EX-99.1

GENUINE PARTS COMPANY
REPORTS RECORD SALES AND EARNINGS FOR
SECOND QUARTER AND SIX MONTHS ENDED JUNE 30, 2007

Atlanta, Georgia, July 19, 2007 — Genuine Parts Company (NYSE: GPC) reported record sales and earnings for the second quarter and six months ended June 30, 2007. Thomas C. Gallagher, Chairman, President and Chief Executive Officer, announced today that sales totaling $2.77 billion were up 4% compared to the second quarter of 2006. Net income for the quarter was $130.1 million, an increase of 8% over $120.7 million recorded in the same period of the previous year. Earnings per share on a diluted basis were 76 cents, up 9% compared to 70 cents for the second quarter last year.

For the six months ended June 30, 2007, sales totaled $5.42 billion, up 4% compared to the same period in 2006. Net income for the six months was $251.7 million, an increase of 7% over $234.6 million recorded in the previous year. Earnings per share on a diluted basis were $1.47, up 9% compared to $1.35 for the same period last year.

Mr. Gallagher stated, “We are pleased that all four of our business segments contributed to our revenue growth in the 2^nd Quarter. Motion Industries, our Industrial Group, had the strongest performance, increasing sales by 9%. EIS, our Electrical Group, had solid results as they produced a 7% increase. The Industrial and Electrical Groups are performing well and with the current favorable conditions in each of these industries, we are encouraged by their prospects over the remainder of the year. The Automotive Group reported a 2% increase for the quarter and our Office Products Group was up 1%. Market conditions continued to be challenging for each of these businesses in the quarter but, through the combination of internal revenue initiatives and improving industry fundamentals, we anticipate a bit stronger growth in Automotive and Office Products over the 2^nd half of the year.”

Mr. Gallagher added, “The balance sheet at June 30, 2007 remains in excellent condition and we continue to strengthen our financial position and generate steady and consistent cash flows. We have used cash in several key areas, such as the dividend and share repurchase program as well as investing in our businesses, to maximize the total return to shareholders.”

Mr. Gallagher concluded, “At mid-year 2007, we continue to be optimistic about our prospects for the remainder of the year. Each of our four businesses has initiatives in place to enable them to generate solid revenue increases in the months ahead.”

Genuine Parts Company will hold a conference call today at 11:00 a.m. Eastern time to discuss the results of the quarter and the future outlook. Interested parties may listen by dialing 877-422-4780, conference ID 5258238. A replay will also be available at 800-642-1687, conference ID 5258238, two hours after the completion of the conference call until 11:59 p.m. Eastern time on July 26, 2007.

Some statements in this release, as well as in other materials we file with the Securities and Exchange Commission (“SEC”) or otherwise release to the public and in materials that we make available on our website, constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Senior officers may also make verbal statements to analysts, investors, the media and others that are forward-looking. Forward-looking statements may relate, for example to our future operations, prospects, strategies, financial condition, economic performance (including growth and earnings), industry conditions and demand for our products and services. The Company cautions that its forward-looking statements involve risks and uncertainties, and while we believe that our expectations for the future are reasonable in view of currently available information, you are cautioned not to place undue reliance on our forward-looking statements. Actual results or events may differ materially from those indicated as a result of various important factors. Such factors include, but are not limited to, changes in general economic conditions, the growth rate of the market for the Company’s products and services, the ability to maintain favorable supplier arrangements and relationships, competitive product and pricing pressures, including internet related initiatives, the effectiveness of the Company’s promotional, marketing and advertising programs, changes in laws and regulations, including changes in accounting and taxation guidance, the uncertainties of litigation, as well as other risks and uncertainties discussed from time to time in the Company’s filings with the SEC.

Forward-looking statements are only as of the date they are made, and the Company undertakes no duty to update its forward-looking statements. You are advised, however, to review any further disclosures we make on related subjects in our Forms 10-Q and Form 8-K reports to the SEC.

Genuine Parts Company is a distributor of automotive replacement parts in the U.S., Canada and Mexico. The Company also distributes industrial replacement parts in the U.S. and Canada through its Motion Industries subsidiary. S. P. Richards Company, the Office Products Group, distributes business products nationwide in the U.S. and Canada. The Electrical/Electronic Group, EIS, Inc., distributes electrical and electronic components throughout the U.S., Canada and Mexico.

