Dragonfly Energy Holdings Corp., a company involved in energy storage, has announced its partnership with Keystone Automotive Operations Inc., a distributor and marketer of specialty automotive equipment and accessories in North America, according to a press release dated Nov. 13. This collaboration enables Dragonfly Energy's products to be available for shipment from Keystone Automotive's eight distribution centers, offering overnight or two-day delivery across 48 states and nine Canadian pr...

Motorcar Parts of America (MPA), a US-based remanufacturer, manufacturer and distributor of automotive aftermarket parts, has reported an increase in net sales for the fiscal second quarter of 5.9%, reaching $208.2 million, according to a press release dated Nov. 12. The company's gross profit increased to a record $41.3 million from $41.1 million a year earlier. These figures were influenced by certain one-time expenses, including $2.7 million for new business onboarding and $1.3 millio...

CarParts.com Inc., a US-based e-commerce provider of automotive parts and accessories, has reported results for the third quarter ended Sept. 28, 2024, in a press release dated Oct. 29. The company said its net sales decreased to $144.8 million, down 13% from the year-ago quarter. Its gross profit stood at $51.0 million compared to $54.8 million; its gross margin was 35.2%, up from 32.9% from the year-ago quarter; and net loss was $10.0 million, or $0.17 per shar...

US-based independent manufacturer and distributor of automotive replacement parts, Standard Motor Products (SMP), announced the expansion of its Collision Repair program, now consisting over 8,000 parts designed to replace vehicle components damaged in collisions, according to a press release dated Nov. 11. This program covers a wide array of parts including advanced driver assistance system (ADAS) components, underhood and cabin components, actuators and sensors, and connectors. Each part of...

Bproauto, the new aftermarket parts brand of Stellantis, announced that as it nears its second year of operations in North America with its launch in January 2023, the company has significantly expanded its product offerings and market presence, offering customers competitively priced and readily available parts, all backed by warranty, according to a press release dated Oct. 31. Bproauto's expanding product line now includes more than 20 categories of automotive parts, such as air and fuel d...

US-based independent manufacturer and distributor of automotive replacement parts, Standard Motor Products (SMP), has announced the finalization of its acquisition of AX V Nissens III APS (Nissens), a European manufacturer and distributor of aftermarket engine cooling and air conditioning products, according to a press release dated Nov. 1. The acquisition, which was initially announced in July, saw SMP taking over all issued and outstanding shares of Nissens for an estimated $390 millio...

Motorcar Parts of America (MPA), a US-based remanufacturer, manufacturer and distributor of automotive aftermarket parts, announced significant changes to its traditional sales team ahead of its participation in the recently concluded Automotive Aftermarket Products Expo (AAPEX) in Las Vegas, according to a press release dated Oct. 31. The move included the promotion of Craig Meadows and the hiring of Jake Boggs. The company said Meadows is an industry veteran with more than 28 years of ...

FlexShopper Inc., a US-based national online lease-to-own retailer and payment solutions provider, has announced a strategic partnership with the Aftermarket Auto Parts Alliance, which operates an expansive network that includes over 3,700 independent distributors, auto parts stores and professional service repair shops across North America, according to a press release dated Nov. 6. This effort marks a considerable expansion of FlexShopper's payment solutions to more than 7,800 locations, in...

Private investment firm Brixey & Meyer Capital (BMC) has announced its acquisition of Smith Equipment Solutions, a company in the technical field services and distribution industry for automotive aftermarket shop equipment, according to a press release dated Nov. 6. The company, previously owned by Wil and Emily Smith who will maintain an ownership stake, is headquartered in Raleigh, North Carolina. Smith Equipment Solutions' expertise lies in the repair, inspection and preventa...

NexaMotion Group (NMG), a US-based company offering solutions to simplify complex vehicle repair, announced that it has acquired parts distributor City Auto Supply, as part of its national expansion endeavors, according to a press release dated Oct. 31. A distributor of automotive parts that supplies to the auto repair industry, City Auto Supply is known for carrying over 100,000 individual parts. The company operates through three wholesale distributor locations, with two in San Francisco an...

Denmark-based spare parts logistics provider Danx, part of the Danx Carousel group, announced that it has recently moved its Stockholm distribution center to a larger and refurbished facility in Kungens Kurva, Sweden, aiming to enhance its operational efficiency and sustainability measures, according to a press release dated Oct. 30. This relocation from the Skärholmen terminal is part of Danx's broader strategy to adapt to market growth and environmental concerns. The new hub is equipp...

US-based automotive parts distributor Genuine Parts Co. (GPC) has reported its third-quarter results for 2024, recording sales of $6.0 billion, a 2.5% increase compared to $5.8 billion in the same period of the prior year, according to a press release dated Oct. 22. The growth in sales is attributable to a 3.2% benefit from acquisitions and a net 0.1% favorable impact of foreign currency and other, partially offset by a 0.8% decrease in comparable sales.  Net income was $2...

