Pressured automotive parts retailer and wholesaler Repco Corp reported lower sales and flat margins in the first quarter of fiscal 2007 in contrast to rival Super Cheap Auto, which said its sales rose.
Speaking at the company's annual meeting yesterday, Repco chief executive Graeme Yeomans said car parts sales during the first quarter were $228.1 million compared with $231.2 million during the first quarter in 2006.