Filters
Your Selections
    Asset
    Published
    Domain
    Topical Categories
    Company
    Region / Country/Territory
    US-based Automotive Parts Headquarters acquires Automotive Supply Co.
    Wisconsin-based Automotive Supply Co. has announced the sale of its business to Automotive Parts Headquarters Inc. (APH), a family-owned auto parts distributor located in St. Cloud, Minnesota. APH, which operates 280 store locations across nine states, will rebrand Automotive Supply Co.'s 10 locations as ASC Auto Value following the acquisition. “As I looked at our company’s future, I recognized APH as a natural fit to continue our family culture and growth,” Rick Wood, president and...
    Unipart partners with Scania for aftermarket logistics in mainland China
    Unipart has entered a three-year contract with Scania to manage its aftermarket logistics in mainland China from a newly launched site in Kunshan. This operation will offer comprehensive aftermarket logistics services and is anticipated to expand significantly, with both size and capacity expected to double within the next year. The new Kunshan site plays a crucial role in Scania's supply chain strategy for mainland China, centralizing both imported and locally-sourced products to efficiently...
    Spare parts logistics player Danx opens terminal in Latvia to boost Baltic freight efficiency
    Denmark-based spare parts logistics provider Danx, part of the Danx Carousel group, announced that it has inaugurated a new terminal in the Baltic region, located on the outskirts of Riga, Latvia. Spanning 600 square meters, this facility aims to enhance freight handling capacity, ensure faster delivery times and reduce CO2 emissions. By relocating, Danx has increased its operational capacity sixfold and improved access to Latvia, Lithuania and Estonia. This move should meet the growing ...
    Genuine Parts Co. appoints new president for North America automotive
    US-based automotive parts distributor Genuine Parts Co. (GPC) announced that Randy Breaux will retire as group president, GPC North America, at the end of 2025. In light of his retirement, Alain Masse has been promoted to the new role of president, North America Automotive, effective August. Until his official retirement, Breaux will remain in an advisory capacity to ensure a smooth transition. In a statement, Will Stengel, president and CEO of GPC, praised Breaux's 14-year tenure with t...
    Detroit Axle faces closure due to tariffs on imports from China – report
    Detroit Axle, an aftermarket auto parts dealer based in Ferndale, Michigan, is facing potential closure within weeks due to tariffs on goods imported from China, according to a June 8 news report by The Detroit News. The company filed a lawsuit against the Trump administration over the termination of the "de minimis" exemption, which allowed small-value packages from China to be imported duty-free, the report added. Detroit Axle's filing with the US Court of International Trade expresses urge...
    AutoZone says Q3 2025 sales at $4.5 billion, up 5.4% YOY
    US-based retailer and distributor of aftermarket automotive parts and accessories, AutoZone, reported its third-quarter financial results for the period ended May 10, 2025, showing an increase in net sales to $4.5 billion, up 5.4% from the same period in fiscal 2024. However, the company's gross profit margin decreased by 77 basis points to 52.7%, impacted by higher inventory shrinkage, increased commercial mix and startup costs for new distribution centers. Operating profit decreased 3.8%...
    Swedish aftermarket player AD Sverige acquires Finland's Örum Oy Ab
    Swedish aftermarket company AD Sverige announced that it has acquired Finnish aftermarket firm Örum Oy Ab. "The acquisition supports AD Sweden's growth strategy. Both companies have strong local roots, a customer-oriented approach and strong technical expertise. By merging similar companies, AD Sweden's position in the Nordic countries will be strengthened and a solid foundation for a successful future will be created," the company said in a press release. Both companies said their strong...
    Meko launches new division to boost exclusive brand presence
    Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, has announced that it is enhancing its focus on exclusive brand spare parts and accessories for workshops and car owners by establishing a new division aimed at strengthening its product offering across all its markets. Henrik Pettersson has been appointed to lead this organization, bringing his extensive experience in the automotive aftermarket and product development, the company says, adding that it h...
