2023 : a busy automotive year in the United-States

In 2023, the trend of consolidation continued, albeit with a more subdued pace, witnessing 230 transactions compared to 310 in 2022, spanning repair, collision, and glazing sectors. Notable developments include Advance Auto Parts announcing the sale of Worldpac and its Canadian operations, part of a cost reduction initiative aiming for $150 million in savings. Additionally, Fisher Auto Parts acquired Berrod in Parts Warehouse, a wholesaler previously under the Federated Auto Parts umbrella, with nine warehouses in southeastern Pennsylvania and northern Delaware. Jobbers Automotive Warehouse joined the Aftermarket Auto Parts Alliance CVHD (Commercial Vehicle and Heavy-Duty) program. A right to repair for all Representatives of independent repairers and bodywork repair experts* have entered into an agreement with manufacturers’ representatives regarding the right to repair. Central to the agreement is the demand for equal access to diagnostic and repair information for dealers of all vehicles, encompassing all engines, including electric. This access should be provided directly via a manufacturer’s website, information providers, software, and third-party tools. * Automotive Service Association, Society of Collision Repair Specialists and Alliance for Automotive Innovation. 

Fifty thousand workers out of the150,000 members of the powerful UAW union intensified walkouts from September for 40 days at the three manufacturers based in Detroit. This strike incurred significant costs for the three giants and their suppliers, amounting to billions of dollars. GPC’s digital revolution Genuine Parts Company has announced the creation of digital platforms, facilitated by Google Cloud, which will connect with its 10,000 stores and distribution centres around the world. The objective is to modernise its supply chain by enhancing inventory visibility, productivity, logistics, and commercial capabilities.

The U.S. House of Representatives passed legislation preventing the Environmental Protection Agency (EPA) from granting California a waiver for regulations that would ban the sale of new vehicles equipped with internal combustion engines (ICE) in the state by 2035. Meanwhile, dealers sold more than 227,000 electric vehicles in the first half of 2023, marking a 72% increase, according to Consumer Report. Over the past decade, they have sold just over a million 100% electric vehicles. Seven manufacturers and a single charging network BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, and Stellantis have established a joint venture aimed at launching a unified charging network across North America. The initiative involves the creation of a network comprising 30,000 chargers that will be accessible to all manufacturers’ electric vehicles using the combined charging system or the North American charging standard.

BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, and Stellantis have established a joint venture aimed at launching a unified charging network across North America. The initiative involves the creation of a network comprising 30,000 chargers that will be accessible to all manufacturers’ electric vehicles using the combined charging system or the North American charging standard.

Representatives of independent repairers and bodywork repair experts* have entered into an agreement with manufacturers’ representatives regarding the right to repair. Central to the agreement is the demand for equal access to diagnostic and repair information for dealers of all vehicles, encompassing all engines, including electric. This access should be provided directly via a manufacturer’s website, information providers, software, and third-party tools. * Automotive Service Association, Society of Collision Repair Specialists and Alliance for Automotive Innovation.

Genuine Parts Company has announced the creation of digital platforms, facilitated by Google Cloud, which will connect with its 10,000 stores and distribution centres around the world. The objective is to modernise its supply chain by enhancing inventory visibility, productivity, logistics, and commercial capabilities.

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