Automotive Update: Fourth Quarter 2011
Deloitte Corporate Finance LLC
This quarter’s Automotive Update, produced by Deloitte Corporate Finance LLC (DCF), summarizes the most recent transactions within this industry along with information on the most active buyers, current transaction valuation multiples and an overview of the public market’s perception of the industry.
- In Q4, light vehicle production eclipsed 13 million units for CY2011, a 14.6% increase year-over-year.
- Key global automotive M&A results remained flat for 2011; however, average observed transaction multiples improved slightly with an average multiple of 7.3x EBITDA in 2011 compared to 6.7x EBITDA in 2010.
- Positive production forecasts for 2012 will likely drive M&A activity, as many suppliers look to make acquisitions in order to meet global demand.
Download the Automotive Update below.