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Old October 17th, 2013, 07:16 PM   #1
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Default Advance Auto Parts buys Carquest

http://www.bizjournals.com/twincitie...-carquest.html

Advance Auto Parts Inc. will become the largest auto-parts retailer in North America with a $2.04 billion cash deal to buy Carquest Auto Parts chain parent company General Parts International Inc.

The combined company will have annual sales of $9.2 billion, pushing it just past Memphis, Tenn.-based AutoZone Inc. (NYSE: AZO), which reported adjusted sales of roughly $9 billion for the fiscal year ended Aug. 31.

Advance Auto Parts has 4,018 stores throughout the United States. Raleigh, N.C.-based General Parts has 1,246 company-owned Carquest stores and another 1,418 franchised locations in the U.S. and Canada.

“This transformational transaction provides a compelling strategic opportunity for Advance to expand our geographic presence and commercial capabilities to better serve customers," CEO Darren Jackson said in a statement.

Advance Auto Parts (NYSE: AAP) is based in Roanoke, Va., but Jackson — a former Best Buy Co. Inc. executive — splits his time between there and the company's office in Bloomington.

Advance expects the deal to boost its earnings by more than 20 percent, excluding one-time costs. It projects the combined company will save $160 million in annual cost synergies within three years.
The deal is expected to close by early 2014.




Surprised me; although nothing will change much, except i'll be buying paint from advance auto instead of carquest. That's the only thing carquest was good for where i'm from lol
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Old October 17th, 2013, 07:27 PM   #2
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Good, put the hurt on az
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Old October 17th, 2013, 07:37 PM   #3
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your never gonna get your job back are you lol
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Old October 17th, 2013, 08:03 PM   #4
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noooooooooooo i liked a couple carquests.
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Old October 17th, 2013, 08:30 PM   #5
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Good I like orileys
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Old October 17th, 2013, 08:31 PM   #6
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Well there goes the last good car parts store.
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Old October 17th, 2013, 08:39 PM   #7
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I only buy auto parts from Adavanced auto parts so this doesn't sound like a bad thing to me.

Iv never been to a car quest so I know nothing about them plus auto zone can suck it
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Old October 17th, 2013, 08:42 PM   #8
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I'm a commercial Manager at an Autozone and honestly I hate how we can only get one line of parts unlike our competitors, the warranty system and parts lookup/cross reference system is the best by far. I don't mind most of autozone's parts as the quality has increased a lot in the last few years. I still buy some parts else where because autozone can only get the less durable part. And yes I know exactly the pro's and cons of autozone biggest con is the people they hire to help. They don't have any knowledge or even problem solving skills. I am interested to see how this affects Autozone, I honestly don't think it will be anything significant. I have never minded going to carquest they just can be expensive at times, and they are more centered for the commercial side (selling to shops). Autozone controls the largest part of the DIY market but the smallest of the commercial market.
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Old October 17th, 2013, 08:49 PM   #9
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Originally Posted by 87mopar View Post
I'm a commercial Manager at an Autozone and honestly I hate how we can only get one line of parts unlike our competitors, the warranty system and parts lookup/cross reference system is the best by far. I don't mind most of autozone's parts as the quality has increased a lot in the last few years. I still buy some parts else where because autozone can only get the less durable part. And yes I know exactly the pro's and cons of autozone biggest con is the people they hire to help. They don't have any knowledge or even problem solving skills. I am interested to see how this affects Autozone, I honestly don't think it will be anything significant. I have never minded going to carquest they just can be expensive at times, and they are more centered for the commercial side (selling to shops). Autozone controls the largest part of the DIY market but the smallest of the commercial market.
I never had a problem at carquest with prices, but I usually only go there for oddball stuff. Then whoever is working with me calls the biggest gearhead over, and they usually give me and my buddies the best discount they can
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Old October 17th, 2013, 08:58 PM   #10
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I work at a nearby Advance Auto Parts as a assistant manager and read the email we received this morning. It sounds interesting, that's for sure. As far as working for Advance as a whole, it's a decent company. I definitely like it better than O'Reilly'S, that's for sure. Also, they give us a little more freedom when it comes to finding parts, getting them, and discounts as well.
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Old October 17th, 2013, 09:01 PM   #11
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Quote:
Originally Posted by 87mopar View Post
I'm a commercial Manager at an Autozone and honestly I hate how we can only get one line of parts unlike our competitors, the warranty system and parts lookup/cross reference system is the best by far. I don't mind most of autozone's parts as the quality has increased a lot in the last few years. I still buy some parts else where because autozone can only get the less durable part. And yes I know exactly the pro's and cons of autozone biggest con is the people they hire to help. They don't have any knowledge or even problem solving skills. I am interested to see how this affects Autozone, I honestly don't think it will be anything significant. I have never minded going to carquest they just can be expensive at times, and they are more centered for the commercial side (selling to shops). Autozone controls the largest part of the DIY market but the smallest of the commercial market.
The reason I hate auto zone is every single one I have ever got parts from they talk to me like I have no idea what I'm doing.

