AAPEX 2019 Service Professionals Summit To Address Consolidation Trends, Opportunities And Challenges

AAPEX 2019 Service Professionals Summit To Address Consolidation Trends, Opportunities And Challenges

The Summit will feature a diverse panel to look at the future of aftermarket consolidation from three distinctly different perspectives.

Every single day, 12 billion miles are driven by consumers in the United States, more than 2.2 million cars are brought in for repair and 158,000 brake jobs are performed.

The opportunities in the U.S. automotive aftermarket continue to be strong. Yet, because of the aging demographic of independent auto repair shop owners, and larger corporations and private equity money looking for market share and bay count, the automotive aftermarket is consolidating. 

AAPEXedu will address this topic during the Service Professionals Summit, “Aftermarket 2030: Consolidation Trends, Opportunities and Challenges for the Independent Service Professional,” from 1:30-3 p.m. on Thursday, Nov. 7 in Mobility Garage, Titian Ballroom at The Venetian in Las Vegas. AAPEX represents the more than $1 trillion global automotive aftermarket industry and will be held Tuesday, Nov. 5 through Nov. 7, at the Sands Expo.

The Summit will feature a diverse panel to look at the future of aftermarket consolidation from three distinctly different perspectives. Panel members are multi-shop owner Greg Bunch, president of Aspen Car Clinic and president of Transformers Institute; Jason Rainey, general manager, NAPA AutoCare and representing the distribution/supplier side of the industry; and Rick Schwartz, co-founder and CEO of Schwartz Advisors LLC, a mergers and acquisition advisor and management consulting firm to the automotive and heavy-duty transportation industry. Carm Capriotto, host of the aftermarket podcast Remarkable Results Radio, will moderate the discussion. 

Topics will include the factors driving consolidation; how consolidation at all levels will impact service professionals; the opportunities for sellers and buyers; what consolidators look for; and the impact of technology on consolidation. 

The Summit is part of AAPEX Service Professionals Day and included in AAPEX registration.

You May Also Like

MEMA Celebrates 120th Anniversary

MEMA said the milestone “underscores the association’s enduring legacy and its pivotal role in advancing the future of mobility and the interests of vehicle suppliers.”

MEMA, The Vehicle Suppliers Association, announced its 120th anniversary, a milestone it said "underscores the association's enduring legacy and its pivotal role in advancing the future of mobility and the interests of vehicle suppliers."

MEMA was founded on March 2, 1904, in Cleveland, Ohio, to represent the burgeoning automotive parts manufacturing industry. For the last 120 years, MEMA and its members have been at the forefront of advocacy, innovation and collaboration, the association said.

UniClutch Launches Clutch System in the United States

From Australian manufacturer Clutch Industries, UniClutch is a clutch system that delivers uncompromised performance.

MEMA Aftermarket Suppliers Becomes UAF Gold Lifetime Trustee

The partnership with UAF is a commitment to the future of the automotive aftermarket, MEMA Aftermarket Suppliers said.

Castrol Turns 125, Debuts New Market Strategy

As part of the new strategy, Castrol will explore opportunities in battery thermal management, digital and service solutions and data center immersion cooling.

FCS Introduces 18 New Numbers in February

The new release includes 4 shock absorbers and 14 suspension struts.

Other Posts

Philips Releases GoPure Advanced Automotive Air Purifier

It filters out 99% of bacteria and respiratory viruses and fits in the cupholder.

AP Emissions Releases New Part Numbers for February

The 12 new SKUs cover 6 million VIO.

MANN+HUMMEL NA Aftermarket Shows Right to Repair Support

Representatives from MANN+HUMMEL’s North American aftermarket brands recently visited Capitol Hill to express their support for H.R. 906.

Federated Upgrades Car Care Center Program

The enhanced program features updated signage, marketing support, image-enhancing tools, wearables, business management assistance and other information to help with day-to-day shop operations.