auto parts

Advance Auto Parts Sells Wholesale Arm for $1.5 Billion
Advance Auto Parts Sells Wholesale Arm for $1.5 Billion
August 22, 2024  |  Acquisitions

Advance Auto Parts has sold its wholesale operation Worldpac for $1.5 billion. The sale, to funds managed by the Carlyle Group, is expected to be finalized by the...

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Online Marketplaces Grab Auto Parts Share From Specialty Merchants
Online Marketplaces Grab Auto Parts Share From Specialty Merchants
May 13, 2024  |  Retail

As shoppers increasingly purchase auto parts from third-party online marketplaces such as Amazon and eBay, retailers and eCommerce merchants specializing in the category are seeing...

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CarParts.com Stalls With Q1 Earnings Drop as Consumers Pull Back Spending
CarParts.com Stalls With Q1 Earnings Drop as Consumers Pull Back Spending
May 07, 2024  |  Earnings

After a few weeks of an earnings season marked by cautionary optimism about the state of the U.S. consumer, CarParts.com said the quiet part out...

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CarParts.com Looks to Mobile App, Content Marketing to Drive Profits
CarParts.com Looks to Mobile App, Content Marketing to Drive Profits
March 07, 2024  |  Earnings

CarParts.com is leaning heavily on its new mobile app and its revamped content marketing efforts as it looks to boost its gross profit. These initiatives around...

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eCommerce Platforms Open Up New Digital Channels for Auto Parts 
eCommerce Platforms Open Up New Digital Channels for Auto Parts 
November 01, 2023  |  Retail

Buying auto parts, historically speaking, has been about as brick and mortar a process as one might find anywhere. Buying the parts themselves tends to...

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CarParts.com CEO Says BNPL Helps Consumers Pay Big Bills to Repair Aging Cars
CarParts.com CEO Says BNPL Helps Consumers Pay Big Bills to Repair Aging Cars
August 08, 2023  |  Buy Now Pay Later

As consumers struggle to make ends meet, the burden of unexpected car repairs can be overwhelming.  David Meniane, CEO CarParts.com, said in a recent interview...

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CCC Eyes Digitizing Parts Ordering as AI Transforms Auto Claims
CCC Eyes Digitizing Parts Ordering as AI Transforms Auto Claims
August 01, 2023  |  Insurance

CCC Intelligent Solutions delivered second quarter results that show increasing traction in using advanced technologies — artificial intelligence (AI) included — to improve auto claims...

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PartsTech Raises $35 Million to Expand B2B Automotive Parts Marketplace
PartsTech Raises $35 Million to Expand B2B Automotive Parts Marketplace
May 18, 2023  |  eCommerce

PartsTech has raised $35 million to expand its B2B marketplace for the auto repair industry. With the money raised from this Series C funding round, led...

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CarParts.com CEO Says Data Horsepower Will Drive Disruption in the Auto Aftermarket
CarParts.com CEO Says Data Horsepower Will Drive Disruption in the Auto Aftermarket
May 04, 2023  |  eCommerce

When the CV joint on your used car finally breaks, your first thought isn’t how data science and optimized supply chain figure into that repair....

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