While it is no secret that the aftermarket stock performance has lagged, there is good reason to accentuate the positive aspects of the industry, says Richard Conti, group vice-president Automotive Care Group, The Clorox Company.
Conti says that, while the current growth and profitability numbers cannot be denied– aftermarket retailers and manufacturers have not been at the top of their categories–this is only part of the reason that the stock prices are where they are. An important aspect, he added, is improving the impression of aftermarket stocks among investors and prospects. Plus, he says, future prospects for growth are strong.
“The power of a widely held belief in a positive future is undeniable.”