Overheard: Consumers Are Spending On Their Current Cars

2022-08-20 03:22:42 By : Ms. rebecca luo

According to the Census Bureau, spending at auto parts, accessory and tire stores in June was up 11.1% over June 2021.

Bruce is the Audience Insights Manager at Babcox Media.

Data Did You Know: While it remains hard to buy a new car, consumers are spending lots of money on their existing vehicles. According to the Census Bureau, spending at auto parts, accessory and tire stores in June was up 11.1% over June 2021. Some of that increase is due to inflation, but as the chart below shows, sales have stayed consistently higher since the end of the lockdown.Advertisement

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