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Shares of Genuine Parts (NYSE: GPC) were falling today after the Napa Auto Parts parent posted disappointing results in its third-quarter earnings report. While the company beat top-line estimates ...
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.
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The increase comes after auto insurance premiums grew at an “unprecedented rate” of 7.9% in 2022 and 5.9% in the first six months of this year, the report said. Add to that still high ...
In 2023, Advance Auto Parts took over as the official sponsor of the checkered flag in IndyCar. [36] Advance Auto Parts has served as a sponsor in NASCAR, where it is the official auto parts retailer of the sanctioning body. [37] The company sponsored the 2017 Advance Auto Parts Clash exhibition race at Daytona International Speedway. [38]
Automobile and parts production soon surpassed pulp and paper to become Canada's largest industry. From 1965 to 1982, Canada's total automotive trade deficit with the U.S. was $12.1 billion; this combined a surplus of around $28 billion worth of assembled vehicles and a deficit of around $40.5 billion in auto parts. [8]
The spin-offs and other parts makers have shared Detroit's downturns, as have the U.S.-owned plants in Canada. Altogether the parts makers employ 416,000 people in the U.S. and Canada. General Motors alone is estimated to have lost $51 billion in the three years before the start of the 2008 financial crisis. GM is set to reacquire factories ...
On Monday, most automakers in the U.S. -- including Ford Motor , General Motors , Toyota Motor , and Honda Motor -- reported year-over-year declines in vehicle sales for the first month of 2014.