GSF reports 20% growth, potential for 40 more branches

GSF Car Parts is reporting 20 per cent year-on-year revenue growth, outperforming a buoyant aftermarket sector. Indeed, data from Factor Sales suggests strong growth across the wider aftermarket car parts segment, with the sector up 6.5 per cent year-on-year growth for September, continuing a pattern that has seen eight out of nine months in 2024 trading ahead of 2023. One explanation is that the growth of the car parts market indicates that consumers are holding on to their existing cars for longer, driving demand for repairs and replacement parts.