NORCROSS, Ga. (Feb. 14, 2014) — Mighty Auto Parts chalked up record sales last year, its 50th anniversary year.
"The icing on the cake from our 50th celebration was a hefty sales increase of 5.4 percent over the previous year, which represents the best year ever in our company's history," said President and CEO Ken Voelker.
Mighty did not disclose its actual sales figure.
"It shows our unique business model is resonating with customers here and abroad…. Our international sales and expansion into Canada also contributed to our record year and bode well for Mighty in 2014 and beyond," Mr. Voelker added.
Mighty said its all-time record in sales comes at a time when, according to industry sources, annual growth in the aftermarket is at about 2 percent at best.
Mr. Voelker said the company's service levels, along with "a focus on dynamic product lines" such as Mighty's premium VS7 chemicals and tire service products, are reasons for success. He said Mighty also works to meet the product needs of emerging market segments like new car dealerships.
Mighty Auto Parts is the public face of Mighty Distributing System of America, which handles franchising of the brand.
It recently was named to Entrepreneur magazine's "Franchise 500" list for 2014.
Are you paying attention to the ups-and-downs of the stock market?
|Yes, I invest in the market||
|Yes, but I mostly keep an eye on just my company's stock||
|No, it makes me nauseous||
|I’m glad I don't invest in the market; I would have lost my shirt||
|Total votes: 99|
Titan International and the United Steelworkers union have petitioned the U.S. International Trade Commission and U.S. Department of Commerce seeking relief from OTR tire imports from China, India and Sri Lanka. What’s your opinion?
|I wholeheartedly support their action – something needs to be done.||
|I think it’s a bad idea that could inevitably tie the hands of domestic tire makers.||
|I oppose any duties against tire importers—they only raise costs for distributors and make it harder to obtain inventory.||
|I’m kind of on the fence and not sure what’s right, but need more information before deciding.||
|I don’t really care whether or not relief is granted.||
|Total votes: 78|