BETHESDA, MD — Wall Street investment analysts learned more about the aftermarket and initiatives to grow the industry during the first annual Automotive Aftermarket Conference held last week in New York City.
Sponsored by Monarch Research at the Cornell Club in Manhattan, the conference was attended by representatives from JP Morgan Chase, Maynard Capital, Lipton Financial, Blue Harbor Group, SBZ Select, Vardon Partners, Pilot Advisors, Bozhardt Capital and Cantillon Capital.
Kathleen Schmatz, president and CEO of the Automotive Aftermarket Industry Association (AAIA), spoke at the event. Schmatz’s presentation included background on AAIA, a snapshot of the size, shape and importance of the aftermarket and challenges and opportunities for market growth.
“Each time I talk with groups of Wall Street analysts, I’m surprised and encouraged by their awareness of key issues like ‘Be Car Care Aware,’ Right to Repair and technology standards such as PIES and ACES,” Schmatz said. “They might not all own cars in the Big Apple, but they sure do know what’s going on in our industry.”
Other presenters at the conference included Jerry Nix, CFO, Genuine Parts; Harry Yanowitz, CFO, The Pep Boys; Rob Gross, president and CEO, Monro Muffler Brake; and John Zimmerman, vice president of investor relations, AutoNation.
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