Marc Vincent
Editor at Auto Care Week (a.k.a. The Greensheet)
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O'Reilly Auto Partsreported record sales of $3.83 billion for the fourth quarter of 2023 — an increase of $187.52 million, or 5.1%, compared to a year ago.Comparable-store sales grew 3.4% (exceeding management’s expectations for the quarter) on top of a 9.0% rise a year ago (the company’s strongest quarterly performance in 2022) giving O’Reilly a two-year stack of +12.4%.“We started the fourth quarter with solid sales results, in line with trends we saw as we exited the third quarter,” CEOBrad Beckham told analysts on the company’s Feb. 8 earnings call. “As we progress throughout the quarter, our results ... (more) ... https://lnkd.in/gNfUUNDa#aftermarket #autoparts #autocare
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Joel Ayres
Former Executive Director at Automotive Aftermarket Charitable Foundation. Now retired. (Maybe 😏)
8mo
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Fantastic 👏
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Sam Glover
Retired Category Manager Automotive /Sales and Marketing
8mo
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OOO way to go!
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Marc Vincent
Editor at Auto Care Week (a.k.a. The Greensheet)
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O'Reilly Auto Parts’sales grew 5.0% to $4.27 billion in the second quarter, aided in part by the acquisition of Vast-Auto. O’Reilly’s year-over-year sales increase breaks down as …• Sales to DIY customers: $2.15 billion (up 0.9%).• Sales to professional service provider customers: $2.00 billion (up 7.9%).• Other sales, sales adjustments and sales from acquired Vast-Auto stores: $123.45 million (up 44.2%)Comparable-store sales growth came in at 2.3% for the quarter (on top of a 9.0% increase last year), which was below... (more) ... https://lnkd.in/g7PcAjz5#aftermarket #autoparts #autocare #oreillyautoparts
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John Bossong, MBA, CTP
Nat'l Account Sales Exec at PACCAR Leasing | Full-Service Leasing | Equipment Acquisition Strategies and Consultant |
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More than a lessor 👇Had a great time in Dallas this week with our partner KeHE Distributors. Fortunate to see several of their new units actually coming off the assembly line before delivering. It’s always great to know that PacLease - PACCAR Leasing Company is more than a lessor - we are a partner in the sales process - it’s not just a truck(s). During a plant tour the lessee (customer) gets to see how the OEM’s Peterbilt Motors Company and Kenworth Truck Co. make the truck that will serve their customers. They actually watch trucks being assembled from raw steel to finished truck 🚚The PacLease - PACCAR Leasing Company sales process doesn’t end when the equipment is ordered - it’s actually just getting started. Let’s connect and I can help you with your fleet needs in 2024. PS: I should have worn my sunglasses 😎- squinting because sun was so bright. PSS: Make sure you check out KeHE Distributors and the great work they do! #paclease #kehe
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Capital Automotive Real Estate Services, Inc.
865 followers
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Thank you to Gabriel Robleto with Kerrigan Advisors for coming into Capital Automotive Real Estate Services, Inc.'s office last week to review the 2024 Kerrigan OEM Survey with our team!Some of the key highlights include: •While 62% of OEMs expect dealer gross margin to land at 50% or better than 2019 levels, 54% expect overall dealership profitability to decline over the next 12 months.•In the next 12 months, 70% of OEMs believe that days sales supply will range from 60-90 days and 8% think that days sales supply will be over 90 days.•60% of OEMs expect facility requirements to remain the same over the next five years.#CapitalAutomotiveRealEstate#automotiveindustry #automotiveretail#OEM #automotiverealestate
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Jon Quade
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Some questions & ponderings:- Despite how the headline reads, GM's new vehicle lease penetration is only 17%. When the average price of a new vehicle is just shy of $50K, why would dealers not be presenting lease options on every new vehicle? - Mary Barra will never fail to build up EVs in her comments (sales were up 40% YOY in Q2), but EVs still only account for 3.2% of GM's sales. (Mostly rhetorical question:) Why? - If indeed almost 97% of GM's NV sales, then, are ICE (or non-BEV), what percentage of dealers' inventories are EVs? - If the above number is substantially more than the demonstrated demand, why is GM (and they're not alone) continuing to attempt to control the market?
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Chris Stadele
#Commodities Analyst/Trader with 13+ years of experience in #metals, ags, and energies seeking new opportunities. World Traveler, Formula 1 #f1 aficionado, uncle to Alex, Leah, and Zach.
