Automotive & Heavy-Duty Aftermarket Sector Brief 2025 Header

Sector Brief - September 17, 2025

M&A activity in the automotive and heavy-duty aftermarket sector is being shaped by several key themes, including an aging vehicle fleet, regulatory changes, elevated tariffs, and evolving consumer behaviors. Despite economic headwinds, vehicle enthusiasts are returning to upgrade, modify, and maintain their vehicles, supporting steady aftermarket activity. Investors are capitalizing on the growing demand for vehicle maintenance and repair, including a renewed interest in tire service.

In this Q3 brief, our Transportation & Logistics Group shares more on these and other trends alongside the market’s growth, as well as other insights, including:

  • How companies are navigating a dynamic macroeconomic environment

  • Pockets of resilience for investors to watch

  • Recent M&A activity and the current landscape of opportunities