The combined market capitalization of O’Reilly Automotive (NASDAQ: ORLY), AutoZone (NYSE: AZO), Genuine Parts Company (NYSE: GPC) and Advanced Auto Parts (NYSE: AP) grew from $67.5 billion in 2015 to 159.3 billion in 2025 – a 42% increase.

The Joint EV Trends and Outlook Forecast released at AAPEX 2022 reports that battery electric vehicles (BEVs) accounted for 6% of new vehicle registrations in 2022 and are forecast to reach 56% of vehicles sold in 2035 and 81% in 2045. This would translate to 19% of the U.S. car parc being BEVs or plug-in hybrid electric vehicles (PHEVs) in 2035 and 42% in 2040. 

MEMA Aftermarket Suppliers and the Auto Care Association are committed to a more sustainable future, and as the co-owners of AAPEX, they are leading new initiatives at this year’s event that will reduce its environmental impact.

The AAPEX Webinar Series will present, “Reducing Risk & Cost in the Global Supply Chain: Top 5 Strategies.”

Automotive Aftermarket Expected to Grow 8.1% in 2023 September 7, 2023 The Automotive Aftermarket Industry Analysis 2023 is an annual snapshot of the industry with global and U.S. data and sta…

The automotive aftermarket grew 9.7% in 2022, outperforming expectations (previously forecast at 8.5%). With high inflation persisting, the industry is expected to grow an additional 8.1% in 2023. The auto care industry continues to show its reliability and ability to adapt across the service and retail sectors, continually adjusting to meet demand in an ever-dynamic market.

If it were up to the fundamentals of the aftermarket, we would enjoy strong parts sales for the rest of the year and would only need inflation for a little extra boost. As it is, though, the fundamentals – the number of vehicles, their average age, and the miles they travel – are battling economic conditions to control near-term sales.

July is Right to Repair Awareness month! In the short video, Rep. Marie Gluesenkamp Perez, an original cosponsor of the REPAIR Act (H.R. 906) and a former co-owner of an auto repair and machine shop before coming to Congress, sums up why the REPAIR Act is so important for shops and consumers.

ADAS: The Aftermarket Technology Growth Opportunity Happening Now Tuesday, May 09, 2023 Paul McCarthy ADAS: The Aftermarket Technology Growth Opportunity Happening Now By Paul McCarthy…