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.

READ: VM DATA ACCESS THREAT KEY THEME OF IAAF CONFERENCE

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.”

Published by Greg Whitaker

Editor of CAT Magazine and an experienced motoring journalist @GregWhitaker5

Legal hand car washes “outnumbered” by illegal sites as £2.5m in fines handed out

Home Office data revealed that 87 hand car washes across the UK were fined some £2.5 million for ‘right to work’ offences in 2023

Read More

Record visitor numbers at UK Garage & Bodyshop Event

Over the two days, the event welcomed an impressive 5125 industry professionals at the NEC in Birmingham

Read More

IAAF launches “myth-busting” Right to Repair campaign

It will focus particularly on the updated Motor Vehicle Block Exemption Order

Read More

Movers & Shakers: New chairman for VLS

All the latest changes from across the sector, including new roles, promotions, and retirements

Read More

Delphi Academy launches “pioneering” hydrogen training course

The two-day ‘advanced hydrogen’ training course promises a deeper understanding on the principles of hydrogen fuel cell

Read More

Go to comments

Your email address will not be published. Required fields are marked *