GCG’s Q2 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 slightly increased in Q2 2024 with 112 deals, up from 107 in Q1 2024, marking a 4.7% rise. However, this reflects an 18.2% year-over-year decline from 137 deals in Q2 2023.
• There were 16 AutoTech transactions in Q2 2024, a small year-over-year increase but a 20.0% drop from Q1 2024’s 20 deals. Hardware deals continued to dominate AutoTech M&A activity by more than a 2:1 ratio, consistent over the past four quarters.
• Over the last twelve months, AutoTech Software had an 18.3% annual return, trailing the S&P 500 and NASDAQ, which returned 24.1% and 29.8%, respectively. AutoTech Hardware underperformed with a -13.9% return. Automotive Retailers outperformed both Automotive Manufacturers and Suppliers, with a 4.7% return compared to -12.4% and -23.8%, respectively. None of these segments outpaced the S&P 500 or Dow Jones on an annual basis, which returned 24.1% and 16.0%, respectively.

Click here for the full update.

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