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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Latest assets for News & Insights

Automechanika Frankfurt 2022: Danish remanufacturer BORG Automotive to showcase range
BORG Automotive, a Denmark-based automotive parts remanufacturer, has announced that it will showcase its complete product portfolio at Automechanika Frankfurt from 13 to 17 September, according to a press release dated 25 August. For the first time, the company, which distributes its line-up under the brands Elstock, DRI, Lucas, and TMI, will exhibit its range of turbochargers that the company launched in 2020.  At its booth, the company will showcase its remanufactured alternators, sta...
Apollo Tyres unveils specific tyres for electric vehicles
“Tyre design and manufacturing have always evolved along with the automobiles. Our teams have invested years of research to understand the changing dynamics and requirements of vehicles in EV space to perfect the product that we are launching today. We are already in discussions with multiple OEMs in India to supply these tyres for the electric vehicles and will be targeting for a lion’s share in the EV space in India, in both PV and two-wheeler segments,” said Satish Sharma, President, As...
US-based Advance Auto Parts opens new stores in Los Angeles
North America-based automotive aftermarket parts retailer Advance Auto Parts has announced that it has opened 22 new stores in the Los Angeles market as part of the company’s broader strategic expansion into the Western United States, according to a press release dated 22 June. In spring 2021, Advance had announced its plan to expand into California by leasing 109 Pep Boys stores and converting them to Advance stores, more than half of which are in the Los Angeles area, the release added. V...
Autopromotec 2022: Dayco showcases its product range for EMEA markets
Dayco, an aftermarket engine products and drive systems supplier with its aftermarket headquarters in Italy, showcased its growing range of repair solutions for aftermarket professionals in the Europe, the Middle East and Africa (EMEA) region at Autopromotec 2022 exhibition in Bologna, Italy. Reflecting its ongoing shift towards a hybrid and electric vehicle (EV) future, the company highlighted many new products it had recently introduced to complement its range of traditional combustion engi...
Insurers show support for right to repair
The American Property Casualty Insurance Association (APCIA) is the primary national trade association for home, auto, and business insurers. APCIA promotes and protects the viability of private competition for the benefit of consumers and insurers. APCIA has issued a statement, on 3 October, supporting two recently released white papers focused on the impact of right to repair legislation in the auto industry. The white paper “Right to Equitable and Professional Auto Industry Repair (RE...
Clore Automotive names new CFO
Clore Automotive, a Kansas, US based manufacturer of automotive battery service equipment for professionals and consumers, has announced that Eric Batdorf will join the company as vice president and chief financial officer (CFO) in a press release dated 5 October. Batdorf will succeed Mike Canipe, who will retire as executive vice president and CFO at the end of 2022. Batdorf brings to Clore deep expertise and extensive experience leading finance and operational teams in a variety of manufact...
BendPak introduces new EV battery pack and powertrain lifting system
BendPak, California based workshop equipment manufacturer and distributor, has introduced the EV2400SL EV battery pack and powertrain lifting system in a press release dated 4 October. This push-around full-rise scissor lift table is designed to make replacing both electric vehicle (EV) battery packs and internal combustion powertrain components more efficient. The patent-pending design offers all the benefits of BendPak’s former SL24EVT lifting system with several user-friendly enhancements. ...
First Brands Group adds new Raybestos friction and rotor coverage
In a press release dated 3 October, First Brands Group (formerly TRICO Group) is a global automotive parts company headquartered in Michigan, US, that develops, markets and sells premium products through a portfolio of nine market-leading brands. They have added 82 new part numbers to its Raybestos braking portfolio of friction, rotors and hydraulics that cover over 25 million vehicles in operation. “As we celebrate the 120th anniversary of Raybestos this year, we remain steadfast to our co...
Usage-based insurance in India and the role of blockchain vehicle passports
In an effort to boost technology-enabled insurance, India’s insurance regulator, the Insurance Regulatory and Development Authority of India (IRDAI), in July this year permitted general insurance companies to introduce concepts such as “pay as you drive” and “pay how you drive” for own damage (OD) coverage. Following the announcement, activity in the usage-based insurance (UBI) space, a type of motor insurance that tracks mileage and driving behaviors, has picked up and should gather p...
What’s next for aftermarket in India?
India’s automotive aftermarket industry returned to growth in fiscal year (FY) 2022 (April 2021–March 2022) after coming under pressure in the previous FY owing to the slowdown in the auto component and the overall automotive industry. In FY 2022, the aftermarket industry revenue grew at the fastest pace in five years, indicating a return to normalcy with the industry size surpassing pre-pandemic levels.   In FY 2022, the turnover of the automotive aftermarket stood at INR74,203 cror...
Key trends shaping the US automotive aftermarket
The US automotive aftermarket (consisting of light vehicles) has shown resilience and agility in the face of the downturn in demand and vehicles miles traveled (VMT) caused by the COVID-19 pandemic since 2020. In 2020, the automotive aftermarket decreased by 5.3% to USD286.2 billion, a stronger performance than originally predicted (down 8.8%). In 2021, it is estimated to have rebounded by a robust 14.8% to USD328.5 billion, considerably higher than previously forecast (11.2%), according to the ...
Battery life and its role in assessing the life of a BEV
As the shift toward battery-electric vehicles (BEVs) gains momentum in key automotive markets around the world, the lifespan of BEVs vis a vis that of internal combustion engine (ICE) vehicles is increasingly coming into focus. Typically, ICE vehicles that have completed about 12–15 years of registration are designated end-of-life (EOL) in most countries. However, because electric cars are still relatively new to the market, it is still early to arrive at tangible data on how long an electr...

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