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Genuine Parts is the quiet middleman of the repair economy: it buys parts from thousands of factories and warehouses them in a continental network, then resells them through NAPA Auto Parts stores to mechanics and drivers, and through Motion Industries to the maintenance crews who keep factories running. After ~95 years and 70 straight years of dividend increases, it is now preparing to split its automotive (NAPA) and industrial (Motion) halves into two separate public companies in 2027.

A middleman, not a maker

GPC makes almost nothing. Its whole business is buying parts from thousands of factories, warehousing them close to demand, and getting the exact right part to a mechanic or a factory faster than they could source it themselves.

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