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LKQ Corporation Announces Results for First Quarter 2024


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    • By Counterman
      The
      link hidden, please login to view released its online publications, the 2025 Auto Care Factbook and the 2025 Auto Care Factbook & Lang Annual. This is the 34th edition of the Auto Care Factbook, which provides the latest consumer and industry trends, expanded international market performance and more, according to the Association. Along with a projected 5.7% growth in 2024, the Factbook projects the total light-, medium- and heavy-duty automotive aftermarket to be a $617.3 billion industry in 2027. 
      In the 193-page Auto Care Factbook report, readers will find:
      The Joint Channel Forecast Model through 2027 prepared by S&P Global; Financial Benchmarks provided by Jefferies; E-Commerce trends; Vehicle registrations and usage; Collision, Paint, Body and Equipment data; State summary statistics; NEW Global Aftermarket industry profiles for Argentina, Brazil and Guatemala; UPDATED Aftermarket industry profiles for Bolivia, Canada and Mexico; UPDATED Driving behavior data; UPDATED Auto care industry consumer profiles and aftermarket service satisfaction by IMR, Inc.; UPDATED Electric vehicle aftermarket in China; UPDATED Tool and equipment purchasing trends; UPDATED Medium and heavy duty vehicles technology, parts and distribution. “As credit card debt in the U.S. reaches an all-time high of more than $17 trillion in 2024, Americans are feeling the weight of inflation and choosing more cost-saving options when possible, including with the maintenance of their cars,” said Bill Hanvey, president and CEO,
      link hidden, please login to view “For many of the 236 million licensed drivers in the U.S., driving isn’t a luxury—it’s an everyday necessity—and the automotive aftermarket is proving to be the most viable option for affordable service and repair for many Americans as their budgets tighten. This year’s Factbook report underlines this trend of cost consciousness for the American consumer from the barber shop to the repair shop. The Factbook gives readers a holistic view of the aftermarket with the latest available data, equipping industry professionals with the information needed to plan for the year ahead.” All Auto Care Association contacts at member companies receive a complimentary digital copy of the 2025 Auto Care Factbook report as an association member benefit. 
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    • By NAPA
      Jack Wood delivered his best performance of the 2024 season on Friday afternoon at Sonoma Raceway and earned a fifth-place finish. The driver of the No. 16
      link hidden, please login to view Chevrolet SS gained a position in the ARCA Menards Series West standings and now resides third in points after four events. The effort in California’s wine county marked his first top-five finish of the season and his third top-five result at Sonoma. Wood started the 200-mile showdown from the eighth position and immediately went forward at the drop of the green flag. The Loomis, Calif. driver vaulted himself into the top five on the opening lap to assert himself as a contender. The race’s first restart came on lap 10 and Wood settled into sixth position as he preserved his tires, since no tire changes were permitted during the 67-lap event.
      He came to the attention of the NAPA Auto Care team for his only pit stop of the afternoon during a lap 23 caution for a chassis adjustment and fuel. He restarted seventh on lap 27 and worked his way into fourth by lap 36. He would consistently run inside the top five for the balance of the event and claimed third position on a lap 47 restart.
      Over the final 10 circuits, Wood found himself in a heated battle for third and ran fourth with two laps to go when a caution flag waved to set up a one-lap overtime restart. Wood restarted fourth and took the checkered flag in fifth for his first top-10 result of his 2024 campaign.
      “It definitely feels good to get a top-five today,” Wood said. “We had a real consistent NAPA Auto Care Chevrolet today and it’s nice to come out of here with a good finish. All these guys at BMR brought some good speed here. We were a little bit off of race-winning speed, but proud of the effort and feel like we executed a solid day from start to finish.”
      Start / Finish: 8 / 5
      Points Standing / Total: 3rd / 140 pts. (-19)
      Next Race: Thursday, July 4, Irwindale Speedway
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      Jack Wood:  link hidden, please login to view
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    • By Counterman
      The future of the automotive aftermarket shines brightly, and AAPEX is at the forefront of this evolution. As vehicles log more miles and integrate increasingly complex electronics, the landscape of parts and repairs is diversifying. AAPEX research highlights that new products are the primary draw for attendees, making this conference a vital event for staying informed and competitive.
      The aftermarket is uniquely positioned to benefit from both internal combustion engines and electric vehicles (EVs). Attending AAPEX provides automotive professionals with the latest insights and innovations from industry leaders and the ability to check out cutting-edge products and solutions, helping you stay ahead of industry trends and capitalize on new opportunities.
      Don’t miss the chance to connect with experts, discover new technologies, and ensure your business thrives in this dynamic market. AAPEX is your gateway to the future of the automotive aftermarket.
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    • By Counterman
      link hidden, please login to viewannounced that Ken Bush, senior vice president, chief merchant, will retire from the company after nearly 20 years and be succeeded by Bruce Starnes, who has been named executive vice president, chief merchant, effective June 24, 2024. The 48-year-old Starnes will lead all aspects of merchandising strategy. He joins 
      link hidden, please login to view from the Target Corporation where he spent nearly 20 years in a variety of product management roles. According to the company, he most recently served as senior vice president, merchandising capabilities and operations. Previously, he served as president of Target India and vice president, digital solutions and partnerships. “We are very grateful for the many contributions Ken has made to our industry over the past 37 years. He has helped strengthen our merchandising operations and built a talented team within the merchandising organization, making it an optimum time to make a leadership transition. We wish him all the best in his upcoming, well-deserved retirement,” said Shane O’Kelly, Advance’s president and CEO. “I’m excited to welcome Bruce to the Advance family. As a seasoned and accomplished merchandising executive with more than 25 years of experience, Bruce brings a deep understanding of successful merchandising operations and vendor partnerships as well as a proven track record of results at one of the world’s leading retail organizations. I look forward to working closely with him to take our merchandising operations to the next level.”
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