For the six companies in the Hilco Parts Index (HPI), net sales for the 12 months ended September 2022 increased 8.8% when compared to the 12 months ended September 2021.

This quarterly update presents information and insights pertaining to continued inventory, pricing and sales volume challenges being faced by the automotive industry, as supply chain issues persist.

For the six publicly traded aftermarket parts companies comprising the Hilco Parts Index, net sales for the 12 months ended June 2022 increased by 8.9% as compared with the same period the year prior.

The U.S. automotive industry sold 1.2 million new cars and light-duty trucks in the month of June, a seasonally adjusted annual rate (SAAR) of 13.0 million vehicles. The June SAAR was marginally better than the prior month but significantly lower than the SAAR of 15.4 million vehicles recorded one year prior. June marks the 12th consecutive month in which the industry’s SAAR fell short of the prior year’s results.