ABOUT ADVANCE
ABOUT ADVANCE
ADVANCE AUTO PARTS OVER THE YEARS
1932
Arthur Taubman buys three retail stores, named Advance Stores, in Virgina.
Advance is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. The company was founded in April 1932, when Arthur Taubman purchased three stores in Virginia. In 2014, Advance acquired General Parts International, Inc., a leading privately held distributor and supplier of original equipment and aftermarket replacement products for commercial markets operating under the Carquest and Worldpac brands. Since the acquisition, we have done the important work of integrating Advance, Carquest, Autopart International and Worldpac, which includes moving our headquarters to Raleigh, NC in 2018. In 2019, we acquired the DieHard ® brand. As of December 31, 2022, we employed approximately 67,000 team members, and we generated $11.2 billion in net sales in 2022. At year-end 2022, we operated 4,770 stores and 316 Worldpac branches primarily within the United States, Canada, Puerto Rico and the U.S. Virgin Islands. We also served 1,311 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. As a leader in the aftermarket automotive parts industry, all of us at Advance appreciate the important role we must play in finding solutions to the environmental and social challenges that our industry faces. We are committed to actively participating in leading trade organizations and working with our industry peers whenever possible to find innovative and responsible common solutions.
1985
The company changes its name to Advance Auto Parts, focusing on the sale of automotive aftermarket parts and accessories.
1998
Advance Auto Parts buys 550 Western Auto Supply Company/Parts America stores from Sears, Roebuck & Co., almost doubling the company’s size.
2001 Advance, which operates more than 1,700 stores in 38 states,
announces it is buying Discount Auto Parts, a publicly traded operator of 667 stores. The merger puts Advance on the New York Stock Exchange (NYSE: AAP) in early 2002.
2003
Advance debuts at No. 466 on the Fortune 500.
2005 Advance acquires Autopart International, Inc., a commercial wholesaler of automotive parts, increasing the company’s focus on both retail and professional customer sales.
2014
Advance acquires General Parts International, Inc., a leading privately held commercial supplier of automotive parts.
2018
Advance designates Raleigh, NC as its corporate headquarters, noting its increased focus on technology and omnichannel sales.
2019
Advance acquires the iconic DieHard® brand.
2021 2022
DieHard ® becomes a billion-dollar brand.
Advance’s DieHard AGM battery is the world’s first automotive battery to receive circular economy validation as validated by UL. Advance becomes the first auto parts retailer to sell 12-volt batteries
designed specifically for hybrid and electric vehicles. Autopart International fully integrated into WorldPac.
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2022 ADVANCE AUTO PARTS CORPORATE SUSTAINABILITY AND SOCIAL REPORT | 7
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