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Advance Auto Parts Inc
Advance Auto Parts sells automotive replacement parts, accessories, batteries, and maintenance items through its retail stores and to professional repair shops. Do-it-yourself customers buy parts to fix their own cars, while professional mechanics purchase wholesale for their repair businesses. The company makes money by marking up the price of parts it buys from manufacturers and selling them to both consumer and commercial customers.
Advance Auto Parts operates in the automotive aftermarket industry, which sells replacement parts and accessories for vehicles. This industry tends to do well when people keep older cars longer or when economic conditions lead to more DIY repairs instead of buying new vehicles. The sector includes both retail stores for consumers and wholesale distribution to professional repair shops.
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