Auto Parts Group Is Outperforming The Market

By | July 9, 2014

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Most auto parts retailers moved up along with the general market Wednesday. The Retail/Wholesale-Auto Parts group has outperformed the market this year. Year to date, the nine-member group rose a little more than 11% vs. a gain of nearly 7% for the S&P 500. S&P Capital IQ has a favorable outlook on auto parts retailers. In a research report, analyst Efraim Levy noted positive factors such as older vehicles being on the road, demand from deferred Scalper1 News

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