In doing background work for my monthly CED column I noticed some interesting facts about Genuine Parts.
Genuine Parts is the parent of NAPA the parts specialist in the automotive replacement business. From my perspective they also mirror the construction equipment marketplace. Over the past four years Genuine Parts has seen through 2008 and 2009 declines in profit of 2% and 14% respectively. In the years 2010 and 2011 they returned to profit growth of 20% and 19% respectively. Analysts are predicting another year of double digit growth for 2012.
How do individual dealers in North America compare? I think we have some work to do to regain our footing. The time is now.