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The automotive aftermarket is the secondary parts market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer.
Standard Motor Products, Inc. (NYSE: SMP) is a manufacturer and distributor of automotive parts in the automotive aftermarket industry. The company was founded in 1919 as a partnership by Elias Fife and Ralph Van Allen and incorporated by Fife in 1926.
The German magazine Automobil Industrie publishes a yearly list of the largest automotive suppliers in the world by revenue. [1] For companies that are not pure automotive suppliers, only the automotive supplier divisions are taken into account.
In December 2012, Advance Auto Parts acquired warehouse distributor B.W.P. Distributors, which supplied the Northeastern United States. [9] On October 16, 2013 it was announced that Carquest would be acquired by Advance Auto Parts, Inc in an all-cash transaction estimated at approximately $2 billion dollars. [ 10 ]
Exterior of an O'Reilly Auto Parts store in Houston in Texas, United States. Interior of an Advance Auto Parts store in Virginia, United States.. An automotive part retailer is a retail business that sells automotive parts and related accessories to both consumers and professional repair shops, through physical stores and websites. [1]
The Auto Care Association is a not-for-profit trade association based in Bethesda, Maryland.Auto Care Association's nearly 3,000 members and affiliate companies, represent approximately 150,000 businesses that manufacture, distribute, sell and install motor vehicle parts, accessories, tools, equipment, materials, supplies, and services.
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