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Super interesting post from Joel Levington regarding Harley Davidson and the potential demand for motorcycles. Please keep in mind that interest rates on motorcycle loans are slightly higher than that of new or used cars (I found this out first hand despite having an 800+ credit score). Harley Davidson has weathered many storms over the past 120 years, so I wouldn’t call for their demise. However, it will to see how they fair during these trying times for the American consumer. #commodities #trading #markets #metals #economy #economics #hedgefunds #hedgefund #money #investing #investment #business #familyoffice #oil #energy #finance #stockmarket
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CHRISTOPHER MCGREW
Company Owner at Mcgrew Trucking
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I really do not look on LI to buy equipment. However, every once in a while, I see some equipment listed for sale that I would certainly look at. However, most do not list pricing, and I am not going to call to find out. I do not want a sales pitch on why your equipment is priced the way it is. Right now is a buyers market. I can understand why a lot do not list prices as they know their equipment is priced over market. New truck sales is finally slipping and does not look to rebound any time soon. Dealerships are stuck with quite a bit of new trucks that will still be sitting there as the new model year comes out. I believe 2025 is when the new EPA standards are supposed to kick in for new trucks. These companies have invested heavily developing new exhaust systems to meet the new standards. But what if someone challenges the EPA as the Supreme Court just struck down agencies abilities to create laws. These companies will still roll out trucks meeting the standards with the investment they put in. The cost jump for the new technology is going to add $12k-$27k to each truck, making them even less affordable, leaving even more trucks on lots, nobody is buying.My prediction is that Volvo will divest from Mack, and I think Mack has a very good chance of going away over the next 2-4 years. I hope I am not right as I love our Macks, but I honestly see Mack following the path of Sterling.
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Joel Levington
Global Director of Fixed Income Research @ Bloomberg LP | Corporate Credit, Valuation
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$27,000 motorcycles are highly discretionary purchases -- a risk for Harley-Davidson Motor Company with the University of Michigan's consumer sentiment falling to seven-month lows in May and its buying condition index for vehicles at below-recession levels. Since the start of this year, consensus has cut top-line targets by about 550 bps and contracted its margin outlook on Harley's manufacturing operations by 170 bps to 12.2% -- better aligning fundamentals with valuation. Details here: https://lnkd.in/eBF_p6qj
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Steffen Oliver Karl
Managing Director | Driving Automotive Retail Future •■CI ■PR ■Press work ■Media Communication
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Lithia's next business deal after taking over Pendragon in the UK;■Pohlad's Carousel group quired by Lithia Motors■Lithia Motors closes on Pohlad's 9-store, $900M Carousel group in Midwestthe dealer group, known as Lithia & Driveway, has bought dealerships expected to generate more than $5.4 billion annually in revenue this year.February 28, 2024, JOHN HUETTER Automotive NewsLithia Motors Inc.has acquiredCarousel Motor Group, a nine-store operation in the Midwest, which Lithia estimates will add $900 million in annualrevenue.Pohlad Cos. Hudson Ford in Wisconsin is a Carousel Auto Group store slated to be sold to Lithia Motors Inc.ARI, SK note:Lithia Motors, Inc. is an American nationwide automotive dealership group headquartered in Medford, Oregon.It is the third largest new vehicle automotive dealership group in the United States, below AutoNation and Penske Automotive Group.Lithia operates 291 stores in the United States, 14 stores in Canada and 40 in the United Kingdom. As of May 2022, Lithia operates 267 stores in 24 states and 14 in Canada.Lithia Motors employs approximately 21,150 people.Within our industry, Lithia's UK Pendragon deal made headlines worldwide#Lithia#automotive#retail#dealership#lithia&DrivewaySourcehttps://lnkd.in/dD66r3drSee translation
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Michel J. K.
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Vaibhav TanejaDrew BaglinoLow Hanging Rubber: Something I noted at my visit to the Rouge plant was Henry’s vertical integration of tire manufacturing. You mentioned you’re looking at shaving off pennies in cost…well…I believe making your own tires will shave off whole dollars, maybe even tens of dollars. Secondarily, tire manufacturers are behind in their transition to low resistance tires and it’s holding you back. Thirdly, your amazing team made a stainless steel truck, tire manufacturing is a walk in the park to them. Fourthly, Michelin is bailing on their Oklahoma plant and 1500 jobs are going with it…maybe that’s worth looking into. I’m sure the city is more than happy to talk to you. While making tires right next to the assembly line would be best, making them somewhere else locally (like OK) is better than making them overseas, IMO. Finally, a side effect of instantly available torque is instantly vaporizing tires. I hear many many complaints about having to replace $1200 tires after only a few thousand miles. How cool would it be to have a less expensive, Tesla branded tire?
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