Motor's PartSaver data-cleansing services play a vital role in streamlining operations for businesses involved in the automotive industry, particularly in managing and procuring automotive parts, according to a press release dated Oct. 22. PartSaver, acquired and refined by Motor Information Systems in 2008, has become an essential solution for standardizing and validating parts information, addressing a previously widespread problem of inconsistent and unreliable parts data that businesses face...

In a strategic move to bolster its presence and services across Africa, IAMaga, the African regional arm of Nexus Automotive International, has announced the acquisition of BTR, according to a press release dated Oct. 21. This acquisition aims to enhance the expansion of suppliers' activities and deliver more services throughout the continent by providing tailored services to suppliers lacking an adequate regional footprint. Nexus said that since its inception, it has focused on delivering va...

Alliance Automotive Group (AAG), a European automotive aftermarket distributor, has announced a significant leadership shift within its German business unit with Fabian Roberg, who has been the managing director of AAG's German operations and is set to resign by the end of October, according to a press release dated Oct. 14. Since AAG's acquisition of Roberg's family business in 2015, he has been instrumental in growing the German unit's revenue from €150 million to over half a billion...

Following its recent acquisition of PPi Automotive, NexaMotion Group (NMG), a US-based company offering solutions to simplify complex vehicle repair, has inaugurated a new store in Pittsburgh, according to a press release dated Oct. 8. The facility, which opened its doors on Oct. 1, spans 11,000 square feet and boasts a significantly enhanced offering with four times the inventory and double the number of delivery drivers compared to its predecessor, the release added. This expansion aims ...

Donaldson Company Inc., known for its filtration solutions, has inaugurated a new distribution center in Olive Branch, Miss., according to a press release dated Oct. 15. This expansion is set to bolster Donaldson's capacity to cater to the burgeoning demand in the mobile solutions aftermarket segment, which encompasses industries such as heavy-duty trucking, construction, mining and agricultural equipment, the release added. Situated within the Memphis, Tenn., metropolitan area, the Olive ...

Stryten Energy, a US-based energy storage solutions provider, has announced a significant investment in Revkit, a new digital platform that brings together a community of automotive enthusiasts, according to a press release dated Oct. 15. Revkit showcases unique vehicle modifications and provides easy access for consumers to purchase the best automotive aftermarket products to customize their vehicles, the release added. According to Mike Judd, CEO and president of Stryten Energy, this i...

Driven Distribution LLC, backed by HCI Equity Partners, has acquired the auto parts and accessories distribution business of Chicago Parts & Sound, according to a report by aftermarketNews dated Oct. 3. This acquisition is a strategic move for Driven Distribution, following its earlier recapitalization of Tri-State Enterprises Inc. in November 2023. Chicago Parts & Sound, established in 1978 and taken over by Bob and Jackie Lederer in 2002, has additional locations in Illinois, US, an...

US-based retailer and distributor of aftermarket automotive parts and accessories, AutoZone, has announced its financial results for the fourth quarter ended Aug. 31, 2024. The company reported net sales of $6.2 billion, up 9.0% from the fourth quarter of fiscal 2023, according to a press release dated Sept. 24. Despite a minor decrease in gross profit margin to 52.5%, the company saw an operating profit increase of 6.1% to $1.3 billion. Net income for the quarter was $902.2 mi...

US-based ReverseLogix, known for its end-to-end returns management solutions, announced that it has been chosen by JEGS, an online retailer specializing in performance automotive parts, to enhance its customer returns experience and boost efficiency within its operations, according to a press release dated Sept. 24. The company said this collaboration marks a strategic move within the automotive aftermarket industry, which is known for its rapid pace and fluid nature, by recognizing the impor...

Altor Locks, a US-based firm recognized for manufacturing robust coupler locks, announced that it has entered into a strategic partnership with Automotive Accessories Marketing USA Inc. (The AAM Group), the largest distribution group in the Specialty Equipment Market Association (SEMA) marketplace, according to a press release dated Sept. 4. This collaboration was initiated after The AAM Group's members, which include leading automotive aftermarket distributors, were impressed by the resilien...

Continental has announced its plan to build its first fully owned tire distribution center in the US, located in the Dallas-Fort-Worth-Metroplex, aiming to enhance service levels and customer support, according to a press release dated Sept. 18. The facility's construction is slated to start in September, with the objective of commencing operations in 2026. Initially, the distribution center will occupy 753,000 square feet with a capacity to store over 800,000 tires, and it has the potential ...

Nexus Automotive International (Nexus), a Geneva-based alliance of independent car parts distributors, announced the opening of a new North American head office in Dallas to better meet regional expectations and enhance its supplier satisfaction, according to a press release dated Sept. 11. Nexus will place a strong focus on North America, Asia and Africa/Middle East regions in the coming months, with plans to attend key events such as AWDA/AAPEX, Automechanika Dubai and Shanghai. In addition...

