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By GreenGears Auto Limited
GreenGears Auto Limited, your trusted partner in providing affordable, quality car parts and sustainable automotive solutions. At GreenGears, we are committed to delivering eco-friendly auto parts that help you maintain your vehicle while caring for the environment.
Founded with a vision to revolutionize the automotive industry, GreenGears Auto Limited specializes in offering recycled car parts and aftermarket auto parts that meet the highest standards of quality and reliability. Our extensive range of used car parts ensures that you have access to the exact components you need, whether you're looking for discount auto parts or specialized custom car parts.
As a leading vehicle parts supplier, we are proud to support eco-conscious vehicle repair and green car maintenance. Our green automotive solutions are designed to minimize environmental impact while providing you with the sustainable car parts required to keep your vehicle running smoothly.
At GreenGears Auto Limited, customer satisfaction is our top priority. We offer fast auto parts shipping, comprehensive car parts delivery, and expert auto parts advice to ensure that your automotive needs are met with the highest level of service. Whether you're searching for car parts online or need assistance with car part replacement, our team is here to help.
Explore our wide selection of GreenGears car parts today and discover why we are the go-to source for eco-friendly auto parts and automotive spare parts. With GreenGears, you can trust that you're choosing environmentally friendly auto repairs and contributing to a greener future.
Join us in our mission to make the automotive world more sustainable, one part at a time. GreenGears Auto Limited—your destination for green automotive solutions and quality car parts.
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By GreenGears Auto Limited
When it comes to maintaining or repairing your vehicle, the costs can quickly add up, leaving you with a hefty bill. But what if you could get the parts you need without breaking the bank, while also doing your part for the environment? That’s where GreenGears Auto Limited comes in.
Why Choose Used Auto Parts?
Choosing used auto parts isn't just about saving money—it's about making smarter, more sustainable choices. Here’s why opting for used parts from GreenGears Auto Limited is a win-win:
Cost-Effective Solutions: New auto parts can be expensive, especially for older vehicles. At GreenGears, we offer high-quality used parts at a fraction of the cost. Whether you need a replacement engine, a new set of tires, or a specific component for your car’s make and model, our extensive inventory is sure to have what you need.
Environmental Impact: Every time a car is scrapped, a wealth of reusable parts goes with it. By choosing used parts, you're helping to reduce waste and decrease the demand for new manufacturing, which in turn lowers the carbon footprint. GreenGears Auto Limited is committed to promoting sustainable automotive practices, and we take pride in helping our customers make greener choices.
Quality You Can Trust: At GreenGears, we understand that reliability is key. That’s why we thoroughly inspect and test all our parts to ensure they meet the highest standards. Our team of experts is dedicated to providing you with parts that perform as good as new, offering peace of mind without the premium price tag.
Wide Range of Inventory: No matter what you drive, we likely have the part you need. Our ever-growing inventory includes components for a vast array of makes and models, both domestic and foreign. From engines and transmissions to brakes and headlights, GreenGears is your one-stop-shop for all things automotive.
Expert Assistance: Not sure exactly what you need? Our knowledgeable staff is here to help. With years of experience in the automotive industry, we can guide you to the right part and offer advice on installation and maintenance.
Supporting a Sustainable Future
At GreenGears Auto Limited, we're not just in the business of selling car parts; we're in the business of supporting a sustainable future. Every part we sell is a step towards reducing waste, conserving resources, and promoting eco-friendly practices in the automotive world.
Join the GreenGears Community
By choosing GreenGears, you’re not just getting great deals on quality parts—you’re joining a community of like-minded individuals who care about their vehicles and the planet. Follow us on social media, sign up for our newsletter, and stay connected for the latest inventory updates, special promotions, and tips on how to keep your car running smoothly and sustainably.
Visit Us Today www.GreenGearsAuto.com
Ready to save money, reduce your environmental impact, and keep your car in top shape? Visit GreenGears Auto Limited today and discover the difference that quality used auto parts can make. Whether you’re a DIY enthusiast or a professional mechanic, we have what you need to get the job done right.
GreenGears Auto Limited: Driving smarter, living greener.
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By GreenGears Auto Limited
Are you looking for affordable and eco-friendly solutions for your car repairs? Look no further than Green Gears Auto Limited! We are a leading provider of high-quality used car parts, specializing in components for electric vehicles (EVs), hybrids, and other environmentally conscious vehicles.
Why Choose Green Gears Auto?
