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By Counterman
During AutoZone’s fiscal second-quarter 2022 conference call in March, company executives asserted that its pandemic-driven sales momentum could be sustained, even after consumers blow through their stimulus payments.
AutoZone’s fiscal third-quarter results did nothing to convince them otherwise.
“We believed our competitive positioning was materially improved, as indicated by our significant retail share gains and rapidly accelerated commercial sales growth,” AutoZone CEO Bill Rhodes reflected during the company’s third-quarter conference call on May 24. “We believed customer behavior may have permanently changed. We continue to believe all of this today.”
AutoZone reported fiscal third-quarter net sales of $3.9 billion, a 5.9% year-over-year increase. The company’s fiscal third quarter ended on May 7.
Domestic same-store sales, or sales for stores open at least one year, increased 2.6% for the quarter. AutoZone delivered the 2.6% increase against some extremely tough comparisons: In the fiscal third quarter of 2021, same-store sales jumped nearly 29%.
If AutoZone indeed is able to sustain its momentum from 2020 and 2021, “it’ll be the fourth time in the last 30 years that the economy and society have been through significant shocks leading to material acceleration in our growth in sales and profits, without a corresponding decline back to pre-recessionary or pre-pandemic levels,” Rhodes said.
DIFM sales, which suffered in the first few months of the pandemic in 2020, continued to rebound. AutoZone’s commercial sales rocketed 26% higher to $1.04 billion, a third-quarter record for the company.
Weekly commercial sales per store also set a quarterly record, at $16,600, up from $13,500 in fiscal Q3 2021. The company averaged approximately $87 million in total weekly commercial sales.
During the quarter, AutoZone launched 43 net new commercial programs, finishing with 5,275 total programs.
“As I’ve said since the outset of the year, commercial growth will lead the way in FY 22, and our results in the third quarter and year to date reflect this dynamic,” CFO Jamere Jackson said during the conference call.
Rhodes attributed the DIFM growth to a number of companywide initiatives, including expanded hub and megahub coverage, “the strength of the Duralast brand,” technology investments, a more effective salesforce and improved delivery times.
Domestic DIY sales slipped 4.5% during the quarter – another case of tough comps. Rhodes noted that U.S. consumers received stimulus payments in the third quarter of 2021, which led to record DIY-sales growth.
“We’re very proud of our DIY results,” Rhodes added. “Considering we had such a tough comparison to last year, from the data we have available to us, we continued not only retain the enormous share gains in dollars and units built during the initial stages of the pandemic, but [also] modestly build on those gains.
“Our performance, considering the amount of time from the last stimulus and the ending of the enhanced unemployment benefits, has substantially exceeded our expectations and gives us continued conviction about the sustainability of the massive elevated sales levels we have experienced since the beginning of the pandemic.”
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By Counterman
Continental received the award for Best New Technology Product during AAPEX 2021 for its new Autodiagnos Drive remote vehicle-data solution.
The Automotive Aftermarket Suppliers Association (AASA) presented the award during a special ceremony at the start of the show. Autodiagnos Drive is designed to deliver advanced diagnostic information to service providers, fleet managers and repair facilities so they can maximize theirdata-driven services. The easily installed, plug-and-play technology increases productivity, reduces downtime and enhances customer service by keeping customers continuously aware of the vehicle’s condition via live access to extended vehicle diagnostic data, according to the company.
Continental Autodiagnos Drive was part of the AAPEX 2021 New Product Showcase, which debuted the industry’s newest products and allowed the products to be judged electronically by pre-registered buyers who viewed the products in the AAPEX Product Plus magazine. Entries with the most votes were named Best New Product in each of eight categories. In addition to New Technology, the other categories included: Tools & Equipment; Safety; Hard Parts; Chemicals, Lubricants & Filters; Automotive Lighting; and Appearance Chemicals & Car Care.
The award was accepted by Howard Laster, executive director and general manager, Continental Automotive Systems, and Christopher Bahlman, head of Diagnostics and Services, Continental Commercial Vehicles and Services.
“We are extremely delighted to be the recipient of this prestigious award,” Bahlman said. “We are proud of our entire team’s efforts to make Autodiagnos Drive a reality and help our customers increase productivity, reduce downtime, enhance customer service, while gaining better insights into the condition of the vehicles they service or manage. Every member of the Diagnostics and Services team is excited about the recognition they have received for their hard work and dedication.”
In addition to the new Autodiagnos Drive, Continental’s Diagnostics and Services group also features two major diagnostic tool programs: Continental Autodiagnos PRO automotive diagnostic system; and Continental Autodiagnos TPMS tools. Both programs are designed to meet the needs of aftermarket service professionals by streamlining vehicle data that technicians can use to analyze, diagnose and repair vehicles faster and better, according to the company.
