Advance Sells WorldPac for 1.5 Billion, and What This Means For The Aftermarket

05/09/2024 41 min Temporada 1 Episodio 38
Advance Sells WorldPac for 1.5 Billion, and What This Means For The Aftermarket

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Episode Synopsis

Send us a textIn this episode, Advance Auto Parts formally sells WorldPac to Carlyle for 1.5B. What does that mean for newly minted CEO, Shane O’Kelly. Mr O’Kelly comes with a background in home supplies from Home Depot, 2W assess if he jumped the gun and what that means for you and our industry. WorldPac is a well known WD with an annual top line sales of 2.1B with an 100M EBITA. In addition, we hit on the scope of the industry with a 3.5% CAGR and $430B Global market, with 137B landing in the US market alone. Did Advance make the right decision to sell WorldPac for 1.5BWill shift from EV to Hybrid elongate the Aftermarket Parts industry and find steady growth outpacing the CAGRThe age of passenger cars reaches 14 years oldWill rates continue to decline, jolt new car spending Is EV Supply greater than demand creating a drop in price point, making it more affordable to own an EVReach out at [email protected] like and subscribe to our Linkedin & YouTube channel

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