Pep Boys - Competitors

Pep Boys Competition

Now Viewing Pep Boys's competition in: Automobile Parts Wholesale-Retail (primary)

Recent Developments

Congress Considers Right to Repair Act - The Automotive Aftermarket Industry Association (AAIA) and other industry advocates want Congress to pass the Motor Vehicle Owners' Right to Repair Act. The federal legislation would mandate that auto manufacturers provide car owners and independent auto repair shops access to the same tools, technology, safety alerts, and repair information they provide their own franchised new car dealerships. Because vehicle systems are becoming increasingly complex and high-tech, repairing autos requires complete and accurate information from car companies.

Drivers Combat High Fuel Prices with Better Vehicle Maintenance - The auto parts and service industries could benefit from rising fuel prices, according to the AAIA. Some 75 percent of consumers say that they're maintaining their vehicles better to combat rising gas prices, according to a survey for AAIA and the Car Care Council. The AAIA suggests that auto parts and repair shops should market to these do-it-for-me(DIFM) and DIYers, communicating that gas savings comes with simple and inexpensive vehicle maintenance.

Fuel System Component Maker Reestablishes Retail Relationships - Champion Parts is trying to win back its client base, which consists largely of auto parts retailers, since its Chapter 11 bankruptcy filing in 2007. Once a leading remanufacturer of auto fuel system components, Champion was acquired by Cash Technologies' subsidiary, CPI Holdings, in May 2008. Two months later, the parts maker said that it would supply four of the top six US auto parts retailers, which represents $3.4 million in estimated revenues. The company projects that its shipments of about $100,000 per month will triple by the end of September 2008.

Competitive Landscape

Demand for aftermarket parts is driven by the age and mileage of vehicles, generally increasing when fewer new cars are sold. The profitability of individual companies depends largely on inventory management and marketing. Small companies can compete effectively by carrying specialized parts or providing extra services such as machining or fast delivery. Average annual revenue per employee is about $700,000 for wholesalers, $100,000 for small retailers, and $175,000 for large retailers.

Full Industry Overview For Automobile Parts Wholesale-Retail

Automobile Parts Wholesale-Retail Industry Forecast

from Hoover's/D&B subsidiary First Research

Domestic demand for US auto parts is forecast to increase at an annual compounded rate of 5.7 percent between 2007 and 2012.

Domestic Auto Parts Demand Growth Uneven

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.