Fourth, and something we ve already seen, the pandemic has caused consumers to put off buying a new car, which will impact the average age of cars on the road. Almost 60% said the pandemic has delayed a new vehicle purchase.
But it s the last two that we re most concerned about.
According to the study, the DIY market is expected to sustain its growth as consumers feel more confident working on their cars. Additionally, there are distinct segments of the population regarding attitudes and behaviors toward vehicle repairs, parts purchasing, etc., with several larger segments becoming increasingly DIY focused - pointing towards a continued rise in retail channels and DIY repair. At the beginning of this pandemic, people were still nervous to take their car to an independent shop, which increased these stats.
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