The average age of light vehicles in the United States rose 8%, from 10.9 years in 2011 to 11.8 years in 2019, and is projected to edge up to 11.9 years in 2020, according to data in the latest report jointly published by Automotive Care Association and the Automotive Aftermarket Suppliers Association.
April base oil production in the United States was 13.2% lower than the five-year running average for that month, after a similar decline in March, according to data released last week by the U.S. Energy Information Administration.
Chevron Products Co. announced a base oil distribution agreement with Argentine energy company YPF S.A., adding its second API Group II base oil hub in South America.
North American production of lubricating greases seems to have dipped from 2018 to 2019, according to a survey by the United States-based National Lubricating Grease Institute.
The U.S. Air Force Civil Engineer Center’s Environmental Quality Technical Support Branch is leading a pilot study aimed at saving money and protecting the environment by changing its oil change procedures for engines used to power key systems on Air Force bases.
Sales for oil change and lubrication shops in the United States reached an estimated $6.6 billion in 2019, up 5% from $6.3 billion the previous year, according to a joint report by the Auto Care Association and the Automotive Aftermarket Suppliers Association.
Canadian wax maker The International Group Inc. has acquired Picayune, Mississippi-based Rheogistics LLC, which supplies lubricants and mechanical stabilizers to the rigid polyvinyl chloride industry. The transaction was completed on June 12, according to a press release by investment bank and financial adviser Grace Matthews. Financial terms were not disclosed.
Twenty-three United States states and the District of Columbia sued President Donald Trump’s administration at the end of last month over its decision to scale back on aggressive automobile fuel economy targets set by Trump’s predecessor, Barack Obama.
Close to two-thirds of base oil sold by United States refiners into Mexico is transacted through brokers, according to five industry insiders, and the number is expected to increase as Mexico struggles to cope with Covid-19 and its ailing economy.
New light vehicles sales in the United States are expected to reach near 1.1 million units in May according to a recent forecast by Cox Automotive, down 33 percent from a year earlier but 49 percent higher than the previous month. The firm said those results indicate a step towards recovery from Covid-19 pandemic.