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Source: Aftermarket Business World

Steady growth ahead in 2012

January 25, 2012
By:Tony Cristello

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 other negative factors such as elevated gasoline prices and reduced miles driven (which have declined for 8 consecutive months based upon government data).

Source: Aftermarket Business

Shedding light on U.S. economy and its impact on automotive industry

January 24, 2012
By:James E. Guyette

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 regulatory policies, according to economist Dr. Timothy G. Nash at Northwood University in Midland, Mich.

ITW, Relational Investors announce cooperation agreement

January 13, 2012

Illinois Tool Works Inc. and Relational Investors LLC have entered into a mutual cooperation agreement giving Relational an option to appoint David H. Batchelder, its principal and co-founder, to ITW's board of directors.

Lear increases share repurchase authorization to $700 million

January 11, 2012

Lear Corp, a leading global supplier of automotive seating and electrical power management systems, today announced that its Board of Directors has authorized a $300 million increase to its existing share repurchase program, bringing the total value of shares that may be repurchased to $700 million.

LV2 Equity Partners invests in Auto-Lab Complete Car Care Centers

January 11, 2012

Auto-Lab Franchise Management Corp. and LV2 Equity Partners are pleased to announce a partnership in the formation of a new entity: Auto-Lab, LLC.

Source: Aftermarket Business World

Aftermarket engine keeps chugging

December 21, 2011
By:Tony Cristello

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 results would show a slowing. Throw in gas prices that remain roughly 30 percent higher year over year, along with declining miles driven and it was hard to think the industry would not show some chink in its armor.

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