Bruce Adams, managing editor, Aftermarket Business World, explains how the program groups plan to do this. “Recurring themes among 2014 group goals are to continue to invest in technology, to enhance marketing support and to offer more training. They also will focus on reducing costs and improving efficiencies.
One of the largest deals in years that has rocked the aftermarket is the Advance Auto Parts acquisition of General Parts International, which closed Jan. 2, 2014. The all-cash deal for $2.04 billion was approved by both companies’ boards of directors in October 2013.
The deal created the largest automotive aftermarket parts provider in North America, with annual sales of more than $9.3 billion and more than 70,000 employees. It provides Advance with approximately 5,300 company-operated stores across North America.
Advance has gone on record as saying it recognizes the brand equity in CARQUEST and WORLDPAC, and it intends to keep both brands. The acquisition includes all aspects of GPI, including CARQUEST as a program group, TechNet councils, the CARQUEST Training Institute and WORLDPAC.
In November 2013, the Automotive Distribution Network said it will merge its Auto Pride and CMB subsidiaries to grow the combined brand and develop greater marketing and product programs for its affiliates.
The report includes a directory on all the program groups, including AAM Group, Aftermarket Auto Parts Alliance, AIM/Uni-Select, Automotive Distribution Network, Auto Parts Associates Inc., CARQUEST Auto Parts, Engine Pro/Engine Parts Group, Federated, NAPA, National Pronto Association, and TruStar. To see the complete 2014 Program Distribution Report, visit: http://images2.advanstar.com/
If you’d like to schedule an interview with Bruce Adams, contact Boris Chernin, marketing director, at 310-857-7632 or email Boris at email@example.com.