GSF Car Parts has announced impressive year-on-year revenue growth of over 20% for the first nine months of 2024. This growth solidifies GSF’s position as the frontrunner in the automotive aftermarket sector.
The wider aftermarket sector is also experiencing strong growth, with an increase of 6.5% year-on-year in September. GSF Car Parts’ outperformance can be attributed to strategic investments in new stores, expanded product availability, improved customer service, and efficient delivery processes.
In response to the positive results, GSF Car Parts has announced plans to open an additional 40 branches in the coming year. This expansion will further strengthen their position and enhance their ability to serve customers across the UK.
GSF Car Parts was acquired by Epiris private equity and the Ahluwalia family in October 2023. This acquisition has provided the company with the resources and support to drive its growth and expansion.
Sukhpal Ahluwalia, Executive Chairman at GSF Car Parts, expressed satisfaction with the company’s performance and highlighted the opportunities for continued growth in the aftermarket sector. He emphasised the importance of GSF’s focus on customer service and efficiency in driving their success.
GSF Car Parts’ strong performance and ambitious expansion plans position them as a leading force in the UK automotive aftermarket industry.