Already a subscriber?Automotive parts group Repco is winning market share in Australasia from takeover target Bapcor, which two weeks ago rejected a $1.8 billion bid from private equity group Bain Capital.
Genuine Parts has 490 Repco stores in Australasia, and rivals Bapcor’s Autobarn, Burson and Autopro outlets. Angus McKay, who ran the 7-Eleven Australia business since 2016, will start as Bapcor’s new chief executive on August 22 and faces a tough job to lift its performanceThe Australasian operations were the best performers for Genuine Parts in the three months that ended June 30. Same-store sales in its much larger United States operations were down 1.5 per cent compared with the same time a year earlier. The Europe automotive parts division generated same-store sales growth of 0.7 per cent.