The global chip famine is weighing on the Zacks Automotive- Replacement Parts industry. While increasing average age of vehicles is working in favor of auto replacement and repair companies, escalating expenses are dimming the industry prospects. A paradigm shift toward electric and driverless vehicles is making it necessary for auto replacement firms to revamp their business models, resulting in high capital spending and thereby limiting cash flows. Soaring commodity costs are making matters worse and clipping gross margins of industry participants. Deep focus on operational efficiency in developing parts and components is likely to benefit key industry players like Genuine Parts Company GPC, LKQ Corporation LKQ, Dorman Products, Inc. DORM and Standard Motor Products, Inc. SMP.

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Genuine Parts Company (GPC) : Free Stock Analysis Report
 
Standard Motor Products, Inc. (SMP) : Free Stock Analysis Report
 
LKQ Corporation (LKQ) : Free Stock Analysis Report
 
Dorman Products, Inc. (DORM) : Free Stock Analysis Report
 
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