Extensive Inventory: We have a wide selection of OEM (Original Equipment Manufacturer) used parts, including hard-to-find components. Quality Assurance: All our parts are thoroughly inspected and come with a warranty for your peace of mind. Environmentally Friendly: By choosing used parts, you're helping to reduce waste and conserve resources. Affordable Prices: Save money on your car repairs without sacrificing quality. Expert Support: Our knowledgeable team is always ready to assist you in finding the right parts for your vehicle. Our Commitment to Sustainability:
At Green Gears Auto, we believe in a greener future for the automotive industry. We're committed to promoting sustainable practices by:
Reducing Waste: We extend the life cycle of automotive components, preventing them from ending up in landfills. Conserving Resources: Reusing parts reduces the need to manufacture new ones, saving energy and raw materials. Supporting Eco-Friendly Vehicles: We specialize in parts for EVs and hybrids, helping to accelerate the transition to a cleaner transportation system. Join Our Community:
We invite you to visit our website,
link hidden, please login to view, to explore our extensive inventory and learn more about our commitment to sustainability. You can also join our online forum to connect with other eco-conscious car enthusiasts and get expert advice on repairs and maintenance. Call to Action:
Browse our Inventory: Find the parts you need today and start saving money and the planet. Contact Us: Have a question? Our friendly team is here to help. Together, let's build a greener future for the automotive industry!
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By Counterman
link hidden, please login to view announced the acquisition of Rowe Auto Service, marking the company’s third acquisition since the Berrodin Parts Warehouse affiliation in October 2023, and is in addition to 32 greenfield locations opened year-to-date in 2024 and 30 locations opened in 2023. link hidden, please login to viewalso announced that the recently purchased 217,000 sq. ft. distribution center in Chicopee, Massachusetts, is expected to open in March 2025. Rowe Auto Service in Oneonta, NY, has been owned and operated by the Odell and Hogan families for nearly 60 years. It was purchased by Howard J. Odell and Joseph R. Hogan in June 1964 from the original Rowe brothers. Their sons Lance E. Odell and Joseph D. Hogan worked in the business and, in June 1995, purchased the company from their fathers. They will stay on with Fisher Auto Parts beyond the transition.
“As a family-owned, privately held business with an experienced team of professionals, Rowe Auto Service is a good fit for Fisher Auto Parts,” said Geoffrey Shifflett, area vice president of Fisher Auto Parts. “We plan to grow market share in this region, so we are very pleased that Lance and Joe agreed to pass the torch to us, and we thank them for staying on to help with the transition.”
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By Advance Auto Parts
RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced its financial results for the second quarter ended July 13, 2024.
“Our team delivered positive comparable sales growth while navigating a challenging demand environment during the second quarter. I would like to thank the team for their hard work and dedication to serving our customers,” said Shane O’Kelly, president and chief executive officer. “We continue to make progress on our decisive actions with an increased focus on the Advance blended box. This morning, we announced the sale of Worldpac for $1.5 billion. This transaction is a critical milestone in our turnaround as it enables us to strengthen our balance sheet and streamline our focus. The next chapter of our strategic and operational review will now focus on the remaining Advance business, with the goal of improving our sales trajectory and the productivity of all our assets to deliver stronger returns for our shareholders.”
Second Quarter 2024 Results (1,2)
Second quarter 2024 net sales totaled $2.7 billion, which was flat compared with the second quarter of the prior year. Comparable store sales increased 0.4%.
The company's gross profit decreased 2.3% to $1.1 billion. Gross profit margin was 41.5% compared with 42.5% in the second quarter of the prior year. This was primarily due to the company's strategic pricing investments and higher product costs.
SG&A expenses were $1.0 billion, or 38.9% of net sales compared with 37.8% in the second quarter of 2023. This increase was primarily due to wage investments in frontline team members and an increase in professional fees, including costs associated with the implementation of the company's strategic plan and the remediation of the company’s previously-disclosed material weaknesses. This was partially offset by a reduction in marketing expenses.
The company's operating income was $71.8 million, or 2.7% of net sales compared with 4.7% in the second quarter of 2023.
The company's effective tax rate was 27.5%, compared with 26.4% in the second quarter of 2023. The company's diluted EPS was $0.75, compared with $1.32 in the second quarter of 2023.
Net cash provided by operating activities was $87.8 million through the second quarter of 2024 versus $167.1 million of cash used in operating activities in the same period of the prior year. Free cash flow through the second quarter of 2024 was an outflow of $4.6 million compared with an outflow of $312.0 million in the same period of the prior year.
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