Gas, tires, and auto accessories brands - popularity in U. More interesting topics Related topics. Motor vehicle production. Car Drivers. Automotive industry worldwide. Autonomous vehicles worldwide. Go to report. Research Lead covering road traffic and motor vehicle manufacturing. Contact Get in touch with us. We are happy to help. Vianny Gutierrez-Cruz. Sales Manager — Contact United States. Ziyan Zhang. Customer Relations — Contact Asia. As a Premium user you get access to the detailed source references and background information about this statistic.
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You only have access to basic statistics. This statistic is not included in your account. Skip to main content Try our corporate solution for free! Single Accounts Corporate Solutions Universities. Premium statistics. Read more. Average net sales per store of AutoZone increased between and On average, an AutoZone's store generated around 2.
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Show source. Show detailed source information? Register for free Already a member? Log in. I think the rising age of cars provides long-term demand for auto parts that will drive long-term growth in profits for AutoZone. Per Figure 2, the average age of light vehicles on the road in the U. I think the average age of vehicles on the road will continue to rise as used cars sales rise.
While much of the decline in VMT appears to be attributable to short-term pandemic-related disruptions, many are concerned that the rise of work from home will keep VMT low.
However, seasonally-adjusted VMT has been on the rebound. Furthermore, the lingering reluctance to fly and use public transportation likely provides a boost to VMT over the medium to long term.
If this short-term trend turns into a long-term shift in consumer behavior, the firm is positioned to continue to enjoy even more growth. Perhaps, the biggest concern bears have with auto parts retail growth is the growing adoption of electric vehicles EV.
Offsetting the lower maintenance costs from EVs is the fact that the global auto fleet will continue to largely consist of conventional vehicles for many years to come. BloombergNEF expects there will be million more conventional vehicles on the road by while the number of EVs increases by only million. In other words, the number of new conventional vehicles on the road will increase nearly twice as much as the number of EVs.
In this case, smaller seems to be better. While the firm has consistently grown revenue, it has also reduced expenses. AutoZone keeps managers focused on creating value for shareholders by linking its executive compensation plan to return on investment ROIC. Quality corporate governance holds executives accountable to shareholders by incentivizing them to allocate capital prudently.
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