NAPA Auto Parts (Europe)’s Post

AutomotiveWoman NEWS | GMC Expanding Global Market Reach - Read about the New Countries Selected: https://lnkd.in/em-SfDJu #automotivewoman #gm #gmc #globalbusiness #carbusiness General Motors

Mullen Automotive Hires New Distributor In Europe - What's Going On?: Mullen Automotive, Inc. MULN shares are trading … CEO and chairman of Mullen Automotive. GAMA’s initial vehicle order … commercial vans and trucks.  Mullen Automotive said GAMA has expertise in … Utah Photo: Courtesy of Mullen Automotive, Inc. Market News and Data … #car #cars #awesome

Auto parts retailers are thriving due to high car prices and limited inventory. Likewise, more consumers are maintaining their current vehicles, boosting sales for companies like AutoZone, O'Reilly Auto Parts, and NAPA Auto Parts. This trend is driving up demand for retail spaces too. "The major players within the space such as O'Reilly and AutoZone have done a great job in their expansion efforts, locating new stores and relocating older stores in high-traffic areas within new major retail developments," says Patrick Nutt, Executive Vice President of SRS Capital Markets. "[Auto parts retailers] are an example of brick-and-mortar retail being an irreplaceable part of a business." Click the GlobeSt.com article to learn more about this market shift ➡️ https://lnkd.in/gcfAT8-R #AutoParts #Retail #MarketTrends #VehicleMaintenance

Advance Auto Parts Last ten years a complete waste 5 year. 10 year. up AutoZone.+250% +350%$1807 Advance. - 57% -61% -104 Genuine. + 33% +38% $36. Orly. + 227% +375% $653 Not surprising not just a blip rather a long term trend. When Autozone is down 3% thats $100.00 more than AAP stock price The whole board needs to be replaced. Need to load up with Automotive talent not Pepsi The Pepsi years were the worst in every respect 1st quarter 2024 will be a continuation of this downward trend for Advance Auto

The Genuine Parts Company’s automotive Global Automotive segment generated $3.46 billion in net sales for the quarter — an increase of 0.8% compared to a year ago but down 2.7% on a comparable-store basis up against an +8.0% comp a year ago. Total U.S. Automotive sales decreased 5.6%, with comp-store sales down 6.1%. Sales to commercial customers were down low single digits, while sales to DIY customers were down mid-single digits. For commercial, NAPA Auto Care saw low-single-digit … (more) … https://lnkd.in/gsjH6hgn #GPC #NAPA #aftermarket #autoparts #autocare

This from Vast-Auto Distribution and O'Reilly Auto Parts #automotiveaftermarket #mergersandacquisitions #automotive #aftermarket

🤝 A1 Motor Stores has announced a partnership with global one automotive GmbH, an automotive alliance of trading groups. Effective 1st July, 2024, A1MS will become a shareholder of Global One Automotive. The decision to join Global One Automotive aligns with A1 Motor Stores’ commitment to "enhancing its presence and competitiveness" within the UK automotive aftermarket. 🗣 simon salloway, managing director of A1MS, said: “This new alliance underlines our ambition to strengthen our presence in the automotive aftermarket. Membership of Global One Automotive will empower us to support independent member businesses through increased competitiveness, best practices, and global market insights.” #PMF #A1MS #GlobalOneAutomotive #motorfactor #buyinggroup #automotiveaftermarket

A blast from the past!! Nissan Motor Corporation continues its attempt to move old inventory (2023 models) with field staff calling dealers to take vehicles. Nissan dealers are largely unprofitable in North America and its committed dealers continue to deal with the OEM's dysfunctional culture that is decades old. Kudos to them for sticking with the brand, but the franchise value is among the lowest in the industry and there are no indications to see it rectified. Days supply, Asian OEMs: Nissan 104 Hyundai 83 Kia 60 Honda 48 Toyota 34 Industry average 76 Only Honda and Toyota Motor Corporation are at healthy levels (not 60 days!!) Nothing learned from the Covid/chip shortage period....highest profitability ever recorded for OEMs and dealers. #automotive #automotiveindustry #marketing #digitalmarketing #sales #leadership #management #innovation #ecommerce #branding #ai #brand #ev #electricvehicles #technology

Stellantis struggles in Canada and the US remain. Canadian dealers want vehicles with the ‘best mix of affordability and desirability’....DESIRABILITY stands out. The Jeep brand has been in decline, with growing competitive entries into previously dominated segments. Too much inventory have induced massive incentives on RAM trucks and other vehicles, with overly high days supply. Big declines in sales and market share...."Stellantis sales in Canada last year fell 6.3 per cent against an overall market that was up 12.6 per cent, according to the Automotive News Research & Data Center in Detroit. The company’s market share fell to 9.3 per cent last year from 11.2 per cent in 2022." PRODUCT, PRODUCT, PRODUCT!!! Ford Motor Company, General Motors #automotive #automotiveindustry #marketing #digitalmarketing #sales #leadership #management #innovation #ecommerce #branding #ai #brand #ev #electricvehicles #technology

Maxxis is a GM Supplier of the Year for an eighth consecutive year. GM recognised the tyre maker at an event honouring the company’s top global suppliers for 2023. “We are truly grateful for this award and for our longtime partnership with GM,” comments Andy Lee, president of Maxxis International – USA. “Working to meet the expectations of one of the world’s greatest automakers is a top priority for all of our employees, and we’re excited and honoured to work with GM as the auto industry evolves to meet ever-changing customer needs.” Pushing boundaries together A global, cross-functional GM team rigorously selects Supplier of the Year and Overdrive award winners based on performance, innovation, cultural alignment with GM’s values and commitment to achieving GM’s goals. The GPSC Priority Wheel guides the selection process, prioritising the customer in every aspect of supply chain decision-making. This framework prioritises three core values: Safety, Inclusion and Relationships. These foundational values underpin all other priorities, including Sustainability, Innovation, Execution, Resilience and Profitability. “We’re honoured to partner with these top suppliers who have made notable contributions to our transformation. Together, we’re pushing boundaries, pioneering new technologies and redefining what’s possible,” says Jeff Morrison, vice president, GM global purchasing and supply chain. “Their innovation and support are critical to helping us deliver the world-class vehicles our customers have to come expect.” https://lnkd.in/eRMYwDWm