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Joe Marconi

Advance Auto Parts buys CARQUEST/GPI: Good News!

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The Advance Auto Parts purchase of General Parts International/CARQUEST makes Advance one of the largest auto parts providers in North America. This deal allows Advance to have a larger penetration into the commercial market. The good news, according the Wall Street Journal, is that the commercial market is a larger and faster-growing than a fading Do-it-yourself market.

 

No one really knows the total impact of this deal. But one thing is for sure, Advance Auto Parts sees a future opportunity in the professional market, which consists in big numbers; the independent repair shops.

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