Bridgeline Digital Inc., a US-based company known for its AI-powered marketing technology, has announced that its product HawkSearch will be utilized by a prominent national aftermarket automotive truck parts retailer to enhance product discovery on its e-commerce website, according to a press release dated Aug. 29. This integration is aimed at increasing sales through HawkSearch's AI-powered Smart Search feature, which significantly improves the accuracy and relevance of search results for c...

Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, has announced that it is amplifying its sustainability efforts through a newly formed partnership with Worldfavor, a platform known for enabling access to transparent data, according to a press release dated Aug. 29. This collaboration is set to enhance the transparency and sustainability of Meko's supply chain, targeting the entirety of its supply base which encompasses both centrally managed suppliers ...

Rowe Auto Service, a parts supplier located in the US, recognized for its extensive product knowledge, professional service and wide-ranging inventory, has been acquired by Fisher Auto Parts, according to a report by Aftermarket Intel. This acquisition marks Fisher Auto Parts' third acquisition since its significant affiliation with Berrodin Parts Warehouse in October 2023. Furthermore, this purchase accompanies the opening of 32 new greenfield locations in the year to date, in addition to th...

US-based automotive parts distributor Genuine Parts Co. (GPC) announced the appointment of Jenn Hulett as executive vice president and chief people officer, effective Aug. 19, in a press release issued on the same date. Hulett's appointment follows the retirement announcement of Jim Neill, who has committed to continue in an advisory capacity until Sept. 30 to facilitate a smooth transition. In her new role, Hulett will oversee GPC's global human resources operations, contributing to the comp...

NexaMotion Group (NMG), a US-based company offering solutions to simplify complex vehicle repair, has announced the expansion of its general repair products at its Transtar Aftermarket Solutions location in Orlando, Fla., according to a press release dated Aug. 13. Transtar, with over three decades of presence in the Orlando market, has been known for supplying transmission and driveline parts to automotive repair facilities. With this new collaboration, customers in Orlando will now have acc...

LKQ Europe, a distributor of automotive aftermarket parts, services and solutions across Europe, has recently initiated a centralized workshop concept hub aimed at strengthening the collaboration among its 16 concept brands, according to a press release dated July 26. This move is designed to facilitate the sharing of best practices and resources among LKQ Europe's in-country workshop concept teams and the garages they collaborate with. The company said the ultimate goal is to foste...

Vast-Auto Distribution, a subsidiary of Groupe Del Vasto, a distributor and marketer of automotive parts in Eastern Canada and a shareholder of the Aftermarket Auto Parts Alliance, announced that it has expanded its presence in Newfoundland and Labrador by integrating three new stores into its Parts City Auto Parts chain, according to a press release dated Aug. 16. These stores, formerly operating under Browne's Auto Supplies, are strategically located in Mount Pearl, Newfoundland a...

US-based Aesop Auto Parts, a distributor of automotive parts and accessories founded in 2021 by affiliates of private equity firms Outerbound Capital and American Pacific Group, has announced the addition of Rob Wagman to its board of directors, according to a press release dated Aug. 12. Wagman brings over 30 years of experience in the automotive industry, including his tenure as president and CEO of LKQ Corp. from 2012 to 2017. During his leadership at LKQ, Wagman escalated the company's re...

Motorcar Parts of America (MPA), a US-based remanufacturer, manufacturer and distributor of automotive aftermarket parts, has reported an increase in net sales by 6.4%, reaching $169.9 million, and a gross profit increase of 9.8% to $29.2 million for the fiscal 2025 first-quarter ended June 30, 2024, according to a press release dated Aug. 8. Despite this growth, the company faced an unfavorable noncash $11.1 million foreign exchange loss, affecting its operating results. However, through cos...

Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, has announced that it has successfully completed the acquisition of Elit Polska, a move that significantly enhances its footprint in the Polish automotive aftermarket, according to a press release dated Aug. 1. The acquisition was first announced on May 10, 2024, following an agreement with LKQ Corp., the previous owner of Elit Polska. The acquisition has propelled Meko to become the third-largest e...

Moog Louisville Warehouse, a distributor of automotive parts and supplies in the greater Louisville, Ky., and southern Indiana area, announced that it has officially joined Auto-Wares Group of Companies, an aftermarket automotive distribution company headquartered in Grand Rapids, Mich., according to a press release dated Aug. 5. This partnership represents a significant milestone for both organizations, aimed at capitalizing on their combined strengths for future growth and innovation. The t...

CarParts.com Inc., a US-based eCommerce provider of automotive parts and accessories, has reported results for the second quarter ended June 29, 2024, in a press release dated July 30.  The company reported a decrease in net sales by 18% to $144.3 million. Its gross profit stood at $48.4 million against $60.4 million. Notably, the period saw a substantial net loss of $8.7 million, or $0.15 per share, a significant drop from the previous year's net loss of $0.7 million, or $0.01...

Genuine Parts Co. (GPC), a US-based distributor of automotive and industrial replacement parts, has announced its financial results for the second quarter of 2024, ending June 30, according to a press release dated July 23. The company reported sales of $6.0 billion, marking a slight increase of 0.8% compared to the same period in the previous year. This rise in sales is attributed to a 2.2% benefit from acquisitions, despite a 0.9% decline in comparable sales and a 0.5% adverse impact from f...

