Aftermarket Pulse speeding up
A new report published by GiPA has examined the impact of Covid-19 on the UK Aftermarket.
The quarterly aftermarket activity report, below, called Aftermarket Pulse will assess the state of recovery of the aftermarket in 2021 on a quarterly basis.
Its first report looked back on the impact of the virus in the first quarter of the year, finding that while the aftermarket suffered massively from the lack of mileage due the third national lockdown from January to March 2021, the impact on UK workshops turnover was not as bleak as anticipated.
The GiPA 2021 forecast is 9.7% compared to 2019, while quarter one 2021 performed 5.3% above GiPA’s expectations. If the market behaviour carries on for the remainder of the year, with the same momentum, GiPA UK consider a more optimistic year end for 2021 with only a five per cent decrease when compared to 2019.
However, measuring quarter two will be critical to either confirm the market trend of a speeding good recovery.
GiPA UK general manager, Quentin Le Hetet said: “While quarter one 2021 performed below last year activity level and even more when compared to 2019, this is a positive outcome. Currently the market needs this positive outlook. With that being said, we should not ignore that Q2 will be challenging with the DSVA forecasting 53% decrease in volume of MOT test to be done compared to a typical year.”
[pdf-embedder url=”http://www.bodyshopmag.com/wp-content/uploads/2021/05/Skills-Shortage-Crisis.pdf” title=”Skills Shortage Crisis”]
