Volume 5 Issue 39
U.S. Aftermarket Spending Forecast to Drop
September 28, 2022Automotive aftermarket selling prices in the United States – for motor oils and other products such as tires and windshield wipers – have risen 30% since 2019, according to NPD Group, but the market data provider predicts sales revenue will decline because of trends away from do-it-yourself auto care.
American EV Sales Keep Rising
September 28, 2022Registrations of new electric vehicles in the United States reached 442,788 in the second quarter, up 13% from the same period of 2021 and more than 250% over the second quarter of 2018, according to data gathered by Experian. The growing popularity of EVs weighs on potential growth for passenger car motor oil demand.
Webinar Promotes Process for Aviation Oils
September 28, 2022Tribology-by-design aims to simplify and make more efficient the development of tribological solutions involving lubricating oils and bearing and gear materials used in aviation gas turbines, an industry veteran said during a Society of Tribologists and Lubrications Engineers webinar.
From Other Editions of Lube Report
September 28, 2022Seeking New Additives for Metalworking
Briefly Noted
September 28, 2022North Charleston, South Carolina-based Ingevity Corp. announced a general price increase for its specialty grades of tall oil fatty acid – which it supplies to the lubricant and metalworking fluid markets – citing continued supply and demand imbalance for such grades. The specific level of increases will vary by market and region, and new prices will be effective Nov. 1, or as contracts allow.