ACDelco targets $400 million revenue
Dubai, June 15, 2010
ACDelco is targeting a revenue of $400 million this year following a 12 per cent growth witnessed in the first five months of 2010.
ACDelco has experienced impressive growth in recent years, especially in 2009 when sales went up year on year by 14 per cent and revenues reached $360 million, the best year on record, said a statement.
The GCC accounts for 98 per cent of ACDelco’s Middle East sales, with its largest single market being Saudi Arabia, followed by the UAE.
ACDelco displayed its regional leadership - the result of double digit growth over the past two years - in premium replacement parts and automotive services at the recent Automechanika Middle East 2010 in Dubai.
“ACDelco has invested heavily in the Middle East, and is committed to making quality, value parts available to the market. As such, it was critical for us to be at Automechanika, to promote ACDelco’s parts and services and network with trade members,” said Glenn Heller, manager, sales and marketing, GM Parts/ACDelco.
The biggest seller in ACDelco’s product portfolio is its line of batteries, commanding a 40 per cent market share, making it the regional leader in automotive batteries.
ACDelco currently supplies more than 100,000 component parts in 57 different classifications, including batteries, filters, oil, brakes, wipers and more, for almost all makes and models of vehicles on the road, including premium replacement parts for American, European and Asian vehicles.
ACDelco has also responded to regional market needs by recently introducing state-of-the-art window films for automotive applications and will be offering exciting accessories like Xenon light kits and reverse park sensors in the near future.
ACDelco is also increasingly becoming a leader in automotive services, working with its dealer partners to expand its regional network of ACDelco Service Centers, in both existing and new markets, such as Iraq. ACDelco started 2010 with 41 service centres around the region, and expects that number to grow to 47 by year-end, the statement said.
ACDelco has its regional headquarters and Middle East Distribution Centre in Dubai, along with a battery factory in Saudi Arabia that produces 3 million batteries a year. – TradeArabia News Service