The training arm of the Automotive Aftermarket Parts Expo (AAPEX) will tackle the hot topic of consolidation in the automotive service world at this year’s show.
AAPEXedu will feature a Service Professionals Summit dubbed “Aftermarket 2030: Consolidation Trends, Opportunities and Challenges for the Independent Service Professional” on Nov. 7.
Consolidation among North American service shops is generally viewed to be caused by the aging demographic of independent auto repair shop owners, and larger corporations and private equity money looking for market share and bay count.
The Service Professionals Summit will feature a diverse panel to look at the future of aftermarket consolidation from three distinctly different perspectives. Panel members are multi-shop owner Greg Bunch, president of Aspen Car Clinic and president of Transformers Institute; Jason Rainey, general manager, NAPA CarCare and representing the distribution/supplier side of the industry; and Rick Schwartz, co-founder and CEO of Schwartz Advisors LLC, a mergers and acquisition advisor and management consulting firm to the automotive and heavy-duty transportation industry. Carm Capriotto, host of the aftermarket podcast Remarkable Results Radio, will moderate the discussion.
Topics will include the factors driving consolidation; how consolidation at all levels will impact service professionals; the opportunities for sellers and buyers; what consolidators look for; and the impact of technology on consolidation.
The summit, part of AAPEX Service Professionals Day, will be held from 1:30 p.m. to 3 p.m. on Nov. 7, in the Mobility Garage, (Titian Ballroom at The Venetian Hotel).
AAPEX represents the more than $1 trillion global automotive aftermarket industry and will be held Tuesday, Nov. 5 through Nov. 7, at the Sands Expo.
The show is co-owned by the Auto Care Association and the Automotive Aftermarket Suppliers Association (AASA), the light vehicle aftermarket division of the Motor & Equipment Manufacturers Association (MEMA).