Financial - Aftermarket Business - Wholesaler, retailer automotive parts
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Source: Aftermarket Business World

Steady growth ahead in 2012

January 25, 2012

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

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.

Source: Aftermarket Business World

Aftermarket engine keeps chugging

December 21, 2011

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.

Source: Aftermarket Business World

Gabelli could make things interesting

December 20, 2011

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 conduct a review of potential strategic and financial alternatives, including, but not limited to a possible sale, merger or other business combination. Since then, the shares have risen approximately 30 percent versus a +2 percent gain for the Russell 2000 (as of 12/14/11).

Saab bankruptcy: What it means

December 19, 2011

As Swedish automaker Saab nears liquidation, American Saab owners have good reason to be concerned, according to Joe Wiesenfelder, Cars.com executive editor and senior analyst.

Source: Aftermarket Business World

CSK accounting fraud leads former CEO to return millions in bonuses, stock profits

November 29, 2011

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 while the company was committing accounting fraud.

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