My goodness me, you aftermarket people are very, very clever indeed.
At the Groupauto conference on September 9 rumours circulated that Euro Car Parts was going to be sold to an American private equity firm, within eight weeks, for Â£250 million.
Then, on September 14, Unipart announced that it had sold a 50.1% controlling stake in its automotive division to Dutch private equity firm H2 for an undisclosed sum
I was impressed with the grapevine â€“ it had got pretty close with its rumours, although no cigar was to be awarded.
I got in touch with Sukhpal Singh about it all and he said: â€œThis is complete nonsense, these are rumours that are being spread by our competitors. Business is good at the moment, the market is really picking up.â€
So, look in the current issue of CAT and youâ€™ll find the â€˜rumoursâ€™ at the bottom of the aftermarket indicator.
Turns out, of course, that the aftermarket grapevine came so close to the truth it deserves a whole humidor of Cubaâ€™s finest, not just one cigar.
Today Euro Car Parts announced it was being sold to American aftermarket giant LKQ Corporation for Â£225 million.
LKQ might not be a private equity company, but it is American, it is Euro Car Parts thatâ€™s been sold within eight weeks and itâ€™s near enough exactly the price that circulated at Groupauto.
Impressed? Iâ€™m amazed.