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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 
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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
UK-based Klarius launches new parts for Ford and other brands
Klarius has announced a new collection of focused parts releases, emphasizing improvements in quality for various car models, including several of Ford's most popular models such as the C-Max, Focus, Galaxy and Mondeo, spanning the years 2004 to 2011, according to a press release dated Dec. 17. This product addresses the necessities for a significant number of vehicles, with over 436,000 of these Ford models across the EU. Additionally, the update includes parts for other well-known bran...
News
India's myTVS enters quick commerce delivery for automotive parts
MyTVS has announced its entrance into the quick commerce delivery segment for distribution of automotive parts and lubricants for passenger vehicles and commercial vehicles, aiming to cut down supply chain costs by 30%, according to a report by Motor India dated Dec. 19.  The initiative is set to enhance the company's supply chain efficiency through collaborations with its existing retail network while utilizing the myTVS digital catalog to minimize the inventory stocked in dark sto...
News
Schaeffler India appoints Sharad Bhatia as head of Vehicle Lifetime Solutions
Schaeffler India announced the appointment of Sharad Bhatia as the new head of Vehicle Lifetime Solutions (VLS), beginning Dec. 2, according to a press release dated Dec. 20. With over two decades of experience in the automotive parts industry, Bhatia's expertise, especially in the aftermarket service parts sector, is expected to significantly contribute to the expansion and enhancement of the company's VLS business segment, which focuses on improving vehicle longevity and promoting sustainab...
News
AutoZone says Q1 2025 sales at $4.3 billion, up 2.1% YOY
US-based retailer and distributor of aftermarket automotive parts and accessories, AutoZone, has reported a 2.1% year-over-year increase in net sales, reaching $4.3 billion for the first quarter ended Nov. 23, 2024, compared to the same period in the prior fiscal year. The growth in sales is attributed to an increase in same-store sales across both domestic and international locations. The company saw a slight increase in gross profit as a percentage of sales to 53.0% due to higher merchandis...
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
Software-defined vehicles and their implications for service providers
Vehicles are already becoming increasingly intelligent and connected, driving change across the automotive ecosystem. Consumers have seen how easily their mobile and digital devices are upgraded and faults are fixed with over-the-air (OTA) software and are demanding smartphone-like in-vehicle experiences, setting the stage for SDVs. What are SDVs, and what benefits do they offer? SDVs are designed around software, rather than hardware, and are seen as the next evolution of the automotive i...
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

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