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News & Insights

AftermarketInsight's daily articles keep you up to date with the most significant news, covering thirteen key topics such as eCommerce, technology, and scrappage policies - all carefully selected by S&P Global Mobility analysts.​

AftermarketInsight's monthly insight articles focus on industry topics and events that are shaping the industry, including vehicles-in-operation, distribution trends, and mergers & acquisitions. The insight articles add an S&P Global Mobility perspective based on extensive research, data analysis, and industry interviews.​

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Main content includes:

  • Daily news articles 
  • Monthly insight articles 
  • Quarterly webinars 

Latest assets for News & Insights

Alliance Automotive Group Benelux acquires Wico Autolak & Coatings and AJ Coatings
Alliance Automotive Group Benelux (AAGB), a European automotive aftermarket distributor, has announced the acquisition of Wico Autolak & Wico Coatings and AJ Coatings, to take effect June 17, according to a press release dated June 18. Both companies, renowned for their expertise in paint and non-paint products, will continue their operations under the existing management teams. This move is aimed at enhancing AAGB's national coverage in the paint and non-paint division and solidifying th...
News
Akebono expands its disc brake pad kits line
North America’s Akebono Brake Corp., part of Japanese brake and friction material firm Akebono Brake Industry Co. Ltd., has announced that it has expanded its ProACT and severe duty ultra-premium disc brake pad line with nine new part numbers, according to a press release dated May 31. The company said premium stainless steel abutment hardware is included in the kits that require it. The company offers a complete listing of its applications for these parts and the rest of its product offeri...
News
Automotive retailer Lithia & Driveway says Q1 2024 revenue $8.6 billion, up 23% YOY
Lithia & Driveway (LAD), an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, announced that its first quarter 2024 revenue increased 23% to $8.6 billion from $7.0 billion in the first quarter of 2023, according to a press release dated April 24. The company’s net income for the first quarter was $165 million, a 28% decrease compared to net income of $230 million in the same period of 2023. In terms of quarter-over-...
News
MEMA announces formation of Aftermarket Suppliers CEO Council
The Motor & Equipment Manufacturers Association (MEMA) Aftermarket Suppliers, an association in North America representing motor-vehicle component manufacturers, has announced the formation of the Aftermarket Suppliers CEO Council, according to a press release dated March 27. Exclusively for top aftermarket leaders, the council brings together executives from the automotive, commercial vehicle and remanufacturing sectors, the release added. MEMA said its networking groups are consisten...
News
Blink Charging partners with ChargeHub to expand EV access
Blink Charging Co., a US-based company in the electric vehicle charging sector, announced a partnership with ChargeHub, aiming to allow the customers of both entities access and convenience, according to a press release dated Nov. 12. Through this agreement, Blink's public EV charging stations will become accessible to users connected via ChargeHub's Passport roaming hub, thereby linking Blink chargers with ChargeHub's expansive network. ChargeHub, known for its substantial roaming connect...
News
Snap-on releases diagnostic software upgrade for Tesla vehicles
Snap-on Inc., a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for vehicle repair and other sectors, has released its latest diagnostic software upgrade, providing extensive coverage for Tesla vehicles, specifically the Model S (2012–2020) and Model X (2016–2020), according to a report by Aftermarket Matters dated Nov. 13. This update enhances Snap-on's offerings with manufacturer-level diagnostic capabilities necessary for h...
News
Valvoline announces plans to refranchise 38 service centers
Valvoline, a US-based supplier of lubricants and automotive services, has announced plans to refranchise 38 existing Valvoline Instant Oil Change service centers to a new franchisee, Velocity Auto Care, according to a press release dated Nov. 19. The service centers are located in Austin, San Antonio, El Paso and west Texas. The centers are part of a move to accelerate network growth, offering enhanced convenience for customers, opportunities for team m...
News
Halifax Group invests in Universal Air Conditioner to fuel growth
