7
BCI–ECI Summary
What Do Our Members Think? (Continued)
According to April, 2018 Results of Auto Care Association / Northwood University
Business and Economic Confidence Index
Chart 2: Auto Care Association/NU Economic Confidence Index
Chart 1: Auto Care Association/NU Business Confidence Index
Table 1: Auto Care Association/Northwood
University Automotive Aftermarket Business
Confidence Index
Assessment Numeric Range
Significantly Less Confident-100 to -51
Slightly Less Confident-50 to -1
No Change0
Slightly More Confident1 to 50
Significantly More Confident51 to 100
Current Index Position21.15
April Position:
21.15
Table 2: Auto Care Association/Northwood University
Automotive Aftermarket Economic Confidence Index
Assessment Numeric Range
Significantly Less Confident-100 to -51
Slightly Less Confident-50 to -1
No Change0
Slightly More Confident1 to 50
Significantly More Confident51 to 100
Current Index Position4.81
March Position:
4.81
Results of the joint Business Confidence Index for April
2018 show that aftermarket business leaders had a slightly
more confident outlook on the economy and the automotive
aftermarket over the next 12 months.
Auto Care Association members completed the 88th
monthly index survey and according to the data: The overall Auto Care Association/Northwood University
Automotive Aftermarket Business Confidence Index for
April 2018 was 21.15, down from the March 2018 reading
of 33.09 (Chart 1), keeping aftermarket leaders on the
medium side of the “slightly more confident” category
(see Table 1).
The overall Auto Care Association/Northwood University
Automotive Aftermarket Economic Confidence Index
for April 2018 stood at 4.81, down from the March 2018
reading of 25.74 (Chart 2), keeping aftermarket business
leaders on the low side of “slightly more confident” in
the economy as a whole in April (see Table 2). This is the
eighteenth month in a row since November 2017 that the
index has been positive.
The 89
th
monthly installment of the survey was sent to
members on April 4, 2018. Results are calculated monthly
and reported in Auto CarE-news. Member responses will
be used solely in the aggregate and for the purpose of
providing empirical information.
For more information, contact Auto Care Association
market intelligence at 301-654-6664 or Dr. Timothy G.
Nash, Northwood University at 989-837-4323. These
indices are prepared monthly by Dr. Nash and Northwood
University aftermarket major, Mr. Matt Fusco.
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