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Inflation Dents DIY Spending, Crimps O’Reilly’s Q2 Sales
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By Counterman
Heavy-duty repair shops around the country reported up to a 40% year-over-year increase in counter sales, according to Fullbay’s 2023-2024 State of Heavy-Duty Repair Report.
Labor rates went up approximately $10 per hour compared to the 2022-2023 data.
link hidden, please login to view published the fourth-annual report in partnership with ATA’s Technology and Maintenance Council. “Our most extensive report to date, the fourth-annual edition brims with valuable data and analysis tailored to assist repair shops in optimizing their operations,” said Patrick McKittrick, CEO of Fullbay. “This all-encompassing report serves as a valuable resource for shop owners and managers, enabling them to benchmark their shop’s key metrics against counterparts nationwide. We take pride in providing transparent and unbiased data, supporting our industry partners and peers in their consideration of heavy-duty vehicle maintenance best practices.”
Among the highlights in the report:
45% of respondents reported between 21% to 40% increases of counter sales from 2022 to 2023 Labor rates increased 9% across the country in 2023 – equating to a roughly $10-per-hour increase Over 40% of respondents reported a net profit between 11% and 20% 18% of shops surveyed were pulling in between $1 million to $2 million each year, while 12% reported revenue between $250,001 and $500,000 25% of technicians indicated they worked at only three shops throughout the course of their entire career “For over 60 years, TMC has aided in developing best practices, technology, and maintenance practices to support the heavy-duty repair industry to specify and maintain their fleets more effectively,” said TMC Executive Director Robert Braswell. “There is no shortage of challenges repair shops face, and this annual report is an excellent tool for individuals of all sectors within the industry to use as a guide when faced with those particular challenges on a daily basis.”
Fullbay’s report data is drawn from individual survey responses and real-world shop data. More than 1,000 individuals from the commercial freight, logistics and repair industries completed the survey, while shops across North America, Australia and New Zealand were sampled for authentic shop data. Those surveyed were a combination of both customers and non-customers of Fullbay, while all sampled data went through data masking.
The 2024 report is available for free download
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By AutoZone
MEMPHIS, Tenn. , Feb. 27, 2024 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $3.9 billion for its second quarter (12 weeks) ended February 10, 2024 , an increase of 4.6% from the second quarter of fiscal 2023 (12 weeks). Same store sales, or sales for our domestic and
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By Counterman
NTN Bearing Corp., the parent company of BCA Bearings and Bower Bearings, announced the addition of Kevin Huckins to the company’s automotive aftermarket sales team.
Huckins is joining NTN’s automotive aftermarket business unit as regional sales manager, Western region.
“We are thrilled to add Kevin to our sales management team,” said Charles Harris, vice president of sales & marketing – automotive aftermarket for NTN. “His in-depth knowledge of the automotive and heavy-duty aftermarkets are an important asset to our organization, and his experience in sales management and ability to navigate our multifaceted distribution channels make him the ideal candidate to take our western region to the next level. I welcome his energetic, get it done attitude, and look forward to empowering his success in this role.”
Huckins, who resides in the Seattle area, joins NTN with an extensive and successful background in sales management in the automotive and heavy-duty aftermarkets, NTN noted.
His experience includes 26 years as an area/regional sales manager for Tenneco on the automotive side, followed by six years as a regional manager for Industrial Parts Depot, where he focused on the heavy-duty aftermarket.
In his role as regional sales manager, Western region, Huckins will manage NTN’s multipronged sales efforts and sales-agency partners for the automotive aftermarket and heavy-duty aftermarket business segments.
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By Counterman
AutoPartSource/Momentum USA received the Sales & Service Award at the O’Reilly Auto Parts 2024 Leadership Conference in Dallas.
This is the second year in a row that O’Reilly has honored AutoPartSource/Momentum USA with the award.
On hand to accept the award for AutoPartSource were: John Amalfe, ownership; Dave Gonzales, senior VP sales & marketing; Jacob Eveland, marketing manager; Christina Youngblood, sales; and Dave Nickerson, NA Williams; and the sales & support team.
AutoPartSource/Momentum USA, a leading manufacturer of automotive cabin air filters, has been the prime supplier for the O’Reilly MicroGard and HEPA cabin air filter lines.
The company noted that 100% of the HEPA line is manufactured in the United States with U.S. raw materials.
Most of the MicroGard products have transitioned from being globally sourced to also being made in the United States, according to the company.
“Being honored by the premier automotive aftermarket organization in the country for the second consecutive year is an extreme honor for our entire company that we do not take for granted,” said John Amalfe, owner of AutoPartSource/Momentum USA. “Instead, this achievement makes us want to continually improve in all aspects of our business which translates to more sales growth for both companies.”
O’Reilly’s Sales & Service Award acknowledges outstanding performance, dedication to excellence and unparalleled service in the automotive aftermarket.
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By Alan
To Importers in the Global Tire Industry:
Please read this as it might inspire you. Many international friends have been perplexed about how to import tires manufactured in China and sell them in their home countries. China's tire industry has experienced rapid growth over the past decade, marking a period of significant dividends. Many early investments in large factories have yielded substantial returns. However, with an increasing number of factories and brands, the competition has intensified. For those who wish to enter this industry but are unsure about how to proceed, please follow my website. I will periodically update it with information about China's tire industry for your reference.
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