Tag Archives: automobile parts retail industry

AUTOMOTIVE STORES ACCOUNTING: CRITICAL SUCCESS FACTORS FOR ENHANCING BUSINESS PROFITABILITY IN 2017 AND BEYOND!

Companies in the automotive parts & accessories stores industry operate physical retail establishments that sell automobile parts, supplies, batteries, and lubricants. The US automobile parts retail industry includes about 37,000 establishments (single-location companies and units of multi-location companies) and is the world’s second largest consumer of auto parts according to Global Insight. The industry is concentrated with the 50 largest companies generating about 60% of industry revenue. The industry is expected to grow at a compound annual growth rate of 3.4% through 2017, to an estimated $273.4 billion, according to the Automotive Aftermarket Suppliers Association. While market potential and opportunities remain vast, the industry will be faced with significant challenges and bottlenecks that need to be mitigated in the most cost effective and efficient manner. Continue reading AUTOMOTIVE STORES ACCOUNTING: CRITICAL SUCCESS FACTORS FOR ENHANCING BUSINESS PROFITABILITY IN 2017 AND BEYOND!