    Topdon partners with MEDCO to expand distribution of automotive diagnostic products
    Topdon, a US-based provider of tools and solutions for professional technicians and do-it-yourself enthusiasts, announced a partnership with Manufacturers Equipment Distribution Co. (MEDCO). This partnership will allow Topdon's complete range of automotive diagnostic products to be distributed through MEDCO's national wholesale network. MEDCO is based in Philadelphia and is recognized as North America's largest combined PBE and Tool Equipment wholesaler in the automotive aftermarket indu...
    Canada's SaaS firm Coveo's AI platform enhances e-commerce for truck parts distributor FleetPride
    Coveo, a Canadian software-as-a-service (SaaS) company that specializes in AI-powered search and relevance platforms, announced that it accelerated customer service and drove revenue with enhanced digital presence and data-driven insights for FleetPride, a North American distributor of truck and trailer parts and service in the independent heavy-duty aftermarket. FleetPride leveraged the company's AI-Relevance platform to transform online experiences and boost conversions. The servi...
    UK's GSF Car Parts opens first of its seven new branches for 2025
    GSF Car Parts, a UK-based supplier of car parts to the independent aftermarket, announced that it has commenced its 2025 expansion by opening a new branch on the Stourbridge Industrial Estate in the West Midlands, UK. This marks the first of seven new branches planned for the year, following substantial investments made over the past 12 months, the company said. The new site enhances services available to independent garages in the Black Country area, complementing existing branches in Kidder...
    Lubrizol partners with IMCD for lubricant and fuel additives distribution in Vietnam
    Lubrizol announced that IMCD Group, a global distribution partner and formulator of specialty chemicals and ingredients, is its new Channel Partner for the lubricant and fuel additives market in Vietnam. IMCD Vietnam will leverage Lubrizol’s unique product line and technical capabilities to meet the surging demand for lubricants and finished fluids in Vietnam, the company said, adding that IMCD has already demonstrated significant delivery and logisti...
    ZM Trucks selects ACT Fulfillment to provide parts distribution services
    ZM Trucks, North America, has partnered with ACT Fulfillment to service its dealers, fleets and service partners with Genuine ZM Trucks spare parts. The partnership with ACT Fulfillment will enable all parties to order spare parts directly from their online portals at ZMTrucks.us for fulfillment in three different order classes — emergency orders for expedited air freight, day orders and stock orders. ACT Fulfillment has a long history of working with automotive customers, and its inboun...
    Mighty Auto Parts parent firm appoints new director of major accounts
    Mighty Distributing System (MDSA), a provider of original equipment-quality automotive parts, chemicals and lubricants, has announced the appointment of Dave Johnston as director of major accounts. The company says Johnston brings more than 30 years of experience in the automotive industry, including senior leadership roles at Apollo Tyres Ltd. and Toyo Tires, where he led commercial sales, product strategy and market development across the US and ...
    Continental to cease tire production at Malaysia plant by end of 2025
    Continental will cease tire manufacturing at its Alor Setar, Malaysia, plant by the end of 2025. This facility, which employs 950 people, produces passenger car, light truck and motorcycle tires for the Asia-Pacific market. The closure decision follows a comprehensive business review aimed at maintaining competitiveness and business performance in the Asia-Pacific region, as Continental adapts to evolving customer demands and optimizes its product portfolio and manufacturing footprint. Des...
    Genuine Parts Co. says Q1 2025 sales at $5.9 billion, up 1.4% YOY
    US-based automotive parts distributor Genuine Parts Co. (GPC) has reported its financial results for the first quarter of 2025, reporting sales at $5.9 billion, up 1.4% compared to $5.8 billion in the same period of the prior year. The improvement is attributable to a 3.0% benefit from acquisitions, partially offset by a 0.8% decrease in comparable sales and a 0.8% net unfavorable impact of foreign currency and other. Net income was $194 million, or $1.40 per diluted earni...
