Auto Parts Retail an Outperformer

With consumers reluctant to buy new cars due to high prices, demand for auto parts is rising and auto stores are seeing strong traffic. SRS’ Patrick Nutt tells GlobeSt. that given the backdrop of the US economy, where the effects of higher borrowing costs are being seen flowing through to the average consumer, it’s no surprise to see people spending more time and effort fixing and repairing existing vehicles versus purchasing a newer vehicle.

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