|By PR Newswire||
|August 13, 2014 02:00 PM EDT||
SAN DIEGO, Aug. 13, 2014 /PRNewswire/ -- BuyAutoParts.com, an ecommerce auto parts distributor ranked number 82 on The San Diego Business Journal 100 Fastest-Growing Private Companies List for 2014. The company was able to claim this spot by obtaining an impressive three year revenue growth of over 55%. Bringing in $27.1 million in 2011, then leaping to an impressive $42.17 million in 2013.
This is the second year in a row BuyAutoParts.com finds themselves on the San Diego Business Journal 100 Fastest-Growing Private Company list. Last year it came in at number 75. Being able to stay on this list multiple years in a row is difficult to-do, especially when revenue is in the $40 million range. The list is based off of revenue growth as a percentage for the past three years. It is much easier to grow by a large percentage if a company only made a few hundred thousand three years ago, but growing from a starting point of $27.1 million is much tougher.
In the past, BuyAutoParts.com focused on replacement auto parts. These parts were direct replacements for parts which came stock in a vehicle. In 2013 the company started investing in providing performance upgrades. These parts are add-ons which let customers get a little more, or a lot more out of their vehicles. These new offerings will be a major part of a continued growth strategy. It allows BuyAutoParts.com to not only sell need parts but also want parts. Now the company can target anyone with a car, instead of those with just a broke down vehicle.
While earning a spot on SDBJ Fastest-Growing List for the past two years, BuyAutoParts.com was also named to The Internet Retailer Top 500 Guide™ for the second year in a row. They ranked 422 in 2013 and moved up to 387 in 2014. The company also improved in the Automotive Parts/Accessories category breaking the top ten for the first time with an impressive rank of 9.
Established in 1989, BuyAutoParts.com is a subsidiary of Meridian Auto Parts – a leading international e-commerce and wholesale distribution company based in San Diego, CA. Long before branching out into the world of retail internet sales, they have been providing high quality parts and excellence in customer service for over 20 years. The company began by remanufacturing steering parts, and today provides a full line of OEM new, aftermarket new, and remanufactured auto parts at wholesale prices. For more information please visit www.BuyAutoParts.com.
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