How to Win in the Auto Aftermarket—Even When the Economy Fights Back
The auto parts industry is under pressure. Supply chains are still a mess. Prices are rising. But here’s the twist—business is booming anyway. Experts say the U.S. automotive aftermarket will hit $535 billion in 2024. Online sales alone are growing at 9% per year. So, while some companies struggle, others are thriving. The question is: […]
Advance Auto Parts’ Strategic Overhaul: Navigating Store Closures and Market Realignment
In a decisive move to address financial challenges, Advance Auto Parts has announced plans to close over 700 locations, including 523 corporate-owned stores, 204 independently operated outlets, and four distribution centers, by mid-2025. This strategy aims to stabilize the company’s finances following a reported $6 million loss in the third quarter of 2024, with revenues […]