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Amazon Auto Parts With Same Day Delivery Coming
Shares in a number of auto parts retails dropped on Monday after suggestions that Amazon was planning on expanding into the aftermarket automotive parts business.
With this latest move to disrupt traditional brick-and-mortar businesses, the online retailer has agreed to a number of supply contracts with prominent auto parts makers like Cardone Industries, Robert Bosch, Dorman Products and Federal-Mogul Holdings Corp FDML.O.
Consequently, shares of stock in Autozone, Advanced Auto Parts, & O’Reilly Automotive Inc fell 4-5% in response to the Amazon report.
A report by The New York Post says that Amazon’s auto parts business could swell by over 50 per cent this year to $5 billion.
Aiding in Amazon’s expansion into the auto parts world is the company’s plan to introduce same-day delivery for auto parts in 40 major U.S. cities. Already, its parts are on average 23% cheaper than those purchased from Advance, Auto Zone and O’Reilly.
Shares in a number of auto parts retails dropped on Monday after suggestions that Amazon was planning on expanding into the aftermarket automotive parts business.
With this latest move to disrupt traditional brick-and-mortar businesses, the online retailer has agreed to a number of supply contracts with prominent auto parts makers like Cardone Industries, Robert Bosch, Dorman Products and Federal-Mogul Holdings Corp FDML.O.
Consequently, shares of stock in Autozone, Advanced Auto Parts, & O’Reilly Automotive Inc fell 4-5% in response to the Amazon report.
A report by The New York Post says that Amazon’s auto parts business could swell by over 50 per cent this year to $5 billion.
Aiding in Amazon’s expansion into the auto parts world is the company’s plan to introduce same-day delivery for auto parts in 40 major U.S. cities. Already, its parts are on average 23% cheaper than those purchased from Advance, Auto Zone and O’Reilly.