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AutoZone Carrying Lectron EV Chargers On Website
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By Counterman
Autel U.S. announced its entry into the EV charging solutions provider industry with the release of its MaxiCharger Home and Commercial Level 2 AC chargers.
The new chargers, available in 40-amp and 50-amp flexible charging configurations, are compatible with all plug-in electric vehicles and feature innovative software solutions that are the hallmark of all Autel products, the company said.
MaxiCharger Home 40-amp chargers are available as either an in-body holster or a separate holster, with either a NEMA 6-50 or a NEMA 14-50 plug. The MaxiCharger Home 50-amp is an in-body holster style and is ready for hard-wire installation. The MaxiCharger Commercial Level 2 AC charger offers 50-amp flexible charging.
The features of the MaxiCharger line include:
• J1772 standard charging port compatible with all EVs
• 25-foot charging cable with specially designed, ergonomic charging connector
• Level 2 (240-volt) charging with flexible amperage settings
• NEMA 6-50, NEMA 14-50 electrical plug or hard-wire options
• NEMA 3R-rated for indoor and outdoor use
• LED lights show charging status at-a-glance
• Wi-Fi-enabled for remote access and over-the-air firmware upgrades
The residential smartphone app enables scheduled charging for convenience and in-depth charging analysis to ensure you are charging at the best rates. A multi-layered commercial charger management portal provides a complete turnkey solution for property and fleet managers, workplace and commercial spaces.
“As Autel transitions to the exciting new reality of greener technologies, we are eager to use our nearly 20 years of experience in developing technologies that have dramatically changed the way technicians repair vehicles as a foundation for researching and developing new energy solutions,” Autel CEO Chloe Hung said.. Visit www. autelenergy.us or contact an authorized Autel dealer for more information about Autel EV chargers.
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By AutoZone
MEMPHIS, Tenn. , June 08, 2022 (GLOBE NEWSWIRE) -- AutoZone (NYSE:AZO) recognized 16 of its top vendors last night at its 2022 Vendor Partner Summit. The awards honor companies who provided exceptional performance and demonstrated a strong commitment to customer satisfaction during the past year.
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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 AutoZone
MEMPHIS, Tenn. , May 24, 2022 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $3.9 billion for its third quarter (12 weeks) ended May 7, 2022 , an increase of 5.9% from the third quarter of fiscal 2021 (12 weeks). Domestic same store sales, or sales for stores open at
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By AutoZone
MEMPHIS, Tenn. , May 05, 2022 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO), the leading retailer and distributor of automotive replacement parts and accessories in the Americas , will release results for its third quarter ended Saturday, May 7, 2022 , before market open on Tuesday, May 24, 2022 .
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