    LKQ Euro Car Parts expands product range with Mitsuboshi belts and ERA bulbs
    LKQ Euro Car Parts, a distributor of automotive aftermarket parts, services and solutions across Europe, has expanded its product range by introducing Mitsuboshi belts and ERA bulbs. Mitsuboshi, known for its high-quality transmission belts, is now distributed by LKQ Euro Car Parts in the UK and Republic of Ireland, making it the largest distributor in these regions. ERA bulbs, which feature Halogen and ECE R99 certified Xenon options, enhance the company's electrical offerings and inclu...
    Hunter Canada distribution center doubles its inventory capacity
    Hunter Engineering Canada has completed a remodeling project of its distribution center in Aurora, Ontario. This redesign aims to significantly reduce lead times for shipping Hunter products throughout Canada, achieving a target of 14 days or less. The project, which was undertaken to accommodate expected future growth, lasted five months and focused on creating a more efficient operational layout. “Our customers depend on Hunter Canada to deliver solid, reliable equipment quickly, so they ...
    Nexus Automotive expands into Turkey to tap aftermarket potential
    Nexus Automotive International (Nexus), a Geneva-based alliance of independent car parts distributors, announced that it has expanded its global reach with the creation of Nexus Automotive Turkey, aimed at capitalizing on the development opportunities within the Turkish automotive aftermarket. Located in Ürmaniye, Istanbul, this new division seeks to leverage Nexus' extensive network, which spans 145 countries and includes 523 members, 2,319 wholesale distributors, 96 suppliers and nearly 10...
    Infosys partners with LKQ Europe to transform HR processes
    Infosys, an India-based global entity in digital services and consulting, has announced its successful partnership with LKQ Europe, a distributor in the automotive aftermarket parts sector. This collaboration focuses on leveraging Infosys Cobalt — a comprehensive set of services, solutions and platforms aimed at enhancing enterprises' cloud journeys — to streamline LKQ Europe's human resources (HR) processes across 18 countries. As part of an ongoing five-year collaboration,&nbs...
    Meko launches new Commercial Vehicle division and appoints its head
    Meko announced that it is strengthening its focus on commercial vehicles, including trucks, buses and transporters with a goal to achieve the same strong market position in commercial vehicles as in passenger cars. To lead this expansion, Meko has appointed experienced automotive industry leader Nils Hollmann as the head of its newly established Commercial Vehicle division. "We are stepping up our efforts and redefining the market to benefit our customers. Owners and operators of commerc...
    US aftermarket distributor FleetPride acquires fleet maintenance firm OTR Fleet Service
    FleetPride Inc., a US-based independent distributor of aftermarket heavy-duty parts and services, has announced its acquisition of OTR Fleet Service LLC, a major player in fleet maintenance based in Houston. The acquisition enables FleetPride to broaden its service capabilities throughout Texas by incorporating OTR's expertise in on-site mobile maintenance and repair services for heavy-duty trucks and trailers. OTR Fleet Service, known for its extensive reach in Texas with service center...
    CarParts.com exploring possible sale of company
    CarParts.com, an e-commerce destination for automotive parts and accessories, has announced that it is considering a possible sale of the company in its efforts to "maximize shareholder value" in response to "inbound strategic inquiries the company has received." To facilitate this process, CarParts.com has obtained the services of Craig-Hallum Capital Group LLC for financial advisory and Wilson Sonsini Goodrich & Rosati, Professional Corporation for legal counsel. David Meniane, CEO o...
    American Tire Distributors sells all assets to new investor group
    American Tire Distributors has recently concluded the sale of all its assets to a group of well-financed investors keen on fostering long-term growth. This move has led to the formation of a new entity, which will continue to operate under the name American Tire Distributors (ATD). The new company aims to enhance its growth trajectory and establish itself as a significant player within the replacement tire distribution sector. The strategy revolves around concentrating on its primary tire dis...
    Meko partners with Goodyear for tire distribution
    Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, has announced that it is accelerating its business in the tire segment and entering a strategic partnership with Goodyear. The initiative aims to achieve sales of 1 million tires, valued at 1 billion kronor (about $99 million), by the end of 2026. The partnership ensures efficient distribution in the Nordic region, thereby strengthening Meko's position in one of the key growth segments of the aftermarket. ...