CarParts.com Inc., an online provider of automotive parts and accessories, has announced the opening of its new state-of-the-art fulfillment center in Las Vegas, according to a press release dated July 24. The fully automated center integrates state-of-the-art AI capabilities to streamline operations, bolster safety measures, and extend availability of automotive parts and accessories, the company said. This facility is designed to significantly enhance the efficiency of handling both...

Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, has announced that it is significantly enhancing its warehouse capabilities in Poland, a strategic move aimed at bolstering its market presence and facilitating ongoing growth, according to a press release dated July 19. The firm is relocating its central warehouse in Poland to a new facility, nearly double the size of the current one, located in the Warsaw region. The transition to a larger warehouse, s...

GSF Car Parts, a UK-based supplier of car parts to the independent aftermarket, announced the opening of new branches in East Manchester, UK, and Southeast London as part of their ongoing expansion efforts, according to a press release dated July 9 by the UK aftermarket industry body, the Independent Automotive Aftermarket Federation (IAAF). The new Openshaw branch in East Manchester, which covers an area of 4,000 square feet, marked a significant milestone by achieving record-breaking sales ...

Stellantis North America has inaugurated a new Mopar Parts Distribution Centre (PDC) in Brampton, Ontario, Canada, at an investment of C$25.1 million and is set to provide employment for over 170 individuals, according to a press release dated July 9. The PDC, encompassing 513,000 square feet, is designed to serve the Greater Toronto Area, Quebec, and Eastern Canada, housing nearly 55,000 parts and having the capacity to ship up to 2 million orders annually. According to the company, a not...

Diesel Technic UK, a supplier of automotive parts and accessories, has recently made several strategic appointments to its sales team, reflecting the company's ongoing commitment to expanding its customer base in the UK and enhancing support for partners and end-user fleets, according to a press release dated July 9. As part of the move, Luke Winship and Kevin Petrie have been appointed sales managers for the Central region and the North and Northern Ireland region, respectively. These appoin...

Meko (previously Mekonomen Group), an automotive spare parts distributor based in Sweden, has announced its expansion in Estonia through the acquisition of Automeister, a company that includes the established workshop concept Carstop with 14 facilities across the country, according to a press release dated July 8. The company said this move is aimed at increasing market shares and enhancing profitability in the Baltic region. Automeister, founded in 1993, has been operating the Carstop concep...

Highline Warren, a US-based supplier of consumable and maintenance products for the automotive aftermarket, has announced the opening of a new distribution center in Vacaville, Calif., later in 2024, according to a press release dated July 1. In preparation for this expansion, the company is actively hiring for various roles, including equipment operators and administrative clerical assistants, with plans to add operations supervisors, merchandise processors and additional clerical positions ...

The Yokohama Rubber Co. Ltd., based in Hiratsuka, Japan, has announced its plans to construct a new passenger car tire manufacturing facility in Qiantang New District, Hangzhou City, Zhejiang Province, mainland China. This initiative, with an initial annual production target of 9 million tires and a capital investment of approximately 36.7 billion yuan (about $227 million), is set to commence production in the second quarter of 2026, according to a press release dated July 1. This move c...

Forvia Hella has announced a plan to restructure lighting production at its main plant in Lippstadt, Germany, according to a company’s press release on June 26. As part of the plan, the company will focus exclusively on the production of high-margin, advanced headlamps at the plant and relocate production of other lighting systems to its other plants.  This decision is in response to evolving market conditions in Europe, characterized by reduced vehicle production, high costs, and chan...

Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, announced that Michael Løve announced his resignation from the Board of Directors at MEKO to dedicate his efforts entirely to his position as CEO of the Danish energy company OK, according to a press release dated July 2. Løve, who joined MEKO's board in 2020 while also serving as OK's CEO, made this decision following the recent approval by Danish competition authorities of OK's significant investment...

LKQ Corporation has announced that it has successfully concluded negotiations with the trade union Verdi, securing a new collective bargaining agreement that will impact approximately 5,000 of its employees in Germany, according to a press release dated June 21. The agreement includes a specific focus on 730 employees stationed at the LKQ Sulzbach-Rosenberg distribution center. Scheduled to remain effective until April 30, 2026, this two-year agreement introduces a mandatory peace obligation,...

CarParts.com Inc., an online provider of automotive parts and accessories, has announced the launch of its first comprehensive brand marketing campaign in the company's over 25-year history, according to a press release dated June 27. The campaign — titled "Now That's My Speed"— will run across digital and social platforms this summer to enhance brand recognition, drive business growth and establish a competitive advantage in the growing auto parts aftermarket industry. The c...

