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NAICS 423120, industry

NAICS 423120: Motor vehicle supplies and new parts merchant wholesalers

NAICS 423120 is the industry code for motor vehicle supplies and new parts merchant wholesalers. Use it on loan applications, tax forms and registrations. Lenders price it on the business's own numbers rather than an industry program.

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What 423120 covers

This code covers merchant wholesalers of new motor vehicle parts and supplies, such as auto parts, accessories, batteries and shop supplies sold to repair shops, retailers and fleets.

Included in this code

  • New auto parts distribution
  • Truck parts distribution
  • Vehicle batteries wholesale
  • Automotive accessories
  • Shop supplies and tools for repair shops

Not this code

Businesses that use 423120

Auto parts distributorHeavy duty truck parts wholesalerPerformance parts distributor

Financing for this trade

Parts distributors use asset based lines on inventory and receivables and SBA 7(a) loans for acquisitions. Lenders look at inventory turns and shop customer concentration.

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Is 423120 the right code for an auto parts wholesaler?

Yes, if you sell new auto or truck parts mainly to repair shops, fleets and retailers. Stores selling to the public use 441330, salvage yards selling used parts use 423140 and tire distributors use 423130. Pick the code that matches the work bringing in most of your revenue, since lenders compare it to your tax return.

What is the SBA size standard for 423120?

Under 13 CFR 121.201, a business classified under NAICS 423120 is small if it averages no more than 200 employees, counting affiliates, over the prior 24 months. SBA uses that number for loan eligibility and federal agencies use it for small business set asides. A firm above it can still qualify for SBA 7(a) and 504 loans under the alternative standard of $15 million tangible net worth and $5 million average net income.

How do auto parts distributors finance inventory?

Parts distributors carry large inventories, so they rely on asset based lines advancing against inventory and receivables from repair shops. SBA 7(a) loans fund acquisitions of other distributors. Lenders look at inventory turns, obsolete stock and customer concentration. Current financial statements and a receivables aging report speed up any of these approvals.

What does NAICS 423120 cover?

Motor vehicle supplies and new parts merchant wholesalers. Industry level code in NAICS 2022, under 42 Wholesale trade, 423 Merchant wholesalers, durable goods, 4231 Motor vehicle and motor vehicle parts and supplies merchant wholesalers, 42312 Motor vehicle supplies and new parts merchant wholesalers.

What financing do NAICS 423120 businesses use?

Term loans, lines of credit, SBA loans and working capital are the usual products. Start an application and the AI matches the deal to lenders that fund this code.

Where do I put NAICS 423120?

On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.