owners by analyzing Visa Business card spend data and responses
More information