Fisher Auto Parts, a US-based auto parts distribution network, has announced the opening of a Massachusetts, US, distribution center, according to a press release dated June 19. The company has purchased a 217,000-square-feet distribution center on 12 acres located at 2189 Westover Road in Chicopee, Massachusetts. Equipped with 32 loading docks, the new facility will become operational once it is fully outfitted with features to optimize efficiencies, including logistical and material-handlin...

GSP North America, a manufacturer and distributor in the automotive aftermarket, has announced the appointment of Evan Bauer as director of Key Accounts, according to a press release dated June 24. In this role, Bauer will be responsible for managing and growing key accounts in the retail segment for GSP's lines across North America. Bauer's experience as an aftermarket sales and product management leader brings a wealth of knowledge and expertise to the GSP team, the company said. "G...

ENEOS USA Inc., the US arm of Japanese oil and metals company ENEOS Corp., and Georgia, US-based Mighty Auto Parts have announced a new distribution partnership across the US and in Ontario, according to a press release dated June 10. As part of the partnership, Mighty will stock the ENEOS 0W-8 Motor Oil, ENEOS Import DPS Fluid and ENEOS ECO CVT Fluid. Mighty supports a nationwide network of franchises and company operations located in 44 states and serves more than 15,000 automotiv...

Lithia & Driveway (LAD), an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, announced that it has expanded its footprint in the US southeast region with the purchase of Sunrise Chevrolet Buick GMC at Collierville and Sunrise Buick GMC at Wolfchase in Memphis, Tenn., and Woodbridge Hyundai in the Greater Toronto area, according to a press release dated June 11. Combined, these newly acquired stores are projected to generat...

Motorcar Parts of America (MPA), a US-based remanufacturer, manufacturer and distributor of automotive aftermarket parts, has announced that it plans to nominate F. Jack Liebau, Jr. for election to the company's board of directors at its 2024 annual shareholders meeting, according to a press release dated June 10. Liebau has nearly 40 years of experience investing in public companies for institutional asset managers such as Primecap Management Co., The Capital Group, Davis Funds and...

FIGIEFA, the Europe-based international federation of independent automotive aftermarket distributors, announced that it has elected a new board of directors during its General Assembly in Istanbul, according to a press release dated May 22. The board comprises professionals from national associations and automotive spare parts distribution companies across Europe. The newly appointed board members are Mads Engberg as president (representing AUTIG from Denmark), Bastian Müller as vice presid...

US-based retailer and distributor of aftermarket automotive parts and accessories, AutoZone, has reported net sales of $4.2 billion for its third quarter ended May 4, 2024, an increase of 3.5% from the third quarter of fiscal 2023, according to a press release dated May 21. For the quarter, net income stood at $651.7 million compared with $647.7 million in the same period last year, while diluted earnings per share increased 7.5% to $36.69. Commenting on the results, “I want to thank and...

NexaMotion Group, a US-based company offering solutions to simplify complex vehicle repair, has announced the opening of a new Transtar Industries distribution center in Tampa, Fla., according to a press release dated May 16. The new location, which opened on May 13, marks a significant step in the company's expansion strategy, the release added. With a spacious new facility spanning 40,000 square feet, Transtar is poised to offer an extended product catalog for foreign and domestic applicati...

LKQ Corp., a Chicago, US-based provider of alternative and specialty parts and services for automobiles and other vehicles, announced in a press release on May 10 that it has entered into a definitive agreement to sell Elit Polska, a Poland-based distributor of automotive parts, consumables and workshop equipment, to Meko. Meko (previously Mekonomen Group) is an automotive spare-parts distributor based in Sweden. The company operates across eight markets through its group brands FTZ, Inter-Te...

Genuine Parts Co. (GPC), a global distributor of automotive and industrial replacement parts, has announced that Paul Donahue will transition from chairman and CEO to executive chairman, effective June 3, according to a press release dated April 29. At that time, William Stengel, currently president and COO, will succeed Donahue as president and CEO of GPC and will serve as a member of the board of directors. "The board is confident that Will is the right person to lead GPC into the future an...

Genuine Parts Co., a global distributor of automotive and industrial replacement parts, has announced an acquisition for its US Automotive business, stating that effective April 30, the company acquired Motor Parts & Equipment Corp. (MPEC), according to a press release dated May 1. MPEC, founded in 1938, is based in Rockford, Ill. It is said to be the largest independent owner of NAPA Auto Parts stores in the US, operating 181 locations across Illinois, Indiana, Iowa, Michigan, Minne...

AllParts, a European cooperative of independent automotive wholesalers, has announced that it is expanding its portfolio of garage networks with the Car Service Partner concept, according to a press release dated April 25. This accessible concept, specially designed to provide support to independent garage owners, began on April 2. Car Service Partner is exclusively available through AllParts wholesalers and was developed in response to the increasing demand from independent garage owners for...

Berlin-based Autodoc SE, an auto parts e-commerce platform, has announced that global alternative asset manager Apollo has led a minority equity investment alongside leading institutional investors at a valuation of €2.3 billion, according to a press release dated May 3. As part of the transaction, two Apollo representatives will join the company’s supervisory board. The funding will support Autodoc’s expansion into the business-to-business sector while strengthening its position in the...