    Magneti Marelli Parts and Services expands logistics operations in Poland
    Magneti Marelli Parts & Services has extended its logistics operations in Poland by enlarging the Sosnowiec Warehouse, a move realized through the renewal of a long-standing partnership with CEVA Logistics. This collaboration, originally established in 2004, has now been extended for an additional five years, lasting until 2029. The Sosnowiec facility, boasting 18,000 square meters of advanced infrastructure, ranks as the second main logistics hub for Magneti Marelli Parts & Services ...
    RevolutionParts expands e-commerce platform for aftermarket manufacturers and distributors
    RevolutionParts, a US-based automotive e-commerce company, has introduced new capabilities aimed at assisting aftermarket manufacturers and warehouse distributors in broadening their sales scope, enhancing fulfillment efficiency, and improving the accuracy of product data. The company said the enhanced platform enables seamless catalog integration, unlocking new direct-to-consumer (D2C) and business-to-business revenue streams while simplifying order fulfillment. The company said with the enh...
    Daimler Truck partners with Spryker to enhance its B2B spare parts marketplace
    Spryker, a commerce platform catering to business-to-business commerce, enterprise marketplaces and internet of things commerce, has partnered with Daimler Truck, the world's largest commercial vehicle manufacturer, to revolutionize the B2B spare parts webshop experience for customers in Europe. The collaboration aims to streamline the spare parts purchasing process, making it faster, more accessible and convenient, thereby addressing the costly downtime associated with unexpected repair...
    Lithia & Driveway acquires Stohlman Subaru to bolster Mid-Atlantic presence
    Lithia & Driveway (LAD), an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, announced the acquisition of Stohlman Subaru, a full-service Subaru dealership located in Sterling, Virginia. The move aims to expand LAD's operations in the Mid-Atlantic region, an area known for its strong performance in the automotive industry. "We are thrilled to welcome the talented Stohlman Subaru team to the Lithia & D...
    BendPak Inc. launches GoAir Mini air compressor for home garages and workshops
    BendPak, a California, US-based workshop equipment manufacturer and distributor, has announced the launch of the GoAir Mini, a new compact air compressor designed for home garages and workshops. Unlike regular tire inflators, the GoAir Mini is a true air compressor capable of being mounted on a BendPak car lift column or a wall, the company said. The device has a robust 120 PSI output, making it suitable for a variety of applications including releasing locks on four-post lifts and powering p...
    LKQ Corp. appoints new directors and forms finance committee
    LKQ Corp. announced that it has introduced two new independent directors, Sue Gove and Michael Powell, to its board of directors, effective immediately. This enhancement is part of a broader strategy that included the formation of a finance committee within the board. These changes come as part of a cooperation agreement with Ancora Catalyst Institutional LP, Engine Capital LP and their affiliates, following a period of constructive engagement. Sue Gove, the founder and president of...
    Advance Auto Parts appoints new executive vice president and general counsel
    Advance Auto Parts Inc., an automotive aftermarket parts provider in North America, has announced the appointment of Jeff Vining as its new executive vice president, general counsel and corporate secretary, effective March 2. Vining, who brings over 20 years of extensive legal expertise in corporate governance, M&A, risk management and more, will oversee all aspects of the company's legal, corporate governance and compliance functions. He will directly report to Shane O'Kel...
    Apec expands product range with performance parts
    Online distributor, PartsinMotion.co.uk, has expanded Apec’s premium quality range, including brake pads, discs, brake hoses, coil springs, suspension arms and calipers, now offering more than 21,000 part numbers in its portfolio. Top applications in the new Apec range include brake pads for popular VAG models, wishbone/suspension arms to cover the Vauxhall Insignia; brake calipers for the Kia Picanto; brake discs for the BMW 5 Series, X3 and X4; and coil springs fitting...
    NAPA Auto Parts UK launches official eBay store
    EBay has officially launched the NAPA Auto Parts UK store on its platform, expanding its extensive vehicle parts and accessories marketplace. This collaboration offers customers easy access to thousands of NAPA Auto Parts and accessories, including a broad variety of high-quality, authentic parts for all makes and models, the company said. The launch is part of eBay's commitment to providing a comprehensive selection for vehicle maintenance needs, supported by the eBay Assured Fit guarantee a...
