Advance Auto Parts Receives Credit Upgrade from Moody's

Business Wire, Oct 28, 2005

ROANOKE, Va. -- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket retailer of parts, accessories, batteries and maintenance items, announced today that it has received a credit upgrade from Moody's Investor Services. Moody's has assigned Advance a Ba1 credit rating, while maintaining its positive outlook.

"This upgrade is a significant recognition for Advance," Chief Financial Officer Jeffrey Gray said. "It gives further credibility to our balanced financial approach and significant financial flexibility. Importantly, the upgrade will result in a reduction in our borrowing costs of 25 basis points. We look forward to continuing to work with our credit-rating agencies, and keeping them apprised of our financial performance. In addition to very favorable industry dynamics, our numerous sales- and profit-driving initiatives give us confidence that we can continue to achieve our long-term strategic goals."

About Advance Auto Parts

Headquartered in Roanoke, Va., Advance Auto Parts is the second-largest automotive aftermarket retailer of parts, accessories, batteries and maintenance items, in the United States, based on sales and store count. As of July 16, 2005, the Company operated 2,708 stores in 40 states, Puerto Rico and the Virgin Islands. The Company serves both the do-it-yourself and professional installer markets.

Additional information about the Company, employment opportunities, services, as well as on-line purchase of parts and accessories can be found on the Company's web site at www.advanceautoparts.com.

Certain statements contained in this release are forward-looking statements, as that statement is used in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events, developments or results, and typically use words such as believe, anticipate, expect, intend, plan, forecast, outlook or estimate. These statements discuss, among other things, our achievement of long-term strategic goals. These forward-looking statements are subject to risks, uncertainties and assumptions including, but not limited to, competitive pressures, demand for the Company's products, the market for auto parts, the economy in general, inflation, consumer debt levels, the weather, and other factors disclosed in the Company's 10-K for the fiscal year ended January 1, 2005, on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results described in these forward-looking statements. The Company intends these forward-looking statements to speak only as of the time of this news release and does not undertake to update or revise them, as more information becomes available.