AAP - Business Slower for Advance Auto Parts Stores, Survey Says
Tickermine conducted a new survey on Advance Auto Parts Inc., the US motoring parts retailer and saw considerable changes from our earlier results. This month 31 locations were consulted nationally. Our researchers found that business was up for only 3 of our respondents, or 10% and most cited that the nasty end-of-spring weather was creating more breakdowns and therefore more business. (The earlier survey stated 49% found an increased business.) In this survey 13 or 42% said that business was the same (compared with 40% earlier) and 15 respondents or 48% weren’t sure either way. Our respondents stated that both parts and services sold best (17 or 55%). Parts only were cited by 14 people or 45%. Our respondents said that parts sold best at their stores (18 people or 58%). The parts cited included alternators, hoses, belts and breaks. Six people stated that maintenance items such as anti-freeze, oil, lubricants and wiper blades were their best sellers (19%). Four stated accessories such as wheel covers, canopies and fashion items for their cars (4%) and 3 people stated tires (10%). We asked also which specific parts sold best and found that oil changes and tune ups were first (9 mentions or 30%), followed by batteries (8 mentions or 26%), brakes and then pumps (3 mentions each or 9%). The following were each mentioned twice or 6% of those polled: Alternators and tire change/repair. And belts, brake repair and transmission were each cited once or by 3%.