UK-based A1 Motor Stores, an automotive aftermarket buying and distribution group, has announced its partnership with Global One Automotive, an exclusive automotive alliance of trading groups, according to a press release dated April 26. Effective July 1, A1 Motor Stores will become a shareholder of Global One Automotive, marking a significant milestone in its growth strategy. The decision to join Global One Automotive aligns with A1 Motor Stores' commitment to enhance its presence and compet...

O’Reilly Automotive, Inc., a US-based retailer in the automotive aftermarket industry, has announced record revenue and earnings for its first quarter ended March 31, 2024, according to a press release dated Apr. 24. Sales for the first quarter increased $268 million, or 7%, to $3.98 billion from $3.71 billion for the same period one year ago. Operating income increased 5% to $752 million (or 18.9% of sales) from $717 million (or 19.3% of sales) for the same period one year ago. Net income ...

Auto Parts 4 Less Group Inc., a US-based e-commerce automotive parts firm, has announced that its revenue climbed from $48,573 in January 2024 to $102,409 in March 2024, up 111%, according to a press release dated Apr. 17. The company didn’t disclose further revenue details. Christopher Davenport, CEO and Founder of Auto Parts 4 Less Group Inc. stated, "This success is primarily driven through our LiftKits4Less.com platform, which we reactivated just five months ago. Additionally, while our...

Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, announced that it is modernizing its central warehouse in Helsinki with new technology and automated inventory management, according to a press release dated April 12. The renovated warehouse will enhance the efficiency of operations, lead to improved service, and result in sustainably lower costs. The facility is planned to be fully operational in the first half of 2025. Meko is the market leader in the...

Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, announced that its branch and workshop concept BilXtra is broadening its footprint in the Swedish market, according to a press release dated April 15. The company has formed a partnership with Bilam, the owner of five facilities in southern Sweden, with a goal to further boost BilXtra's brand recognition and establish it as a vital addition to Meko's suite of other concepts in Sweden, the release added. ...

GSF Car Parts, a UK-based supplier of car parts to the independent aftermarket, announced that it is offering support to motorists impacted by the cold weather with its extensive range of economically priced rotating electrics, according to a press release dated March 26. Studies conducted by Borg Automotive and Linköbing University show that in 2023, the aftermarket manufacturer sold 60% of all starters and alternators in the UK between the months of October 2022 and March 2023. Much of the...

Alliance Automotive Group (AAG), a European automotive aftermarket distributor, has announced a rebranding initiative that will see its network of over 275 locations come together under the unified banner of NAPA Auto Parts, according to a press release dated Mar. 19. Over the next 12-18 months, it will be aligned with its key parts brand, NAPA to “create a stronger, more globally recognised brand identity”, the release added. This move aims to bridge its subsidiaries under one cohesive b...

Delphi, a brand of PHINIA Inc., has announced the launch of its refreshed website in Spanish and Italian in an effort to strengthen ties with professionals in the automotive and technology sectors, according to a press release dated Mar. 17. The company says the program highlights its ongoing efforts to providing skilled assistance in distributors, technicians’, and workshops' native languages. Delphi’s website overhaul is claimed to offer an intuitive user experience, incorporating advan...

Corteco, a German supplier of components for the independent aftermarket and the independent aftermarket unit of Freudenberg Sealing Technologies (FST), has announced that it has unveiled its new warehouse in Turkey with the aim of further expansion in Southeast Europe, according to a press release dated Mar. 19. Corteco says Turkey is a pivotal market for the company as it hosts many customers from the independent aftermarket in both passenger car and heavy-duty vehicle sectors. With the new...

CARiD.com, a digital commerce platform for the automotive aftermarket specializing in car parts and accessories, has announced the successful closure of a $35 million funding round, according to a press release dated March 7. The funding will fuel further expansion and technological advancements, and enhance customer service capabilities. Founded in 2008, CARiD said it has grown from a startup into one of the most comprehensive and user-friendly platforms for automotive parts and accessories....

Nexus Automotive International (Nexus), a Geneva-based alliance of independent car parts distributors, announced that it has honored Schaeffler Automotive Aftermarket with the NEXUS Growth Accelerator Passenger Cars 2014–2024 Award, according to a press release dated March 15. The award ceremony took place during the NEXUS Business Forum from March 5 to 7, 2024, in Monaco. As an automotive aftermarket network, Nexus recognizes the successful and trusting cooperation with Schaeffler as ...

HL Mando, a South Korea-based global car parts manufacturer specializing in car suspension, announced that it has recently manufactured suspensions for 200 million vehicles, according to a press release dated March 14. The company said it was the first to manufacture automotive suspensions domestically in South Korea in 1972, and the reaching of the 200 million milestone is the result of its supplying car parts to various automobile manufacturers, including Hyundai Motors. There are t...

