GCG’s Q3 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 continued to decline in Q3 with 100 announced deals in Q3 2023, representing a 19% year-over-year decrease. This is lower still from the prior quarter as there were 137 announced automotive transactions in Q2 2023.

• In Q3 2023, there were 20 announced AutoTech transactions, up from 15 in Q2 and up significantly from Q3 2022 where only 8 transactions were announced. In Q3 2023, Hardware deals made up the majority of M&A activity and outpaced Software deals for the first time since Q3 2022.

• The S&P 500 and NASDAQ composite indices continued to outperform AutoTech Software and Hardware public stock performance over the past 3 years, however, these stocks have rebounded and now outpace the indices over the last twelve months. Automotive Manufacturers and Retailers have outperformed the S&P 500 and Dow Jones performance over the past 3 years and the last twelve months, collectively.

• GCG has updated the AutoTech industry landscape with additional industry subsectors and key industry players to accurately reflect the broad state of the market.

Click here for the full update.

See here for all Automotive & AutoTech News and Updates

Get in Touch

Tell us a little about yourself and we will get in touch as soon as we can.