GENUINE PARTS COMPANY and SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME


	Three Months Ended June 30,				Six Months Ended June 30,
	2007		2006		2007		2006
	(Unaudited)
	(in thousands, except per share data)
Net sales	$	2,769,527	$	2,661,805	$	5,418,370	$	5,215,357
Cost of goods sold		1,899,942		1,836,623		3,716,841		3,586,698

		869,585		825,182		1,701,529		1,628,659
Selling, administrative & other expenses		659,769		629,688		1,295,603		1,248,670

Income before income taxes		209,816		195,494		405,926		379,989
Income taxes		79,695		74,814		154,252		145,384

Net income	$	130,121	$	120,680	$	251,674	$	234,605

Basic net income per common share	$	.76	$	.70	$	1.48	$	1.36
Diluted net income per common share	$	.76	$	.70	$	1.47	$	1.35
Weighted average common shares outstanding		170,318		172,186		170,392		172,478
Dilutive effect of stock options and
non-vested restricted stock awards		1,062		893		1,039		925

Weighted average common shares outstanding –
assuming dilution		171,380		173,079		171,431		173,403

GENUINE PARTS COMPANY and SUBSIDIARIES
SEGMENT INFORMATION AND FINANCIAL HIGHLIGHTS


	Three Months Ended June 30,						Six Months Ended June 30,
	2007			2006			2007			2006
	(Unaudited)
	(in thousands, except ratio analysis)
Net sales:
Automotive	$	1,395,054		$	1,362,230		$	2,656,561		$	2,590,019
Industrial		839,652			773,553			1,673,044			1,544,780
Office Products		430,665			427,229			882,507			893,184
Electrical/Electronic Materials		110,820			104,021			217,553			199,490
Other (1)		(6,664	)		(5,228	)		(11,295	)		(12,116	)

Total net sales	$	2,769,527		$	2,661,805		$	5,418,370		$	5,215,357

Operating profit:
Automotive	$	114,830		$	113,399		$	210,667		$	209,255
Industrial		70,069			59,073			134,661			116,588
Office Products		37,652			38,523			85,869			86,219
Electrical/Electronic Materials		8,319			6,272			15,539			11,125

Total operating profit		230,870			217,267			446,736			423,187
Interest expense, net		(5,173	)		(6,415	)		(11,844	)		(13,587	)
Other, net		(15,881	)		(15,358	)		(28,966	)		(29,611	)

Income before income taxes	$	209,816		$	195,494		$	405,926		$	379,989

Capital expenditures	$	29,083		$	31,070		$	52,766		$	58,591

Depreciation and amortization	$	21,318		$	17,632		$	42,020		$	35,255

Current ratio								3.1/1			3.1/1

(1)

Represents the net effect of discounts, incentives and freight billed reported as a component of net sales.

GENUINE PARTS COMPANY and SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS


	June 30,		June 30,
	2007		2006
	(Unaudited)
	(in thousands)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	274,560	$	189,145
Trade accounts receivable, net		1,322,973		1,307,071
Merchandise inventories, net		2,223,066		2,162,405
Prepaid expenses and other current assets		219,688		192,477

TOTAL CURRENT ASSETS		4,040,287		3,851,098
Goodwill and other intangible assets, less accumulated amortization		61,960		62,504
Other assets		177,650		516,216
Net property, plant and equipment		445,179		416,135

TOTAL ASSETS	$	4,725,076	$	4,845,953

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Trade accounts payable	$	1,028,705	$	1,018,914
Income taxes payable		21,535		30,881
Dividends payable		62,195		58,104
Other current liabilities		172,903		148,024

TOTAL CURRENT LIABILITIES		1,285,338		1,255,923
Long-term debt		500,000		500,000
Other long-term liabilities		179,056		116,765
Deferred income taxes		-0-		159,304
Minority interests in subsidiaries		63,153		58,635
Common stock		169,930		171,308
Retained earnings and other		2,527,599		2,584,018

TOTAL SHAREHOLDERS’ EQUITY		2,697,529		2,755,326

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	4,725,076	$	4,845,953

GENUINE PARTS COMPANY and SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS


	Six Months Ended June 30,
	2007			2006
	(Unaudited)
	(in thousands)
OPERATING ACTIVITIES:
Net income	$	251,674		$	234,605
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		42,020			35,255
Other		9,348			6,781
Changes in operating assets and liabilities		53,370			(30,627	)

NET CASH PROVIDED BY OPERATING ACTIVITIES		356,412			246,014
INVESTING ACTIVITIES:
Purchases of property, plant and equipment		(52,766	)		(58,591	)
Other		(6,329	)		2,816

NET CASH USED IN INVESTING ACTIVITIES		(59,095	)		(55,775	)
FINANCING ACTIVITIES:
Net payments on credit facilities		-0-			(881	)
Stock options exercised		9,214			5,157
Excess tax benefits from share-based compensation		3,784			1,620
Dividends paid		(119,719	)		(112,426	)
Purchase of stock		(52,009	)		(83,475	)

NET CASH USED IN FINANCING ACTIVITIES		(158,730	)		(190,005	)

NET INCREASE IN CASH AND CASH EQUIVALENTS		138,587			234
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		135,973			188,911

CASH AND CASH EQUIVALENTS AT END OF PERIOD	$	274,560		$	189,145


Contact:		Jerry W. Nix, Vice Chairman and CFO (770) 612-2048