GCG’s Q2 2023 Automotive & AutoTech Industry Update provides an overview of the latest trends in the sector, including recent performance, valuation multiples, and the state of the middle-market M&A environment.
Key findings include the following:
- Automotive announced transactions decreased by 21% from Q2 2022 with 137 announced deals in Q2 2023. However, this is significantly higher than the prior quarter as there were only 71 announced automotive transactions in Q1 2023.
- In Q2 2023, there were 15 announced AutoTech transactions, up from 14 in Q1 and stagnant from 2022 Q2. Software deals continue to make up the majority of M&A activity over hardware transactions.
- Over the past year, the S&P 5000 and NASDAQ composite indices have outperformed AutoTech Software and Hardware public stock performance over the past 3 years as well as over the past calendar year. Automotive Manufacturers and Retailers have outperformed the S&P 500 and Dow Jones performance over the past 3 years, but only Retailers have continued to drastically outperform the indices over the past calendar year.
- Additionally, GCG has updated the AutoTech industry landscape with additional industry subsectors and key industry players.
Click here for the full update.
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