Auto part prices are rising faster than expected and inflation will heat up into year-end, according to the chief financial officer of Advance Auto Parts, one of the country’s biggest aftermarket ...
Advanced Auto Part's restructuring has returned the company to profitability, and it should start generating cash in the second half. The stock was recently sold off due to higher interest rate ...
Advance Auto Parts announced the closure of over 700 stores with the release of the company's third-quarter report released Thursday. The Advance Auto Parts' gross profit increased 11% in the third ...
Automotive mechanics are in high demand to keep cars running longer at the same time auto parts are getting more difficult to find. According to the Automotive Aftermarket Suppliers Association, there ...
Despite the continued semiconductor chip shortage and high-interest rates for auto loans, the auto parts industry is expected to grow significantly this year, driven by solid demand amid an increasing ...
When most investors decide that they want to invest in the automotive industry, they start purchasing stocks from Ford Motor Company (NYSE: F), Mitsubishi (TYO: MSBHY), Nissan (NASDAQ: NSANY) or ...
The ubiquitous Advance Auto Parts will be less so in the next couple of years. The automotive parts retailer will shutter more than 700 locations by 2027. The move is part of an adjusted business plan ...
The Trump administration wants to bring more auto manufacturing back to the United States with stiff tariffs. That could mean untangling supply chains that crisscross the border repeatedly, leaving ...
One of the pandemic's lingering side effects is a shortage of auto parts. One driver tells us his vehicle was in the shop for months. He said he was making lease payments on a vehicle he couldn't use ...