Changing the engine oil and filter is right in the sweet spot for your DIY customers.
Skyrocketing new-car prices are driving accessory sales to record levels.
Second-quarter sales were up 6% to $3.7 billion.
Vance represents the voice of an emerging segment of automobile enthusiasts.
Between July 1 and Aug. 31, consumers can receive up to $15 after a mail-in rebate on up to three qualifying filters.
The jolt to miles driven – a key indicator for the aftermarket – remains to be seen.
However, the consumer-research firm sees mixed signals on the economic landscape.
Overall, Advance saw year-over-year double-digit growth in its DIFM business, “and a slight decline” in its DIY sales.
As a third round of checks started going out in mid-March, “sales volumes accelerated meaningfully.”
CEO Bill Rhodes said the same-store sales growth “was a record for any quarter since we became a publicly traded company in 1991.”