Industry News
The automotive aftermarket or motor vehicle aftermarket is a critical segment of the U.S. economy. Distribution channels include original equipment, original equipment service, traditional automotive, programmed distribution, large retailers, and the non-traditional markets. This industry includes all products and services purchased for light and heavy duty vehicles after the original sale. This includes replacement parts for under hood and undercar, engine management, temperature controls, accessories, lubricants and appearance products. This also covers service repairs and the tools and equipment necessary to make the repair.
The Automotive Aftermarket total revenue exceeds 307.7 billion dollars in sales. Additionally, this industry employs over 4.1 million people, more than 800,000 of which are technicians.
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Genuine Parts Co. To Acquire Heavy-Duty Distributor In France
July 2019GPC's Alliance Automotive Group has entered into a definitive agreement to acquire the Todd Group, based in Normandy, France.
The post Genuine Parts Co. To Acquire Heavy-Duty Distributor In France appeared first on aftermarketNews.
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BASF Spain Inaugurates Its Renovated Refinish Competence Center
July 2019Approximately 2,000 people will be trained at the RCC every year.
The post BASF Spain Inaugurates Its Renovated Refinish Competence Center appeared first on aftermarketNews.
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153 Entries, 35 Innovations Shortlisted For International Grands Prix For Automotive Innovation
July 2019On Sept. 11, a final vote will designate the winner in each of the seven categories. The official awards ceremony will take place at the EQUIP AUTO gala evening, to be held on Tuesday Oct. 15, in the presence of many leading personalities from the automotive industry and media.
The post 153 Entries, 35 Innovations Shortlisted For International Grands Prix For Automotive Innovation appeared first on aftermarketNews.
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Volvo Group, Samsung SDI Enter Strategic Alliance For Electromobility
July 2019Working together with Samsung SDI, Volvo Group aims to accelerate the speed of development and strengthen the long-term capabilities and assets within electromobility, to benefit its customers in different truck segments and markets.
The post Volvo Group, Samsung SDI Enter Strategic Alliance For Electromobility appeared first on aftermarketNews.
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Advance Auto Parts Names Jason McDonell As Chief Marketing Officer
July 2019McDonell brings more than two decades of marketing experience and a proven track record of building and growing brands to the Advance team.
The post Advance Auto Parts Names Jason McDonell As Chief Marketing Officer appeared first on aftermarketNews.
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Auto Care Caucus Reaches 30 Members Of Congress
July 2019The Auto Care Caucus, a bipartisan group of U.S. Representatives who support the independent auto care industry, has reached the 30-member milestone – a notable achievement considering the caucus recruited 19 members during the entire 2017-2018 congressional session.
The post Auto Care Caucus Reaches 30 Members Of Congress appeared first on aftermarketNews.
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Genuine Parts Co. Reports 2nd Quarter Sales And Earnings
July 2019The company has reported record sales of $4.9 billion, up 2.3%.
The post Genuine Parts Co. Reports 2nd Quarter Sales And Earnings appeared first on aftermarketNews.
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XPEL Announces Listing On NASDAQ
July 2019The company’s common stock will begin trading on the Nasdaq Stock Market (NASDAQ) effective with the opening of trading on July 19. Shares of the company’s common stock will trade under the symbol “XPEL.”
The post XPEL Announces Listing On NASDAQ appeared first on aftermarketNews.
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Edelbrock And Pat Musi Racing Continue Collaborative Line Of High-Performance Street And Racing Crate Engines
July 2019In collaboration with the drag racing legend, Edelbrock created the 676 horsepower Edelbrock/Musi 555 engine.
The post Edelbrock And Pat Musi Racing Continue Collaborative Line Of High-Performance Street And Racing Crate Engines appeared first on aftermarketNews.
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Automotive Interior Materials Landscape Set To Witness Innovations Centered At Customization And Sustainability, Says PMR Report
July 2019The automotive interior material market is being driven by the notable rise in the demand for ‘green’ materials to maintain sustainability in the environment. In addition, the increasing demand for connected, autonomous and electric vehicles will spur several manufacturers to create custom innovative interiors based on the consumers’ demand.
The post Automotive Interior Materials Landscape Set To Witness Innovations Centered At Customization And Sustainability, Says PMR Report appeared first on aftermarketNews.
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