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Alex

Coronavirus (COVID-19) Auto Parts Business Impact

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We are setting up this topic to share information on any impact the current COVID-19 virus has on the auto parts industry. Sourcing, distribution, parts availability, and business impact. General questions and sharing of knowledge are welcome.

The WHO has designated this a global pandemic that is already affecting many industries, including most sectors in the automotive industry. Corporate and Independent automotive parts stores are being impacted by repair shop businesses slowing down. As you know, many parts come from China and other parts of the world, which are affected by the current pandemic.

Please share how this is impacting you and what you are seeing.

Corona Virus Auto Parts Disruption

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      (Photo: Business Wire)
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      Forward-Looking Statements
      Certain statements in this report are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements address future events or developments, and typically use words such as “believe,” “anticipate,” “expect,” “intend,” “plan,” “forecast,” “guidance,” “outlook” or “estimate” or similar expressions. These forward-looking statements include, but are not limited to, statements related to the benefits or other effects of the acquisition, statements regarding expected growth and future performance of the Company, and all other statements that are not statements of historical facts. These statements are based upon assessments and assumptions of management in light of historical results and trends, current conditions and potential future developments that often involve judgment, estimates, assumptions and projections. Forward-looking statements reflect current views about the Company's plans, strategies and prospects, which are based on information currently available as of the date of this release. Except as required by law, the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. Please refer to the risk factors discussed in "Item 1a. Risk Factors" in the Company's most recent Annual Report on Form 10-K, as updated by its Quarterly Reports on Form 10-Q and other filings made by the Company with the Securities and Exchange Commission, for additional factors that could materially affect the Company’s actual results. Forward-looking statements are subject to risks and uncertainties, many of which are outside its control, which could cause actual results to differ materially from these statements. Therefore, you should not place undue reliance on those statements.

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      Source: Advance Auto Parts, Inc.
      Advance Auto Parts:
      Media Relations:
      Darryl Carr
      T: (984) 389-7207
      E: [email protected]
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      T: (919) 227-5466
      E: [email protected]
      Transformco Media:
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      T: (847) 286-9036
      E: [email protected]
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      With respect to managing your inbox, I’ll keep this brief. We understand that due to the COVID-19 pandemic that these are times of uncertainty and stress for you, your business and your families. No doubt you have received countless emails offering advice and or services related to the COVID-19 pandemic over the past week. My message is simple: the Auto Care team is operating as normal on your behalf using technology to ensure communication within our industry is still taking place. My team and I are here to assist in any way we can.  
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      AFA Industries Heavy-Duty Engine Parts and the Coronavirus (COVID-19)
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      VP Racing Fuels Continues To Power Global Motorsports:
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      From Armor Protective Packaging:
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      We recognize that with the constantly changing COVID-19 situation around the world, this is an unprecedented time for everyone — a time that, for many, is filled with uncertainty. Our hearts and thoughts go out to each and every one of you.
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      ARMOR is following the recommendations of health authorities as well as the directives issued by the Centers for Disease Control and Prevention (CDC).
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      • Expanding the deep cleaning and sanitation efforts at our facilities
      • Activating remote work scenarios for team members wherever possible
      • Practicing social distancing in any situation where interactions are unavoidable
      The majority of the items that are used in the production of our products are sourced domestically. At this time, ARMOR does not anticipate any raw material supply challenges, or disruption to our production. If the situation arises, we are prepared to manage through the emergency.
      Should any of our facilities be impacted by COVID-19 in the future, we have multiple extrusion locations, redundancy in coating lines in the US and Canada, and our Stock & Ready inventory is a built-in emergency supply reserve to draw from as well. These redundancies should mitigate any potential disruptions. We appreciate your continued trust in ARMOR to protect both your parts and reputation.”
      Source: https://www.counterman.com/aftermarket-responds-to-coronavirus-with-a-variety-of-measures/
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