Prices have been rising for auto parts, but not as fast as used-car prices. As JinjLee explains, that puts auto-parts retailers in a sweet spot. WSJWhatsNow
Auto parts are getting pricier, but they are in a sweet spot for the retailers that sell them. They still aren’t close to generating theAdvance Auto Parts said in its earnings call on Tuesday that comparable-store sales increased 8.2% in its fourth quarter compared with a year earlier, trouncing the 5.
7% figure analysts polled by FactSet had expected. For the full year, the retailer saw comparable sales grow 10.7%, topping its own guidance and quite the step-up compared with the 2.4% growth it saw in 2020. Its larger peer O’Reilly Automotive saw comparable sales grow 13.3% in 2021 after seeing 10.9% growth in 2020.
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