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By Counterman
Continental has just launched the Autodiagnos Drive, a remote vehicle-data solution designed to deliver advanced diagnostic information that service providers, fleet managers and repair facilities can use to maximize their data-driven services.
“This easily installed, plug-and-play technology provides users with live access to extended vehicle diagnostic data for all popular makes and models of passenger cars, light trucks and commercial vehicles, so they stay continuously aware of the vehicle’s condition,” the company said in a news release. “Autodiagnos Drive helps customers increase productivity, reduce downtime, enhance customer service and gain better insights into the condition of the vehicles they service or manage. The system will also help them to quickly provide vehicle owners with reliable and up-to-date information about their vehicle’s health and performance parameters.”
The Autodiagnos Drive remote vehicle-data solution is the result of years of development and engineering. It incorporates OEM diagnostic data, unique OEM-grade hardware and secure data routing and storage. The platform is hosted by Continental and integrates with customers’ own service platforms through APIs. This means that shops, fleets, insurance providers, roadside services and owner-operators will have secure and robust access to not only generic, but also OEM-specific vehicle data that is tailored to their needs, according to the company.
In order to deliver results with excellent reliability and maximum security, Autodiagnos Drive uses the latest in cybersecurity standards and testing. The hardware is built to OEM standards, using diagnostic data purchased and/or licensed directly from the OEMs.
“Access to remote vehicle data reduces the need to bring the vehicle to the service provider to assess its condition,” said Christopher Bahlman, head of diagnostics & services, Continental Commercial Vehicles and Services. “Furthermore, it can greatly increase productivity for service centers, as well as reducing headaches for vehicle owners. This is especially important given the complexity of today’s vehicles and the value of everyone’s time.”
Continental’s Autodiagnos Drive is an “all-makes” remote vehicle-data solution for light-duty vehicles with CAN-based architectures and is suitable for use on nearly every light-duty vehicle produced since 2008, according to the company. It is easy to use, but robust and secure, and can be updated as vehicles evolve. It will be accessible to users on a 24-hour/seven-day basis.
“Continental has worked with OEMs, global telecoms, providers of cybersecurity services, and other automotive professionals to create a platform that is unique in its ability to harness OEM diagnostics data, unify that data and route it to service providers to deliver insights about vehicle health and usage,” Bahlman added. “Whether it’s knowing fuel level, odometer, vehicle location or a broad array of vehicle data delivered in real time with the utmost security, Autodiagnos Drive is a flexible and scalable solution.”
In addition to the new Autodiagnos Drive, Continental’s Diagnostics and Services group also features two major diagnostic-tool programs: Continental Autodiagnos PRO automotive diagnostic system and Continental Autodiagnos TPMS tools. Both programs are designed to meet the needs of aftermarket service professionals by streamlining vehicle data that technicians can use to analyze, diagnose and repair vehicles faster and better.
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By RockAuto
add a qualifying Gates Belt Drive Component Kit to your cart and instantly save 10% per kit.
View on RockAuto.com
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By Auto News
link hidden, please login to viewCommutes to work are longer than ever, according to the most recent U.S. Census, with the average commute time up 20 percent since the Census began tracking this data in 1980. The more time we spend in our cars, the more important it becomes to make sure our vehicles are comfortable and safe places to be, says the non-profit Car Care Council. The Car Care Council has a number of tips for commuters to help ensure their trips to and from work are as enjoyable and worry-free as possible.
Change your cabin air filter. The cabin air filter is responsible for cleaning the air entering the passenger compartment. A functioning cabin air filter will help keep dirt, pollen, dust and exhaust fumes from entering your vehicle’s interior. Changing the cabin air filter at recommended intervals will allow you and your passengers to breathe clean air free from allergens and pollutants while commuting to and from work. Maintain vehicle safety systems. A vehicle’s wipers, mirrors, lights and brakes are key safety features that require routine maintenance. To ensure that you can see and be seen while on the road, make sure all lights are properly functioning, mirrors are clean, and both are properly aligned. Replace wiper blades that are cracked, chattering or streaking in order to maintain a clean windshield. Because driving in stop-and-go traffic is hard on a vehicle’s braking system, have your brakes inspected regularly as brakes are your car’s most important safety feature. A clean car makes a happy driver. The more time spent in the cars, the more likely dirt and clutter will collect inside. Maintaining a clean vehicle not only makes for a more comfortable drive, but it also contributes to a vehicle’s safety and longevity. Remember to keep the floors free of debris that may obstruct the foot pedals, and wash your car regularly to protect the paint, minimize rust and corrosion, and keep your windows clean for improved visibility. The non-profit Car Care Council is the source of information for the “Be Car Care Aware” consumer education campaign promoting the benefits of regular vehicle care, maintenance and repair to consumers. For the latest car care news, visit the council’s online media room at
link hidden, please login to view. To order a free copy of the popular Car Care Guide, visit the council’s consumer education website at link hidden, please login to view. The post
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