The Halifax Group, a middle-market private equity firm, announced its completion of an investment in Universal Air Conditioner (UAC), a company specializing in the design and distribution of aftermarket heating, ventilation and air-conditioning equipment for passenger vehicles, according to a press release dated Nov. 13. Halifax partners with managers and entrepreneurs to recapitalize and invest in lower middle market businesses with total enterprise values generally between $100 million...
News
Interview: Houlihan Lokey on automotive aftermarket M&A trends
M&A has continued to play a significant role in the automotive aftermarket with companies utilizing the route to build scale and consolidate fragmented industry segments. The aftermarket sector has remained a hotbed of investor activity for several years, with transaction values surging in 2021 in the post-COVID era. After three years of range-bound movement, deal volume rose to 437 deals in 2021 with disclosed value touching $27.7 billion, up from 301 deals and $12.9 billion in 2020, acc...
Insights
Power to the people: How convenience stores are filling the EV charging void
The presence of electric-vehicle (EV) charging stations at convenience stores is becoming a key factor for consumers, according to Gilbarco Veeder-Root. As the demand for EVs continues to grow, consumers are more likely to consider convenience stores with EV charging stations as their preferred choice. This trend highlights the importance for convenience store owners to adapt to the changing needs of their customers and invest in EV charging infrastructure. Gilbarco Veeder-Root, a global supp...
Insights
AI-driven predictive fleet maintenance solutions: Interview with Geotab
Telematics tracks information about a vehicle and its usage. It is different from mobile phone GPS tracking systems, as it focuses on the vehicle rather than the driver's phone. Vehicle telematics can range from simple GPS trackers that provide location information to robust systems that monitor vehicle health, improve productivity, enhance fuel efficiency, ensure regulatory compliance and promote driver safety. An open-platform telematics solution offers access to data for integration with o...
Insights
How solar car parks are becoming hot property: Interview with 3ti
Solar car parks are gaining popularity as they provide power generation and protection for vehicles. Demand for these car parks, often located near hospitals, shopping centers and offices, has grown in the UK. Businesses are increasingly adopting on-site renewable energy solutions to reduce electricity costs, making solar car parks an attractive option. To gain more insights into this trend, we interviewed Mark Potter, chief technical officer of 3ti. Key takeaways: 3ti’s mini pop-up s...
Insights
Interview: Houlihan Lokey on automotive aftermarket M&A trends
M&A has continued to play a significant role in the automotive aftermarket with companies utilizing the route to build scale and consolidate fragmented industry segments. The aftermarket sector has remained a hotbed of investor activity for several years, with transaction values surging in 2021 in the post-COVID era. After three years of range-bound movement, deal volume rose to 437 deals in 2021 with disclosed value touching $27.7 billion, up from 301 deals and $12.9 billion in 2020, acc...
Insights
Electrification of European vehicles in operation and its impact on the aftermarket
The European Union has set a target to achieve net-zero emissions by 2050. It hopes to meet its targets with the widespread use of electric vehicles, as road transport accounts for nearly a quarter of its emissions. The EU wants at least 30 million zero-emission cars on European roads by 2030, or about 9% of the current car fleet. Share of EVs in the on-road fleet While the overall sales growth in EVs has slowed in the EU, especially in its largest market Germany with the phasing out of go...
Insights
Automechanika Frankfurt 2024: Suppliers showcase future readiness
The Automechanika Frankfurt 2024, a much sought-after trade fair for stakeholders along the entire value chain of the automotive aftermarket, concluded last week at the Messe Frankfurt in Germany. Organizers said the five-day trade fair from Sep. 10-14 saw participants from over 170 countries, including about 4,200 exhibitors from industry, workshops and trade. As is the norm, participating companies used the event as a launchpad to showcase several of their aftermarket innovations across the...
Insights
OEM aftersales strategies for EVs in India
The number of EVs in operation is growing at a considerable pace in India, especially in the last three years. The expectation from industry stakeholders is that the EV market is going to grow more aggressively in the two-and three-wheeler space, however the electric four-wheeler ecosystem is also fast growing, especially from a volume perspective. According to government vehicle registration data, new battery-electric vehicle sales jumped from 3,260 in 2020 to 73,256 vehicles in 2023, a ...
Insights

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