In this episode of DriveTime, Rick Schwartz, Co-Founder and CEO, Schwartz Advisors, talks about Schwartz Advisors’ new VIO forecast report, the SA Mobility Aftermarket Report, is designed to give the industry a clearer picture of where the vehicle fleet is headed by analyzing the VIO by powertrain rather than relying only on total vehicle count.
Schwartz said simply citing a U.S. parc nearing 290 million vehicles can be misleading without understanding the mix of internal combustion vehicles, hybrids, EVs and eventually autonomous vehicles. While total VIO growth remains modest, the average age of vehicles continues to climb, supporting aftermarket demand. With projections extending to 2050, the report is intended to help executives and investors plan for long-term structural change.