UK workshops turnover was not as bleak as anticipated
Following the unprecedented storm that shook the UK aftermarket in 2020, GiPA created a quarterly
aftermarket activity report called Aftermarket Pulse.
The objective was simple: assess the state of recovery of the aftermarket in 2021 on a quarterly basis.
Whilst the aftermarket suffered massively from the lack of miles due to the third national lockdown from January to March 2021, the impact on UK workshops turnover was not as bleak as anticipated.
The 2021 forecast is -9.7% vs 2019 (which was considered a “normal year”). Q1 2021 performed 5.3% above GiPA’s expectations.
If the market behaviour carries on for the remainder of the year, with the same momentum seen in Q1, GiPA UK considers a more optimistic conclusion for 2021 with only a -5% decrease when compared to 2019.
Measuring Q2 will be critical to either confirm the market trend of a speedy recovery, or on the contrary if Q1 was a mirage and recovery will be slower than planned.
GiPA UK General Manager, Quentin Le Hetet says: “While Q1-2021 performed below last year’s activity level and even more when compared to 2019, this is a positive outcome.
With that being said, we should not ignore the fact that Q2 will be challenging with the DSVA forecasting 53% decrease in volume of MOT testing to be done compared to a typical year.”