Financial

  • With AAPEX as the ideal industry setting, Affinia Group Inc. unveiled its ?World Smart?? business philosophy, which emphasizes a unique transformational approach to global manufacturing. Affinia President and CEO Terry R. McCormack made the announcem
  • In an industry note we published in early April, we highlighted our concerns that the spike in gasoline prices from $3 at the end of 2010 to $3.70 in mid-April would lead to a slowing in miles driven as well as compression in consumer spending on aut
    Aftermarket World Auto Parts Distribution
  • NGK gave back to the industry at AAPEX on Wednesday afternoon, making a $10,000 donation to the University of the Aftermarket.
  • After 9 months and more than a double in its share price, Motorcar Parts (MPAA) has finally completed its acquisition of Fenwick Automotive Products Limited (Fenco).
    Aftermarket World Auto Parts Distribution
  • Thomas Gallagher, chairman, president and chief executive officer, said sales totaling $2.5 billion were down 12 percent compared to the second quarter of 2008.
  • The investment community is one that is said to have a short memory. That may be true, but looking at historical economic trends can help more accurately shape the present and the future.
    Aftermarket World Auto Parts Distribution
  • General Automotive achieved year-over-year improvements in most profitability metrics in the second quarter of 2009. Revenue in the second quarter of 2009 increased 11.06% to $3,373,999 compared to $3,037,883 in the three months ended June 30, 2008.
  • When Kristin Newhall looks for industry acquisitions, she likes to look at things through an investment criteria lens.
  • Transportation systems sales were down 24% compared with the third quarter of 2008 due to lower volumes primarily driven by lower sales to global automotive OE customers and the negative impact of foreign exchange, partially offset by new platform la
  • The Automotive Distribution Network has formed a strategic alliance with The Auto Pride Network, according to Mike Lambert, president of the Network.  Formerly a division of IWD, Auto Pride will now be its own marketing entity within the Network
  • We have had a few weeks to reflect upon the recent results from many of our publicly traded aftermarket companies. Heading into the earnings season, we were confident in our estimates in spite of this being the first quarter of challenging year over
    Aftermarket World Auto Parts Distribution
  • A dark horse in a down economy. Cautiously optimistic. Sporting green shoots. Many characterizations can encompass how people see the automotive aftermarket, but in one area in particular — the industry’s investment environment — th
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  • The investment brilliance of many industries has faded as the economy has faced turmoil and instability; yet investors continue to see the aftermarket as a precious gem ? an attractive, long-term and valuable undertaking.
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  • Consolidated net sales for the third quarter of 2009 were $205.6 million, compared to consolidated net sales of $202.9 million during the comparable quarter in 2008.
  • Santa has been watching. For the aftermarket, 2009 started with cautious optimism and ended with an overall sense of relief. Resiliency and the industry's overall defensive nature overcame financial crisis. In 2009 it was one of the top performing in
  • In recent weeks, we have become increasingly concerned over the potential impacts of higher gasoline prices on aftermarket demand trends, given the meteoric rise of crude oil prices (from less than $90 a barrel in January to a close of $113 on 4/8/11
    Aftermarket World Auto Parts Distribution
  • Midas reported stronger than expected Q2?11 results, with EPS of $0.15 coming in ahead of our estimate and consensus of $0.13 on stronger than expected revenue and gross profit.
    Aftermarket World Auto Parts Distribution
  • Aftermarket Business is taking an extensive, detailed look at investments in the aftermarket. We analyze what historically has happened to shape the market, the present market performance and expectations for what is to come in the future.
  • GM and Chrysler dealership closings are expected to bring an estimated $1 billion into the independent aftermarket.
  • Although the program has boosted sales, BB&T maintains the aftermarket has not been greatly affected by Cash for Clunkers.