As one of the foremost retailer of aftermarket automotive parts, batteries, accessories and maintenance items, Advance Auto Parts, headquartered in Roanoke, Va. will give their financial statement for the second quarter of 2007. The market result will close on August 8, 2007. A conference will be considered on the following day, August 9, 2007 specifying the company’s results which will start at 8:00 a. m. Eastern Time in conjunction with its website and by dialing (866) 908-1AAP. The replay of the business’ outcome will also be made accessible along with its website, www.AdvanceAutoParts.com and will be available for one year.

Before, Advance Auto Parts was a privately held parts dealer and later on named Advance Auto Parts, Inc. which is now a public company. Discount Auto Parts, Inc. signed a definite agreement with Advance to purchase Discount in a joined transaction that builds the second-biggest auto parts retailer in the United States based on store count and sales. Advance Auto Parts has opened its first store in Albany at 609 North Cross Street. Since April 21, 2007, the Company runs 3,150 stores in 40 states, Puerto Rico, and the Virgin Islands. Stores carry quality brand name parts such as AC Delco, Monroe, and Purolator. Advance Auto Parts provides both the do-it-yourself and professional installer markets. Advance and Discount generated more than $3.0 billion in revenues. The professional installer market consists of the auto parts that Advance sells to professional repair shops and accounts for 15% of revenue. The administration believes that large benefits will be achieved through purchasing and distribution efficiencies and other outflow savings. Such efficiencies could total $30 million on an annual basis, assumed by the Company.

Advance Auto Parts claimed that the second-store sales assessment were likely to be up 1% to 2% against the preceding guidance of 3% to 5%. The company concerns that the earnings per share (EPS) would likely be in a range of $0.57 to $0.59 versus previous guidance of $0.65 to $0.68.

Aside from providing the customers with aftermarket parts and other items, Advance Auto Parts also grants many other services especially to their workers which includes Company Paid Life Insurance, Health Care, Team Member Store Discount, Military Leave, Vacation Time, 401(K) Retirement Savings Plan, Dependent Scholarships, Service Awards, Sick Leave, Holiday Pay, Stock Purchase Plan, Business Travel Accident Insurance, Optional Part-Time Team Member Benefits Plan including limited Medical, Short Term Disability, and Term Life Insurance, Jury Duty, Medical And Dependent Care Flexible Spending Accounts, Optional Vision Care Coverage, Optional Dental Coverage, Optional Team Member Life & Accidental Death & Dismemberment Insurance, Optional Spouse Life & Accidental Death & Dismemberment Insurance, Optional Dependent Child Life & Accidental Death & Dismemberment Insurance, Optional Short-Term And Long-Term Disability Insurance, Life balance Program (Team Member Assistance Program), Optional Legal Benefits Plan, Bereavement Leave and other benefits which the Company may extend to their employees.

Automotive Aftermarket Industry has been doing well in the industry with substantial growth and it will continue to prove this development in the future.

A report on auto parts and accessories has been released by Global Industry Analysts, Inc. entitled “Auto Parts and Accessories: A Global Strategic Business Report” providing comprehensive analyses of this mammoth market. The report highlights development, growth drivers, issues, business opportunities, and challenges. Also incorporated in the report are mergers & acquisitions, alliances, and other strategic industry activities.

World auto parts and accessories market is estimated to maintain a steady growth rate to acquire the magical figure of US$1 trillion by 2010. United States continues to be the largest market, accounting for about 30% of the world demand. Europe represents the second largest market, at US$180 billion in 2006. Asia-Pacific is the fastest moving market, projected to register a CAGR of about 9% over the next five years. Auto parts and accessories market is largely divided into original equipment (OE) and aftermarket. Those parts that are supplied to the vehicle manufacturers for line-fit are the original equipment parts whereas the aftermarket involves parts supplied to the replacement requirements and needs of customers. There are many existing leading markets for auto parts and accessories worldwide including Arvinmeritor, Inc., Dana Corp., Delphi Automotive Systems Corp., Denso Corporation, Johnson Controls Inc., Lear Corporation, Magna International Inc., Robert Bosch GmbH, TRW Automotive Holdings Corp., and Visteon Corporation.

The modern automobile has been broadly overwhelmed by highly developed electronics. Electronics find extensive utilization in many aspects like satellite navigation, engine management, suspension controls and other enhancements such as activation of windscreen wipers. The next step in this ongoing electronics boom is the interconnectivity of computers on the vehicle intranet with minimum wiring. Infotronics is representing a gain in rapid momentum, linking the Internet to the vehicle intranet and building the vehicle as an essential part of the external information system that includes global positioning system, mobile communication and navigation system. 42-volt vehicle systems are likely to usher in the modern drive-by-wire technologies, electromagnetic valve train and ride control systems. Incorporating the growing movement of additional electronic features into the automobiles signifies to improve the electronic parts and accessories market. Electronic parts and accessories market is poised to generate revenues of US$240 billion in 2010 making an increase at the industry’s fastest compounded annual rate.

Global Industry Analysts, Inc. is an evident publisher of the off-the-shelf market research which was founded in 1987. The company is globally recognized as one of the world’s largest market research publishers. The business employs more than 700 people all over the world and publishes more than 880 full-scale research reports every year. In addition, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.