As predicted, for the month of February 2020, total vehicle miles traveled (VMT) by U.S. drivers continued a downward trend as estimated by data from the U.S. Department of Transportation and studies conducted by Openbay. This trend will most likely flatten through March 2020 based on historical trends and any unforeseen events. VMT for the month of February is estimated at 232 million miles, having near zero growth when compared to the same period a year ago, and 1.6% lower than the same period three years ago.
Demand for automotive services on Openbay continued to be strong given its partnerships with national brands and with access to millions of vehicle owners. Openbay compiled a list of the top automotive services requested on its marketplace for February 2020.
Top 7 vehicle makes and models requesting service during February 2020 in rank order:
|Rank||Vehicle Make||Avg. Year||Top Models (in rank order)|
|1||Toyota||2011||Camry, Corolla, Priu, RAV4|
|2||Honda||2011||Accord, Civic, CRV, Odyssey, Pilot|
|3||Ford||2011||Fusion, Escape, Focus, Explorer, F-150|
|4||Nissan||2013||Altima, Sentra, Rogue, Maxima|
|5||Chevrolet||2011||Malibu, Cruze, Equinox, Impala|
|6||Jeep||2011||Grand Cherokee, Patriot, Compass|
|7||Hyundai||2013||Sonata, Elantra, Santa, Accent|
The average age vehicle requesting service on Openbay continues to trend upward to newer year models, averaging 8 years in age.
Top 9 automotive services requested during February 2020 on the Openbay marketplace, in rank order:
|Rank||Automotive Service* Requested on Openbay|
|1||Engine oil related service (oil changes, oil pan repair, etc.)|
|2||Brake related services (brake pads, rotors, calipers)|
|3||Manufacturer’s recommended maintenance intervals|
|4||General diagnostic – problem encountered, check engine light|
|5||Suspension (wheel alignment)|
|6||Transmission (Fluid and filter changes, slipping)|
|7||Tire and wheel assembly related|
* Services listed indicate ‘original services’ selected by the vehicle owner when service request was entered on the Openbay platform. Additional services may have been added to the original service request or completed service.
Total annual vehicle operating costs are directly related to total vehicle miles driven
It’s a known fact, the more miles a vehicle travels the higher the cost of operation. These costs include fuel and general maintenance and repairs performed on the vehicle. Depending upon the year of the vehicle and the type of vehicle, fuel consumption and general maintenance and repair costs can vary.
Openbay is here to help vehicle owners and business owners of auto service centers
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