This post was originally published on this site
As governments worldwide are reinstating lockdown and social distancing measures to limit the spread of the highly transmissible Delta variant of the coronavirus, people have again started avoiding public transportation. Since the semiconductor chip shortage leads to rising prices for new cars, people are getting their old cars fixed or buying used cars. This is leading to increasing demand for aftermarket auto parts and accessories. According to a Precedence Research report, the global automotive aftermarket is expected to expand at a CAGR of 4.61% from 2021 to 2027.
MGA has gained 10.4% over the past six months, while APTV returned 8.5%. However, APTV’s 22.5% gain year-to-date are higher than MGA’s 19.2% return. Moreover, APTV is the clear winner with a 90.4% gain versus MGA’s 73.1% in terms of the past year’s performance.