I'm not a master mechanic but I know what need when I go there and they all ways argue with me telling me I'm wrong the one in chesterfield and Romeo have done this the most
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Old October 17th, 2013, 09:04 PM   #12
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The reason I hate auto zone is every single one I have ever got parts from they talk to me like I have no idea what I'm doing.

I'm not a master mechanic but I know what need when I go there and they all ways argue with me telling me I'm wrong the one in chesterfield and Romeo have done this the most
X2, the az by the welding shop was so bad for a while I would walk in with part numbers.

Now the managers all know me and I can do what I want lol
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Old October 17th, 2013, 09:08 PM   #13
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X2, the Inge by the welding shop was so bad for a while I would walk in with part numbers.

Now the managers all know me and I can do what I want lol
Iv been going to adv auto parts in Romeo for ever If there to busy ill just look my part up and grab it lol also depends who's working but most of the time it's people iv known for years plus I get a discount so that dosent hurt lol
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Old October 17th, 2013, 09:34 PM   #14
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I can't stand either one around here. NAPA or AZ are the stores to use in Owosso.
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Old October 17th, 2013, 09:50 PM   #15
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I'll miss the carquests in the UP. Some of the guys up there only know the books and the others primarily use the books. If I need something obscure I usually walk out with it. I can't get that from Autozone or AA. Napa even went downhill a couple years ago because of corporate changes, so most of the guys move to Carquest.
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Old October 17th, 2013, 10:01 PM   #16
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I'll miss the carquests in the UP. Some of the guys up there only know the books and the others primarily use the books. If I need something obscure I usually walk out with it. I can't get that from Autozone or AA. Napa even went downhill a couple years ago because of corporate changes, so most of the guys move to Carquest.
Anything at the Carquest here is usually double the price, and they close super early too.
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Old October 18th, 2013, 07:21 AM   #17
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Do you suspect that in a small town that has both Advance and CarQuest, the Car Quest would be closing?
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Old October 18th, 2013, 07:33 AM   #18
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I wonder what it means for carquest suppliers? I used to work for a company that just got into their warehouse almost two years ago as their only supplier for the welding/metalworking products. They put a lot of eggs in their basket and now may be fucked.
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Old October 18th, 2013, 08:43 AM   #19
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I've been super happy working at AutoValue, even thought its a corporate owned store, I have a lot of freedom to get parts my customers need, however I need to get it.
I've bought lots of stuff from Carquest, NAPA and even some independents so I could supply my customers, and as long as I'm taking care of them my boss is happy too. I can't tell how many times people come into my store saying "I got this at(Advance, Zone, O'Reilly) and its not right, even though I told the kid at the counter exactly what I needed"
I know some guys at the local Carquest, and if they have to do things the "Advance" way its going to suck.
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Old October 18th, 2013, 10:20 AM   #20
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your never gonna get your job back are you lol
I actually just lost it, they fired me for violating the media policy, they called me an hour before my shift last week wednesday and told me sales were down and they don't need me (i'm considered full time) i bitched about it on facebook and somebody reported me to HR, HR chick came up from indiana to take the report, didn't hear anything for a couple days and figured i was in the clear. Come tuesday this week, i go home on break, come back and my manager gets an email telling him he has to fire me. He knew nothing of the incident or anything and wanted to keep me. the next day i put a few apps in and had an interview on spot at a local rebuilding/driveline shop and they hired me on the spot making more money and better benefits.

Quote:
Originally Posted by 87mopar View Post
I'm a commercial Manager at an Autozone and honestly I hate how we can only get one line of parts unlike our competitors, the warranty system and parts lookup/cross reference system is the best by far. I don't mind most of autozone's parts as the quality has increased a lot in the last few years. I still buy some parts else where because autozone can only get the less durable part. And yes I know exactly the pro's and cons of autozone biggest con is the people they hire to help. They don't have any knowledge or even problem solving skills. I am interested to see how this affects Autozone, I honestly don't think it will be anything significant. I have never minded going to carquest they just can be expensive at times, and they are more centered for the commercial side (selling to shops). Autozone controls the largest part of the DIY market but the smallest of the commercial market.
Being in autozone's commercial program, you can buy parts from anywhere you want. We bought some ebay parts once to save our customer $400. hell, i've bought a gasket or two at carquest because we didn't have them in stock. Do whatever it takes to take care of your customers.

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Originally Posted by muddinman56 View Post
The reason I hate auto zone is every single one I have ever got parts from they talk to me like I have no idea what I'm doing.

I'm not a master mechanic but I know what need when I go there and they all ways argue with me telling me I'm wrong the one in chesterfield and Romeo have done this the most

look at 99% of the customers that come in autozone. I had a call one time this chick asked for a "fuel filter relay" i told her that part didn't exist, she insisted it did because the car has fuel injection.
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