CarParts.com, a US-based e-commerce provider of automotive parts and accessories, has announced results for the fourth quarter and fiscal year ended Dec. 30, 2023. In a press release dated March 7, 2024, the company reported net sales in fiscal year at $675.7 million, up 2% from $661.6 million in fiscal year 2022. Net loss in fiscal year 2023 was $8.2 million compared to a net loss of $1.0 million in the previous year, the release added. Net sales in the fourth quarter of 2023 was $156.4�...

Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, announced that has strengthened its position in sustainable car glass repairs through a new partnership with ALD Automotive/LeasePlan, a leasing firm for company cars in Sweden, according to a press release dated March 6. The collaboration means that Meko will become a car glass service partner for more than 45,000 vehicles in Sweden. Fixing minor damages in time reduces the need for extensive repai...

Lithia & Driveway (LAD), an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, announced that it has purchased Carousel Motor Group, growing its footprint in one of the largest markets in the North Central Region, Minneapolis-St. Paul, according to a press release dated Feb. 27. The group, comprised mainly of premium luxury brands, is projected to generate more than $900 million in annualized revenue. "We are excited to e...

Neweast General Trading, a United Arab Emirates-based importer and distributor of aftermarket automotive spare parts, announced that it has partnered with Isuzu Motors, with the opening of a dealership in the Kingdom of Saudi Arabia (KSA), according to a press release dated Feb. 29. This collaboration, symbolized by a Feb. 23 signing ceremony, sets a new standard for innovation and leadership in automotive excellence, the release added. Strategically positioned in the heart of KSA, the Neweas...

Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, announced that its nomination committee has proposed Dominick Zarcone as the new chairman of the board in Meko AB at the Annual General Meeting 2024, according to a press release dated Feb. 19. Zarcone currently serves as the president and CEO of LKQ Corp., listed on the Nasdaq, and has an extensive background with several senior executive roles in major corporations, the release added. According...

O’Reilly Automotive, a US-based automotive aftermarket parts retailer, has announced record revenue and earnings for its fourth quarter and full year (ended Dec. 31, 2023), according to a press release dated Feb. 7. The results represent 31 consecutive years of comparable store sales growth and record revenue and operating income for O’Reilly since becoming a public company in April 1993, the release added.  Sales for the fourth quarter (ended Dec. 31, 2023), increased $188 million, ...

Motorcar Parts of America, a remanufacturer, manufacturer and distributor of automotive aftermarket parts, announced that it has reported results for the third quarter of fiscal year 2024 and nine-months ended Dec. 31, 2023. The performance represented a strong increase in net sales, operating income and cash flow from operating activities, according to a press release dated Feb. 9.  Net sales for the third quarter increased 13.2% to $171.9 million from $151.8 million in the prior year. ...

Syncron, a firm involved in intelligent service life-cycle management solutions, has announced its partnership with Bileko Car Parts AB, a Swedish aftermarket automotive parts distributor and wholesaler, according to a press release dated Jan. 16. Bileko Car Parts has selected Syncron Inventory to optimize parts availability and streamline inventory management throughout its vast network. Syncron Inventory is an essential component of the Syncron Connected Service Experience (CSX) Cloud, an A...

CarParts.com Inc., a leading online retailer of automotive parts and accessories, announced that its board of directors has approved the extension of the company's current $30 million stock repurchase plan to July 26, 2026, according to a press release dated Jan. 22, 2024. The Repurchase Plan was originally set to expire on July 26, 2024. The company believes this extension supports planned approaches to capital deployment to create long-term value for stockholders through...

Australian aftermarket distributor CoolDrive Auto Parts announced that it has expanded its range with new replacement bulbs from Ignite that are produced to original equipment manufacturer specifications to offer superior performance and reliability, according to a press release dated Jan. 16. The bulbs are manufactured on the same production line used for leading vehicle manufacturers, which ensures the highest level of excellence through ISO/IATF quality management systems. Ignite’s headl...

Australian aftermarket distributor CoolDrive Auto Parts has announced that Bremtec Brakes recently introduced a new range of hydraulics, which are now available through CoolDrive Auto Parts, according to a press release dated Jan. 8. The new Trade-Line-branded hydraulics build upon Bremtec Brakes’ trusted reputation of offering reliability and high-quality brake components for efficient and safe braking, the company said. Hydraulics play a crucial role in the functioning of a vehicle’s...

Australian automotive aftermarket parts distributor CoolDrive Auto Parts has announced that it has appointed Gerard Belleville as its new CEO, following John Blanchard's assumption of the role of executive chairman, according to a press release dated Jan. 11. Belleville brings extensive experience in various industry sectors, including 27 years as an audit partner in several chartered accounting firms and 17 years with Deloitte Australia, where he held several leadership roles. Blanchard, ...

Vietnamese electric-vehicle maker VinFast has appointed new dealerships to expand its retail presence in the US, the company announced Jan. 2. VinFast said that it has officially signed agreements with five dealers in four states across the country. The company has plans to further expand its dealership network to 125 outlets across the US in the future. In addition to its newly appointed dealerships, the carmaker currently operates in the US with 13 retail stores and service centers in Calif...