    ZF Aftermarket launches campaign against counterfeit parts
    ZF Aftermarket has launched a campaign called Keep it Real to combat counterfeit automotive parts, which pose extensive risks to drivers, passengers and other road users, and also have broader economic and brand implications. The campaign delves into the complex operations behind identifying, tracking and eliminating fake products from the supply chain, emphasizing the global and meticulously coordinated efforts of ZF's intellectual property team. Stationed at the departmental headquarters in...
    Aftermarket distributor FleetPride acquires heavy-duty repairer ARS
    FleetPride Inc., a US-based independent distributor of aftermarket heavy-duty parts and service, announced it has acquired the assets of ARS Truck & Fleet Service. Based in New Castle, Delaware, ARS operates 25 service bays in two locations and a mobile service fleet of 16 trucks. This transaction represents the expansion of service on the Eastern Seaboard. ARS, established in 1972, is known for its in-house and on-location repair services for heavy-duty fleets. The announcement...
    TechMan partners with Alliance Automotive Group to streamline parts ordering
    TechMan has recently unveiled a new partnership with Alliance Automotive Group (AAG), aimed at enhancing the parts ordering process for its users. Through this integration, TechMan's platform now includes direct access to AAG's extensive parts catalogue, effectively streamlining the procurement process. This new feature allows users to remain on the TechMan system without the need to navigate between multiple platforms, thereby saving time that was previously spent in search of parts. It enab...
    ZF Aftermarket, HDA Truck Pride partner to distribute WABCO products
    ZF Aftermarket and HDA Truck Pride, North America’s largest independent provider of parts and services to the commercial vehicle aftermarket, have announced a partnership to distribute WABCO products to the commercial vehicle independent aftermarket. The announcement came at the recently held Heavy Duty Aftermarket Week (HDAW) 2025 in Texas. The partnership between WABCO, a provider of innovative solutions for commercial vehicles, and HDA Truck Pride, a premier marketing group, aims to enha...
    Mighty Auto Parts expands in New England, US, with Rhode Island franchise
    Mighty Auto Parts has recently enhanced its presence in New England, US, by opening a new franchise in Rhode Island, namely Mighty Auto Parts of Rhode Island, led by newly appointed franchise owners Joe and Jennifer Felicio. The Felicios are poised to leverage their diverse backgrounds to make a significant impact in the automotive parts industry across Rhode Island and Southern Massachusetts, the company said. Joe Felicio's enthusiasm for automotive restoration and his involvement in the dra...
    Dealer Tire, RockED partner for sales certification program for dealerships
    Dealer Tire, a tire distributor and service provider for franchise dealerships across the US, and RockED, a mobile sales enablement platform for the automotive industry, have announced a partnership to develop and launch a tire sales certification program, aimed at empowering parts and service associates at numerous select dealerships throughout the US. This collaboration combines Dealer Tire's significant expertise in tire distribution and services with RockED's advanced micro-learning ...
    Highline Warren names Brad Moreschi as new president and COO
    Highline Warren, a US-based supplier of consumable and maintenance products for the automotive aftermarket, has announced significant changes in its executive leadership. As part of the move, Brad Moreschi, who has served as the company's CFO since 2021, has been named president and COO, effective Jan. 13, 2025. The move follows the realignment of the executive team aimed at enhancing customer value and positioning the company for future success, the release added. Ken Chrisman, the outgoing ...
    UK's GSF Car Parts opens National Distribution Centre in Wolverhampton
    GSF Car Parts, a UK-based supplier of car parts to the independent aftermarket, announced that it has inaugurated its National Distribution Centre (NDC) in Wolverhampton, which began operations as the central logistics hub aimed at modernizing the company's supply chain infrastructure. Acquired in May 2024 and spanning nearly 500,000 square feet with the potential for expansion to 750,000 square feet, the facility significantly streamlines delivery processes to GSF's 194 branches nationwide. ...
