What the work-from-home culture means for US vehicle miles traveled and can its recovery sustain?
Vehicle miles traveled in the US recovered substantially in 2021 and 2022 so far. We look at the key factors supporting the revival, potential headwinds in its path, and the impact on aftermarket opportunities.
Vehicle miles traveled (VMT), which refers to the total annual miles of vehicle travel in a state or an urbanized area, is often looked at as a key indicator for the aftermarket. In addition to being a primary indicator of travel for policymakers and transportation professionals, VMT can be leveraged to derive opportunities for the vehicle service and maintenance sector.