Marc Vincent on LinkedIn: #aftermarket #autoparts #autocare (2024)

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

  • Marc Vincent on LinkedIn: #aftermarket #autoparts #autocare (2)

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Joel Ayres

Former Executive Director at Automotive Aftermarket Charitable Foundation. Now retired. (Maybe 😏)

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Fantastic 👏

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Sam Glover

Retired Category Manager Automotive /Sales and Marketing

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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

    • Marc Vincent on LinkedIn: #aftermarket #autoparts #autocare (9)

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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

    • Marc Vincent on LinkedIn: #aftermarket #autoparts #autocare (14)

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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

    OEM Survey by Kerrigan Advisors: Automotive Manufacturer Perspectives kerriganadvisors.com

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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?

    GM Dealers Secure More Leases wardsauto.com

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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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  • Credo Capital Finance

    1,330 followers

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    One of our exceptional sales team members Simon Wilson has had a stellar March, contributing significantly in what was a fantastic month for Credo.Simon’s dedication, knowledge of the industry and expertise resulted in securing funding for a diverse range of assets, each contributing to our customer’s growth and success.Here’s a glimpse of some of the ventures Simon has facilitated funding for:🔹 A state-of-the-art CNC Plasma Machine 🛠️🔹 Essential forklifts for seamless warehouse operations 🏗️🔹 Sustainable solar panels, paving the way for eco-friendly energy solutions ☀️🌱🔹 The epitome of electric luxury - a Porsche Taycan 🚗⚡🔹 Heavy-duty HGVs, vital for logistics and transportation 🚛🔹 Versatile and rugged Mercedes Unimog 🚚 Simon’s commitment to understanding our customer’s needs and finding tailored financial solutions has helped so many businesses,and together with the Credo team, have produced some amazing deals last month.#teamsuccess #helpingbusinesses #fundingsolutions

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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

    Lithia Motors closes on Pohlad's 9-store, $900M Carousel group in Midwest autonews.com

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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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  • Colin Richardson

    Principal, Omni-Channel Automotive Solutions. Seeking consulting/contract opportunities in evolutionary leadership roles - OEM, Retail, Fixed/Variable, Operations, SaaS, Business Development, Financial, Supplier, Other.

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    Solid financial results from . Note that Bryan DeBoer and team have backed off the $50B revenue goal for 2025. This was anticipated given available acquisitions (and associated price premiums), costs and time to integrate new groups/rooftops into the Lithia culture, while focusing on organic growth/performance and other. Please note in the Q4 investor presentation....“Future State” targets of $75 billion to $100 billion in revenue!!! Cool :) “That’s not really our focus any longer,” DeBoer said of the $50 billion revenue goal during a November interview withAutomotive News. “Our focus is truly to be able to bring consumers’ experiences together in a way that others may not be able to replicate” because of Lithia’s scale and business “adjacencies,” such as a DMS.We do find it very interesting that Lithia has purchased a part of Pinewood Technologies included in the Pendragon PLC/Pendragon Vehicle Management deal that closed in January. DMS is a completely different "animal" than retailing vehicles, but we recognize the desire to control more of the vertical. The intent as we understand is to create a DMS platform for Lithia but also sell to competing dealer groups in the future. The question is.....wouldn't it have been more efficient/effective for Lithia to build a "custom" DMS platform with Tekion Corp, as Asbury Automotive Group, General Motors and others are already doing/done, and take advantage of the best, leading-edge technology that is ALWAYS improving the dealer/customer experience and value/ROI?But what do we know :) #automotive #automotiveindustry #marketing #digitalmarketing #sales #leadership #management #innovation #ecommerce #branding #ai #brand #ev #electricvehicles #technology

    Lithia net income down 13%, revenue at record $7.7 billion in Q4 autonews.com

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Marc Vincent on LinkedIn: #aftermarket #autoparts #autocare (39)

Marc Vincent on LinkedIn: #aftermarket #autoparts #autocare (40)

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Marc Vincent on LinkedIn: #aftermarket #autoparts #autocare (2024)

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