Over time, as vehicles have become more technologically advanced, maintenance and repairs have become more complex in turn, spurring DIFM to grow somewhat faster than DIY - a trend we expect to continue. This transition often entails maintenance and repair work performed by franchised dealers for newer, especially warrantied, vehicles do-it-for-me (DIFM) repair shops for middle-aged vehicles and do-it-yourself (DIY) consumers for higher-mileage vehicles. AutoZone and its three largest competitors (O'Reilly, Advance Auto Parts, and Genuine Parts) collectively claim less than half of the domestic market, and we expect them to continue to chip away at the remaining share over time.Īs vehicles age, rack up miles, and lose value, they tend to pass from higher to lower-income owners. AutoZone holds a sub-15% share of the estimated $90-100 billion relevant parts market, similar to that of competitor O'Reilly Auto Parts. The aftermarket auto parts industry encompasses the direct sale of parts to consumers as well as commercial sales to auto repair shops. Rebranded as AutoZone, the business returned to public equity markets in 1991. In 1984, Hyde and private equity firm KKR took Auto Shack's parent company private, and within four years had divested its sibling operations to focus on the growing auto parts chain. “Pitt” Hyde III opened its first location - then named Auto Shack. and plans to open its landmark 6,000 th store this year.ĪutoZone's history began in 1979 when entrepreneur Joseph R. It is the largest retailer of aftermarket automotive parts in the U.S. Downshifting Into 2021 With the Straightaway in SightĪutoZone (AZO) will be a familiar name to most readers - not only for its well-known slogan (“Get in the zone - AutoZone”) but for its expansive retail presence.
0 kommentar(er)