    Michael Beland named senior vice president at Advance Auto Parts
    Advance Auto Parts Inc., a prominent North American automotive aftermarket parts provider that caters to both professional installers and do-it-yourself customers, has announced Michael Beland's appointment as senior vice president, controller and chief accounting officer, effective Jan. 5. In his new role, Beland will oversee the company's accounting operations, tax, external financial reporting and compliance on an enterprisewide scale. Ryan Grimsland, the executive vice president and ...
    Toyota Boshoku to debut at Bharat Mobility Global Expo 2025
    Toyota Boshoku Corp., headquartered in Kariya City, Aichi Prefecture, Japan, announced its participation in the Bharat Mobility Global Expo 2025. This marks the company's first time exhibiting at the event, underscoring the significance of the Indian market to its global expansion strategy. Toyota Boshoku's decision to participate in the expo is driven by its aim to better understand local market needs and enhance its market presence in India to secure more orders in the future. At the expo, ...
    India's myTVS enters quick commerce delivery for automotive parts
    MyTVS has announced its entrance into the quick commerce delivery segment for distribution of automotive parts and lubricants for passenger vehicles and commercial vehicles, aiming to cut down supply chain costs by 30%, according to a report by Motor India dated Dec. 19.  The initiative is set to enhance the company's supply chain efficiency through collaborations with its existing retail network while utilizing the myTVS digital catalog to minimize the inventory stocked in dark sto...
    CarParts.com partners with Extend to boost customer satisfaction
    CarParts.com, an e-commerce destination for automotive parts and accessories, has announced its partnership with Extend, a provider of shipping protection and product protection, according to a press release dated Dec. 12. This collaboration introduces Extend Shipping and Product Protection for items sold on CarParts.com. Through Extend's services, customers of CarParts.com now have the option to protect their orders beyond the standard manufacturer warranty, with the option to extend coverag...
    Aftermarket distributor CTTP partners with Fleet Services to expand in Southern California
    Commercial Truck and Trailer Parts (CTTP), a national distributor of aftermarket parts for the US heavy-duty truck industries, has announced a partnership with Fleet Services Inc. to establish a presence in the Southern California region, according to a press release dated Dec. 10. Fleet Services, established in 1966 and known for its service for nearly six decades, operates from four locations in California, US — Anaheim, San Bernardino, San Diego and Ventura. This partnership aims to leve...
    NexaMotion Group opens new auto parts store in Maryland
    NexaMotion Group (NMG), a US-based company offering solutions to simplify complex vehicle repair, announced that it has officially opened a new C&M Auto Parts store in Beltsville, Maryland, marking this as its 10th expansion in 2024, according to a press release dated Dec. 10. This new addition aims to serve the local market by providing a broad spectrum of automotive aftermarket parts. With a partnership with Transtar Aftermarket Solutions, a sister NMG company, the Beltsville facility i...
    LKQ Corp. announces board changes
    LKQ Corp. has announced significant changes to its board of directors as part of its ongoing board refreshment process, according to a press release dated Dec. 11. The company revealed that James S. Metcalf will join the board as an independent director starting from Dec. 11. This appointment coincides with the announcement that Dominick Zarcone has decided not to stand for reelection and will retire at the conclusion of his term during the company's 2025 annual meeting. Following Zarcone's d...
    Aisin Corp. announces global aftermarket strategy overhaul at AAPEX 2024
    At the AAPEX 2024 event, Aisin Corp. unveiled its ambitious plan to overhaul its global aftermarket strategy, aiming to become a comprehensive parts and service provider. This strategic shift involves the creation of Aisin Aftermarket & Service of America Inc., a fusion of AWTEC — a Transmission Remanufacturing division — and the Aftermarket Business unit of Aisin World Corp. of America (AWA). Scheduled to commence operations in April 2025, this restructured entity seeks to streamline...
