Quantcast
Jump to content
    • You can post now and register later. Already registered? sign in now to post with your account.
    • ×   Pasted as rich text.   Paste as plain text instead

        Only 75 emoji are allowed.

      ×   Your link has been automatically embedded.   Display as a link instead

      ×   Your previous content has been restored.   Clear editor

      ×   You cannot paste images directly. Upload or insert images from URL.


      Once you submit your question, a new topic will be created for you in our forums. Our moderators may move your topic to a more suitable forum category if one exists. Members will see your topic and be able to respond to your question.

    • This will not be shown to other users.
Junior

Advanced Autoparts buys Carquest/BWP

Recommended Posts

My Carquest rep came in today and spread the news that Carquest was bought by Advanced autoparts in a deal made in the last hours of last year. Execs at Advanced don't seem to be giving much input on their view as to how they will use their new acquisition. As it stands the best we know is that Carquest wholesale will remain mostly the same for about two years.

 

We have been buying heavily from Carquest over the past year. They are now our number one vendor for same day service parts. Quality is good, price is competitive and service is good. I am concerned though about how this change will effect the company. We don't do business with API, their low quality low price business model is not something that compliments a high quality repair shop like ours. Who else buys a lot from Carquest and what do you think you might do if Carquest/Advanced becomes the Walmart equivalent on the auto industry.

 

Press release

 

http://phx.corporate-ir.net/phoenix.zhtml?c=130560&p=irol-newsArticle&ID=1770210&highlight=

Share this post


Link to post
Share on other sites

We allow visitors to read the first post of each topic. To read this post, please login or register for a membership. 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Similar Topics

    • By AutoShopOwner
      Massachusetts voters are deciding in this year’s election on whether they---and not the vehicle manufacturers---have control over the repair data generated by the vehicle they purchased.
      The Auto Care Association and the Coalition for Auto Repair Equality (CARE) have supported efforts by the Massachusetts Right to Repair Committee to obtain public support for ballot Question 1, which would give the consumer choice in vehicle repair. 

      “While the battle has been hard fought and expensive, the Auto Care Association is pleased that the most influential publications in the state have seen through the negative advertising campaign being funded by the vehicle manufacturers and have unanimously urged their readers to vote ‘yes’ on Question 1,” said Bill Hanvey, president and CEO, Auto Care Association. “We trust that voters in the state will agree with these publication that the right to repair is important and that advances in vehicle technology should not be used to limit the ability for owners to have their vehicle repaired by the shop of their choice."

      These “‘Yes’ on Question 1” endorsements include: 

      The Boston Globe on Oct. 13 declared, “The reason the new Right to Repair measure should pass is simple: It is inherently unfair for car manufacturers to have sole access to a vehicle’s mechanical data, because it gives their dealerships an advantage over independent auto-repair shops. That ultimately hurts consumers, because with limited options come higher prices.”

      The Boston Business Journal on Oct. 15 maintained, “Without the ability to repair cars equipped with wireless electronics, repair shops will see declines in business in coming years as car owners are forced to get repairs done at more expensive dealerships. In the end, more of the millions of dollars that Bay State residents spend every year to fix their cars would go to out-of-state manufacturers. More neighborhood car-repair shops will go out of business."

      The Sun Chronicle on Oct. 21 stated, “…we think the opponents of the law have done themselves no favors by overhyping the risks it poses. For example, the ‘No’ campaigners lean heavily on a statement from ‘Jane Doe Inc.,’ a Massachusetts advocacy group against domestic violence and abuse. But, on its website, that group now says its position on the referendum has ‘evolved’ and, while saying it’s staying neutral, complains that it’s wrong to use the fears of abuse survivors to promote a political position. For that alone, we think the opponents of Question 1 deserve to get their comeuppance at the ballot box.”
      The Berkshire Eagle on Oct. 21 stated, “Question 1’s opponents had ample opportunity to explain why this lobby should keep a monopolistic grip on your car’s telematics. They instead spent their campaign dishonestly fear-mongering in an attempt to distract consumers from asking why carmakers should be able to flout the spirit of the extant Right to Repair law to drive more repair jobs to their dealership garages. Hopefully voters will see through this charade.”
       
      For more information about the Right to Repair ballot initiative in Massachusetts, visit massrighttorepair.org.
      Source: https://www.autobodynews.com/index.php/northeastern/item/21245-right-to-repair-ballot-initiative-endorsed-by-major-massachusetts-news-publications.html?start=1
    • By Joe Marconi
      As a result of COVID-19, most business realize the need to enhance their crisis planning. For example, I have  always set aside funds to offset any downturn, but my worst-case scenario fund accounted for a 25% decline in business. That was not enough.  In addition, securing a line of credit, to only be used in a economic crisis is another way to shore up a business financially.
      What changes have you made that will prepare your business for the next crisis?
       
    • By Elite Worldwide Inc.
      By Bob Cooper
       
      During difficult times like these it's important to look for creative ways to keep your shop's name in the minds of your community members. Here are 3 easy-to-implement tips that will help your shop build its brand recognition in today's climate. 
       
      1. If you have a shuttle or any type of vehicle that features the name of your shop, it's important to get that vehicle out in your community. There are plenty of charitable organizations you could partner with that may need delivery assistance, such as Meals on Wheels. You could also provide a shuttle service for local retirement homes and any other group that may need assistance getting around your community, or you could even deliver groceries or household items to these groups. Getting your business's name out there and helping your community will certainly help people remember your shop.
       
      2. Host an online course for people who are currently stuck at home. One specific idea is to host an online car care clinic for new drivers, teaching them things like how to maintain a car, how to deal with a flat tire, how to read and use their car's owner manual, and other similar topics. Not only will this help them learn vital information, but it will give them an indoor activity to focus their attention on, which I'm sure their parents will thank you for. 
       
      3. Now more than ever, it's important to have the right attitude each day. This is crucial not only for your own well-being, but for the well-being of everyone around you. A positive outlook will permeate throughout your staff and your community, and show people the type of business you have; one that views each day as a new opportunity to build a wonderful life and a wonderful company. 
       
      For additional help building a more successful auto repair business, feel free to give us a call at 800-204-3548 or visit the Elite website. 

      View full article
    • By jinjabred
      Hello all,
      Just curious if any shops occasionally leave keys in vehicles upon customer's request that have already paid.  If not do you have other solutions for after hours pickup? 
    • By Mark Johnson
      Shop owners did you hear? If you have been affected by COVID-19 you are eligible for a SBA disaster loan of up to $2M. This loan is from the Federal Government with interest an rate of 3.75% and up 30yrs payment term. It is not available in private financial institutions (banks).
       
      ALL STATES CAN NOW APPLY!   
      So what information do you need?
      A LOT!
      ●    Most recent Federal income tax returns
      ●    Personal Financial Statement
      ●    Schedule of Liabilities listing all fixed debts
      ●    You Fill out All SBA Paperwork
      ●    Year-end profit-and-loss statement and balance sheet for that tax year
      ●    A current year-to-date profit-and-loss statement
      ●    Monthly sales figures for increases in the amount of economic injury.
       
      And there may be even more!
       
      We are currently helping shop owners navigate through the applications process.
       
      For more info call us at 1954-324-0803 or book an appointment at https://calendly.com/markjohnsontaxplanner/45min

      View full article


  • AutoShopOwner Sponsors

×
×
  • Create New...