AFTERMARKET DROPS IN Q1, BUT REMAINS AHEAD OF EXPECTATIONS

Whilst the aftermarket suffered from the lack of mileage due the third national lockdown from January to March 2021, the impact on UK workshops turnover was not as bleak as anticipated according to a new report from trade body GiPA.

Despite a year-on-year decrease, the UK aftermarket-performed beyond expectations

The group forecasted a 9.7 percent drop compared to 2019, but Q1 2021 performed 5.3 percent above its expectations. If the market behaviour carries on for the remainder of the year, with the same momentum seen in Q1, GiPA UK considers a more optimistic year end for 2021 with ‘only’ a five percent decrease when compared to 2019.

These findings, among others, have been published in ‘Aftermaket Pulse’, a new quarterly report produced by GiPA for the UK aftermarket.

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GiPA UK General Manager, Quentin Le Hetet said: “While Q1-2021 performed below last year activity level and even more when compared to 2019, this is a positive outcome. Currently the market needs this positive outlook. With that being said, we should not ignore that Q2 will be challenging with the DVSA forecasting 53 percent decrease in volume of MOT test to be done compared to a typical year.”