Welcome to Oregon, ECP

by

It’s interesting hearing the perspectives that a bunch of American aftermarket dudes have on the UK market and one of its biggest players.

In a web conference on its purchase of ECP, LKQ gave investors a rundown of what the two are like and why it’s spent a couple of hundred million on them (and counting).

It reckons the UK aftermarket is worth $18 billion, about 10 percent of the European market. Sweet.

The UK has 35 million vehicles which is really quaint – just 15% the size of the 240 million cars in the US.

And all of this is packed into a landmass that’s slightly smaller than Oregon, apparently.

Normally we tend to say things are five times the size of Wales, but obviously that wouldn’t help Americans much, so Oregon it is.

There was also the inevitable talk of synergies and economies of scale with the purchase, but there’s also a spooky symmetry in the two companies’ slogans.

Euro Car Parts is, as we know, Any Part For Any Car, while LKQ goes with Any Part, Any Repair, Anywhere.

No wonder they bought it.

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