On October 1, LKQ acquired Euro Car Parts (ECP), the largest distributor of automotive aftermarket parts in the United Kingdom, which generated $420 million in revenue in 2010. The company operates 89 branch locations throughout the UK, including 8 r
While the nation continues its efforts to shake off one of the most challenging economies in its history, it still faces daunting financial issues, indecisive consumers and investors plus unpredictable and unprecedented government fiscal and regulato
I am not an economist, don?t play one on TV, and didn?t spend the night in a Holiday Inn Express. Still, I think that 2012 will be another good year for the aftermarket ? for the one simple reason that the average age of the fleet continues to trump
WASHINGTON, D.C. –The Securities and Exchange Commission today announced that the former chief executive officer and chairman of CSK Auto Corporation has agreed to return $2.8 million in bonus compensation and stock profits that he received whi
A study last month by R.L. Polk & Co. reports that cars in the US average 9 years old. That is nearly 3 times longer than the manufacturer's auto warranty. When the factory warranty expires, drivers are then responsible for paying for inevitable
Some of you may be tired of what you perceive to be our bountiful optimism over the fundamentals of the aftermarket and even our positive inclination on so many of the publicly traded equities in the space.
We believe that management is on the right path to transforming Pep Boys over the intermediate to longer term into a successful competitor in the very fragmented professional service aftermarket through a combination of greenfield development activit
It had been our fear that the tough Q3 2011 comparisons would be the catalyst for a potential misstep from an industry perspective. While only a mild speedbump if you will, given what remain still favorable fundamentals, we were concerned that result
When Midas reported its 2011 Q2 results, management was quite candid with respect to its disappointment surrounding the stock price. Following the settlement of Midas? European arbitration and Q2 earnings, management announced that its board would co
We recently hosted an automotive aftermarket Q&A panel discussion in New York, focused on big-picture trends and industry developments with management from companies spanning the entire aftermarket supply chain.
Looking back at our August automotive aftermarket investor conference, we would say the sentiment of those management teams participating was positive, perhaps even more so than we would have expected given the deterioration in consumer confidence ov
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