GCG’s Q1 2024 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 in Q1 2024 with 107 announced deals, down from 119 in Q4 2023, representing a 10% decrease. However, this is still higher than the prior year as there were only 70 announced transactions in Q1 2023, representing a 53% year-over-year increase.
• In Q1 2024, there were 20 announced AutoTech transactions, up both year-over-year and quarter-over-quarter as there were 16 deals in Q1 2023 and 15 deals in Q4 2023. Hardware deals continue to account for the majority of AutoTech M&A activity, making this the third consecutive quarter featuring this trend.
• Over the last twelve months, AutoTech Software public stock performance outpaced the S&P 500 and NASDAQ composite indices with a 45.3% annual return compared to the S&P 500 and NASDAQ annual returns of 27.9% and 34.0%, respectively, with AutoTech Hardware underperforming with an annual return of 6.2% over the same period.  Automotive Retailers outperformed the S&P 500 and Dow Jones performance on an annual basis returning 35.3%, compared to the S&P 500 and Dow Jones annual returns of 27.9% and 19.6%, respectively. Automotive Suppliers underperformed with an 11.7% decrease in value over the last twelve months.

Click here for the full update.

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