Advance Auto Parts, an automotive aftermarket parts distributor in North America, announced that it has appointed Elizabeth Dreyer as its new senior vice president, controller and chief accounting officer, effective Jan. 9, according to a press release dated Jan. 5.  Dreyer brings over 30 years of accounting and finance experience to the role, having most recently served as chief accounting officer and controller at Amyris Inc., a public biotechnology company. Prior to Amyris, she held v...

Broadleaf Corp., a Japan-based IT solutions provider for automotive aftermarket businesses, and Toyota Mobility Parts have agreed to start a collaboration with the aim of realizing an optimized service for streamlined ordering processes of auto repair parts in the auto aftermarket, according to a press release dated Dec. 11, 2023. Currently, preparations are underway to start providing the service, the release added. Leveraging its advanced IT technology and extensive client network of client...

Sailun, a tire manufacturing company based in China, has announced the establishment of a new factory in Mexico through a joint venture with TD International Holding, according to a press release dated Dec. 20. The move is aimed at focusing on strengthening stability for customers and improving supply efficiency. The new factory will have an annual production capacity of 6 million semisteel radial tires, with a total project investment of $240 million. The JV company is also considering the c...

Global One Automotive, a Germany-based strategic alliance of international automotive aftermarket distributors, announced that it has acquired a new shareholder — a family-owned company, Suder & Suder Sp. z o.o. — who will join the group starting Jan. 1, 2024, according to a press release dated Dec. 22, 2023. Global One has aftermarket distributors from 15 countries worldwide, the release added. Significance: Suder & Suder is one of the largest truck, trailers an...

Denmark-based spare parts logistics provider DANX, part of the Danx Carousel group, announced that it has acquired Forslund & Malmström (FOMAB), a final-mile distribution services provider in Northen Norrland, Sweden, according to a press release dated December 12. The acquisition aims to strengthen DANX's foothold in Sweden through the expansion of its fleet and final mile capabilities. FOMAB specializes in distributing goods to remote areas of Northen Sweden, including Luleå, Gälliva...

Driven Brands Holdings Inc. (Driven Brands), an automotive services company in North America, has announced the launch of Driven Advantage, a new B2B digital marketplace powered by Mirakl Platform, according to a press release dated December 13. The new B2B marketplace connects Driven Brands’ 5,000+ automotive corporate locations, shop owners, franchises, and affiliates with more than 80,000 handpicked products from third-party suppliers, the company said. With Driven Advantage’s one-stop...

Australian automotive aftermarket parts distributor CoolDrive Auto Parts has announced that it has expanded its HULK Professional Series with the addition of lithium batteries, according to a press release dated December 14. The three models available - 100Ah, 100Ah Slimline, and 200Ah - are claimed to offer superior life cycles compared to other brands of lithium batteries and can last up to 60% longer than conventional lead batteries. The advanced Battery Management System (BMS) ensure...

Meko, an independent auto aftermarket company in Northern Europe, has announced that it is optimizing operations in Norway to increase efficiency, strengthen service and reduce emissions from transportations, according to a press release dated Dec. 7. The efforts are estimated to yield annual net savings of at least 66 million Swedish kronor (about $6.31 million) with full effect by 2025, which contributes to permanently improving Meko's profitability, the company said, adding that eff...

Dorman Products has announced that it is releasing 400 new motor vehicle parts in December, representing millions of new sales opportunities for automotive parts distributors, retailers and repair shops, according to a press release dated Dec. 7. This December’s new releases include a Dorman original equipment (OE) Fix-branded exhaust manifold clamp repair kit with coverage for approximately 3 million select aging Ford and Lincoln vehicles. The company said when an exhaust manifold fastener...

US-based Brown & Brown Inc., an insurance brokerage firm delivering risk management solutions, announced that the company has acquired ABS Risk LLC and ABS Operations (collectively: ABS), according to a press release dated Dec. 8. ABS is an administrator of warranty products in the automotive aftermarket providing nationwide parts and labor repair warranties, national road hazard programs and component-specific warranties. The acquisition was made via Brown & Brown Dealer Services (...

LKQ Corporation has announced that it has appointed John Meyne, currently the East Division Vice President of LKQ’s Wholesale – North America segment, to serve as Senior Vice President of LKQ and President of Wholesale – North America effective January 1, 2024, according to a press release dated December 4. Additionally, the company has also appointed Andy Hamilton, currently the Chief Executive Officer of LKQ’s Euro Car Parts business in the United Kingdom and R...

CarParts.com, a US-based e-commerce provider of automotive parts and accessories, has announced the launch of a refreshed content marketing strategy, aimed at enhancing the customer experience, according to a press release dated Nov. 28. The new hub helps consumers learn about their vehicle's maintenance and repair needs; features include links to purchase products directly from the CarParts.com website or mobile app and how-to videos that allow individuals to tackle easy jobs at home. The co...