Itâ€™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 itâ€™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 thatâ€™s slightly smaller than Oregon, apparently.
Normally we tend to say things are five times the size of Wales, but obviously that wouldnâ€™t help Americans much, so Oregon it is.
There was also the inevitable talk of synergies and economies of scale with the purchase, but thereâ€™s also a spooky symmetry in the two companiesâ€™ 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.