    Automechanika Shanghai to focus on sustainable future for the automotive industry
    The Automechanika Shanghai 2024 event is set to take place from Dec. 2 to 5, featuring 81 events and over 400 speakers. There are estimated to be over 6,000 exhibitors showcasing their latest advancements in automotive aftermarket technology, emphasizing the event theme of innovation, transformation and a sustainable automotive future. With the high number of exhibitors, the theme is expected to explore various facets of the industry including R&D, production, distribution, e-commerce, ...
    Matt Johnson appointed CEO of Driven Distribution by HCI Equity Partners
    HCI Equity Partners, a US-based private equity firm focusing on the lower middle market, has named Matt Johnson as the CEO of Driven Distribution Group, its new automotive aftermarket distribution platform, according to a press release dated Nov. 19. Distribution Group is a warehouse distributor of automotive aftermarket hard parts, consumables and accessories. This announcement follows shortly after Driven Distribution's endeavors including the acquisition of the auto parts and accessories d...
    Dragonfly Energy partners with Keystone Automotive to expand distribution
    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 says Q2 2024 sales at $208.2 million, up 5.9% YOY
    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 reports Q3 2024 net sales at $144.8 million, down 13% YOY
    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...
    Standard Motor Products expands Collision Repair program
    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...
    Stellantis-owned Bproauto marks second year with continued expansion in North America
    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...
    Standard Motor Products completes acquisition of Nissens
    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 revamps sales team
    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 partners with Aftermarket Auto Parts Alliance to expand payment options
    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...
    Brixey & Meyer Capital acquires Smith Equipment Solutions
    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 acquires parts distributor City Auto Supply
    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...
    Danx moves to a new, larger facility for sustainability and efficiency
    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...
    Genuine Parts Co. reports Q3 2024 revenue at $6 billion, up 2.5% YOY
    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 Information Systems outlines its PartSaver service for increasing parts procuring efficiency
    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...
    Nexus' African arm IAMaga acquires BTR
    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 announces leadership change in German unit
    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...
    NexaMotion Group opens new automotive store in Pittsburgh
    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 ...
    Filtration solutions firm Donaldson opens new distribution center in Mississippi
    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 ...
    US-based Stryten Energy invests in automotive platform Revkit to expand aftermarket presence
    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 acquires Chicago Parts & Sound
    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...
    AutoZone says Q4 2024 net sales at $6.2 billion, up 9% YOY
    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...
    Online parts retailer JEGS partners with ReverseLogix to revamp returns management
    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 collaborates with The AAM Group to distribute robust trailer lock
    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 to open first fully owned tire distribution center in Dallas
    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 opens new North American head office in Dallas
    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 partners with aftermarket parts retailer to boost e-commerce sales
    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 partners with Worldfavor to enhance supply chain sustainability
    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 ...
    Fisher Auto Parts acquires Rowe Auto Service
    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...
    GPC appoints Jenn Hulett as new chief people officer
    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 expands product range with Transtar in Orlando, Fla.
    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 launches centralized workshop concept hub
    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...
    Canadian auto parts distributor Vast-Auto expands footprint with three stores
    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...
    Former LKQ CEO Rob Wagman joins Aesop Auto Parts board of directors
    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 Q1 2024 sales at $169.9 million, up 6.4% YOY
    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 completes acquisition of Polish wholesaler Elit Polska
    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...
    US distributor Moog Louisville Warehouse merges with Auto-Wares Group of Companies
    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 reports downturn in Q2 financial performance
    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. says Q2 sales up 0.8% YOY at $6.0 billion
    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 opens new AI-driven automotive parts center in Las Vegas
    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 expands warehouse capabilities in Poland for market growth
    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 opens new branches in Manchester, UK, and London
    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 inaugurates new Mopar Parts Distribution Centre in Brampton, Canada
    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 makes strategic appointments to its team
    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 expands in Estonia with Automeister acquisition
    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...
    US-based Highline Warren opens new distribution center in Vacaville, Calif.
    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 ...
    Yokohama Rubber to build new tire plant in mainland China
    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 to restructure production at Lippstadt plant in Germany
    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...
    Michael Løve steps down from Swedish distributor MEKO's Board
    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 reaches collective bargaining agreement with trade union
    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,...
    loading
    preload preload preload preload preload preload