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:

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Latest assets for News & Insights

Borg Automotive says digitalization a bigger game changer than electric cars
Borg Automotive, a Denmark-based automotive parts remanufacturer, announced that it is investing significant resources into automotive technology as it believed digitalization in the automotive industry is playing a greater role than ever before, according to a press release dated May 26. The company said the increasing role of digitalization would be felt in the spare-parts industry as well. The company said that while the broader automotive industry strongly focuses on electric ca...
Dorman Products says Q1 2023 net sales at $466.7 million, up 16% YOY
Dorman Products, a US-based aftermarket supplier of original equipment (OE) dealer exclusive parts, has announced its financial results for the first quarter ended April 1, 2023, according to a press release dated May 2. The company reported first quarter 2023 net sales of $466.7 million, up 16% compared to net sales of $401.6 million in the first quarter of 2022. The sales results reflect the addition of SuperATV, an independent supplier to the powersports aftermarket as well as replacement ...
Standard Motor Products expands its line of ABS Speed Sensors
US-based independent manufacturer and distributor of automotive replacement parts, Standard Motor Products (SMP), announced the expansion of its line of ABS Speed Sensors for import and domestic vehicles via a press release dated March 28. The company claimed that SMP's antilock breaking system (ABS) sensors were manufactured and tested to ensure that they integrated correctly with electronic safety systems and performed in all conditions, especially in emergency situations. Se...
Marelli Aftermarket bought by First Brands Group
The Aftermarket Division of Marelli Holding, Magneti Marelli Parts & Service has now been confirmed to be subject of a purchase agreement with the US-based First Brand Group.  The transaction will be completed in April 2023 with Stefano Sancassani, CEO of LATAM and Global Aftermarket of Magneti Marelli Italia, and he will remain in place to ease the transition and to ensure continuity. Over recent years, there has been a number of acquisitions by First Brand Group as the...
Dayco partners with Tecno System, Monet to create an electronics competence center
Dayco, Tecno System and Monet have entered into an equity agreement positioning the trio for growth in the electrified-propulsion systems space, according to a press release dated June 7. The resulting competence center will be a research and development (R&D) powerhouse that starts with Monet’s know-how and competencies, and ushers them through Tecno System’s industrialization capabilities, all while utilizing Dayco’s 115 years of innovation and world-class manufacturing. Da...
Vitesco Technologies showcases electrification innovations
Vitesco Technologies, a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility, will join global electric vehicle leaders at the 36th EV Symposium and Exposition held June 11–14 in Sacramento, Calif., according to a press release dated June 7. Vitesco will present its broad portfolio of hardware and software supporting auto industry drive toward electrification.  Electrification solutions on display will i...
Dana named one of America's Climate Leaders 2023 by USA Today
Dana Inc. announced June 7 that it has been named one of America's Climate Leaders 2023 by USA Today in a press release. Dana is an Ohio-based company operating in the design and manufacture of highly efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The list, compiled by the newspaper's research partner, Statista, recognizes the top 400 companies for their 2021 greenhouse gas (GHG) reduction performance against ...
New York City sues Hyundai, Kia over vehicle thefts! Is this something the aftermarket should worry about?
New York City on June 6 has sued Hyundai Motor Co. and Kia Corp., accusing the South Korean automakers of negligence and creating a public nuisance by selling vehicles that are too easy to steal, as reported by Reuters on June 7. New York joined a growing list of major cities that have sued Hyundai and Kia over thefts, including Baltimore; Cleveland; Milwaukee, Wis.; San Diego; and Seattle. In a complaint filed in the Manhattan federal court, New York faulted the auto...
Auto Safety Systems - Calibration challenges and opportunities
With the average age of vehicles on US roads at 12.5 years, new-car shoppers returning to the market may be unfamiliar with some of the advanced driver assistance systems (ADAS) applications now available. And even though many owners of newer cars have driven ADAS-equipped vehicles for several years, they may not have needed a repair or performed a modification that impacted those features or sensors. ADAS are an important development in vehicle safety — especially as consumer demand and im...
Analysis: Average age of light vehicles in the US hits record high 12.5 years
With more than 284 million vehicles in operation (VIO) on U.S. roads, the average age of cars and light trucks in the US has risen again this year to a new record of 12.5 years, up by more than three months over 2022, according to the latest analysis from S&P Global Mobility. The growth is in line with the firm's prediction from last year that constrained new vehicle sales would continue to impact and put upward pressure on the average age. In addition, the continued rise of light trucks/uti...
Auto Safety Systems - Calibration challenges and opportunities
With the average age of vehicles on US roads at 12.5 years, new-car shoppers returning to the market may be unfamiliar with some of the advanced driver assistance systems (ADAS) applications now available. And even though many owners of newer cars have driven ADAS-equipped vehicles for several years, they may not have needed a repair or performed a modification that impacted those features or sensors. ADAS are an important development in vehicle safety — especially as consumer demand and im...
Analysis: Average age of light vehicles in the US hits record high 12.5 years
With more than 284 million vehicles in operation (VIO) on U.S. roads, the average age of cars and light trucks in the US has risen again this year to a new record of 12.5 years, up by more than three months over 2022, according to the latest analysis from S&P Global Mobility. The growth is in line with the firm's prediction from last year that constrained new vehicle sales would continue to impact and put upward pressure on the average age. In addition, the continued rise of light trucks/uti...
Executive Interview: Johan Sundstrand, CEO of Phyron, on AI-generated used-car ads
Our digital world is inundated with human language, and Natural Language Processing (NLP) is the technology that aims to use AI to process and leverage such information automatically. Recently, ChatGPT (Generative Pre-trained Transformer) has caught the world’s attention. Heralded as the next big thing, ChatGPT is a deep learning model that has found multiple use cases in fields ranging from law to publishing. It can generate articles, student dissertations and even transcripts for used car ad...
BEV opportunity for the remanufacturing industry
The transition to battery-electric vehicles (BEVs) and alternative fuel powertrains is perhaps the most significant market trend facing the remanufacturing industry around the world, especially in Europe, the United States and mainland China. The transition has the potential to reshape the industry in the long term, and while we expect minimal impact before 2030, investments into research and development and formulation of strategies will be critical in the near term to ensure a smooth tran...

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