Sloan Family Building for Aftermarket Studies Dedicated at Northwood University
The automotive aftermarket is big business, Northwood University President Keith Pretty commented during Thursday’s dedication of the Sloan Family Building for Aftermarket Studies. “In fact, it’s very big business,” he said, adding the industry’s annual revenues are approaching $300 billion. “This is bigger than the gross national product of many nations around the globe.” And Northwood is an integral part of the equation to help keep the economic engine of the automotive aftermarket humming along, Pretty believes.
UPDATED: Uni-Select to Acquire Beck/Arnley
Uni-Select has entered into an agreement to purchase of the assets of Beck/Arnley Worldparts Corp. and its Canadian subsidiary Beck/Arnley Worldparts Canada ULC, both automotive replacement parts distributors specialized in parts for foreign nameplate vehicles. According to Uni-Select, the acquired business will be the cornerstone of a strategic initiative to improve parts coverage in order to better service the growing import nameplate component of the North American fleet of vehicles and will be the start of a new Foreign Nameplate Division at Uni-Select Inc.
The Week in Review (May 5-9, 2008)
By Amy Antenora The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, just click on the link that says "News Archives" at the
NPD Now Offers Cooling Category Information from AAIM Panel Companies
HOUSTON – Market research firm The NPD Group has announced the availability of commercial and retail cooling category point-of sale (POS) information from all nine automotive specialty retailers and wholesale distributors in the Aftermarket Industry Monitor (AAIM). In 2007, NPD began re-releasing hard parts point-of-sale information, with cooperation from the nine AAIM panel companies and
Learn More about Government Affairs and Private Equity’s Role in the Aftermarket and More
RESEARCH TRIANGLE PARK, N.C. – Aftermarket industry veterans and experts will discuss a wide range of topics focusing on the theme of "Shift Forward" at the 2008 Global Automotive Aftermarket Symposium (GAAS), which takes place Tuesday, May 20, and Wednesday, May 21, at the Hyatt Regency O’Hare in Chicago. "Let’s Know Them Before We Need
LKQ Reports Record Revenues
LKQ Corp. today announced results for its first quarter ended March 31, with revenue of $491.9 million, net income of $30.9 million and diluted earnings per share of 22 cents. Revenue from aftermarket collision replacement parts, paint, shop supplies, refurbished bumpers, refurbished wheels and refurbished lighting for the first quarter was $272.3 million.
The Week in Review (April 28 – May 2, 2008)
By Amy Antenora The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, just click on the link that says "News Archives" at the
Bosch Registers 7 Percent Sales Increase in North America
The Bosch Group increased its sales in North America in 2007 by 7 percent to $9.5 billion, with all three of the company’s business sectors — Automotive Technology, Industrial Technology and Consumer Goods and Building Technology — contributing to the growth. Sales for the Bosch Group globally grew by roughly 8 percent to exceed $63 billion, after adjusting for currency effects.
Coming Soon: AASA Top 100
RESEARCH TRIANGLE PARK, N.C. and AKRON, Ohio — The 2008 AASA Top 100 Automotive Aftermarket Suppliers List is coming soon. P rod uced annually by Babcox Publications and sponsored by Ernst & Young, this multi-page, full-color publication will feature insightful information on the largest suppliers to the automotive aftermarket, and will rank suppliers by annual
GPC First Quarter 2008 Sales Increased 3 Percent
Genuine Parts Company (GPC) has reported sales and earnings for the first quarter ended March 31, 2008. Sales totaling $2.74 billion were up 3 percent compared to the first quarter of 2007. Net income for the quarter was $123.5 million, an increase of 2 percent over $121.6 million recorded in the same period of the previous year. Earnings per share on a diluted basis were 75 cents, up 6 percent compared to 71 cents for the first quarter last year. Thomas Gallagher, chairman, president and chief executive officer, commented that GPC’s Automotive Group experienced its highest percentage of growth in two years.