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Cloud, like AWS or Rackspace is a good option for some people. Keep in mind that once you are migrated, it is very tough to get out of the cloud in case you want to bring it back.
I would imagine that the traffic on this site is pretty static with a nominal growth rate. You arent in the business of IT, you are in the business of providing car parts. How much time to you spend managing this site vs what could you be doing to build your core business? How much is the monthly hosting fee and whats the ROI compared to the aforementioned activities?
read the fine print and SLA (service level agreements). Make your it is spelled out what uptime you can expect every year. What does downtime cost you per hour?
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