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    CLEPA calls for rules to ensure fair competition in the automotive aftermarket
    The European Association of Automotive Suppliers (Comité de Liaison Européen des Fabricants d'Equipements et de Pièces Automobiles: CLEPA) has released a note on the importance of competition as a fundamental principle in the automotive aftermarket and the importance of permanent adaption of the framework that fosters competition developed by the legislator and the European Court of Justice, according to the statement by CLEPA Secretary General Benjamin Krieger dated April 12. The associat...
    Survey reveals 84% of US independent repair shops view vehicle data access as top issue
    US-based Auto Care Association has released results from a new nationwide survey of repair shops highlighting the challenges that independent repair facilities face when servicing vehicles, often forcing them to turn away business, according to a press release dated April 10. These new survey findings reiterate the immediate need for the bipartisan REPAIR Act, which would ensure that vehicle owners and repairers of their choice have access to the vehicle data, tools and software required to main...
    UK-based GSF Car Parts outlines range of rotating electrics
    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...
    MEMA & eShipping partner to offer logistics solutions for the aftermarket
    The Motor & Equipment Manufacturers Association (MEMA) Aftermarket Suppliers, an association in North America representing motor-vehicle component manufacturers, has announced its partnership with eShipping, a nationwide distribution chain management company headquartered in Kansas City, Mo., according to a press release dated April 2. The newly launched MEMA & eShipping Partner Program aims to enhance logistics solutions for the automotive aftermarket industry, the release added. The...
    MEMA announces formation of Aftermarket Suppliers CEO Council
    The Motor & Equipment Manufacturers Association (MEMA) Aftermarket Suppliers, an association in North America representing motor-vehicle component manufacturers, has announced the formation of the Aftermarket Suppliers CEO Council, according to a press release dated March 27. Exclusively for top aftermarket leaders, the council brings together executives from the automotive, commercial vehicle and remanufacturing sectors, the release added. MEMA said its networking groups are consisten...
    Alliance Automotive Group’s locations to come under the NAPA Auto Parts brand
    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...
    Freudenberg-owned Corteco opens warehouse in Turkey
    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...
    US DOJ & FTC support MEMA’s petition on expanding access to vehicle telematics data
    The Motor & Equipment Manufacturers Association (MEMA) Aftermarket Suppliers, an association in North America representing motor-vehicle component manufacturers, has announced that it applauds the recent submission from the US Justice Department (DOJ) and the Federal Trade Commission (FTC) to the US Copyright Office, according to a press release dated March 15. The submission supports MEMA’s petition for a new exemption to the Digital Millennium Copyright Act's (DMCA's) anti-circumventi...
    Advance Auto Parts appoints three new independent directors
    Advance Auto Parts Inc., an automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced that it has appointed A. Brent Windom, Gregory L. Smith and Thomas W. Seboldt as independent directors to the Advance Auto Parts board, effective immediately, according to a press release dated March 11. In connection with these appointments, the company has entered into a cooperation agreement with Third Point LLC and Saddle Point Man...
    US ecommerce platform CARiD.com secures $35 million in funding
    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 recognizes Schaeffler as growth accelerator within the Nexus network
    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 ...
    UK-based GSF Car Parts opens new Wembley branch
    GSF Car Parts, a UK-based supplier of car parts to the independent aftermarket, announced that it has opened its new Wembley, UK, branch on March 4, according to a press release dated March 5. This is the second branch the parts supplier has opened in 2024 and the first of several new sites it is set to open in the greater London area in 2024, it said. GSF said it supplies thousands of independent garages, national chains and retail customers (via www.GSFcarparts.com) throughout the UK w...
    CarParts.com says its 2023 sales of $676 million, up 2% YOY, is its highest ever
    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 partners with ALD Automotive/LeasePlan for glass repairs
    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...
    UAE based-Neweast General Trading and Isuzu announce partnership
    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’s nomination committee proposes Dominick Zarcone as new chairman of the board
    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...
    Motorcar Parts of America expands Quality-Built brake-related product part numbers
    Motorcar Parts of America (MPA), a US-based remanufacturer, manufacturer and distributor of automotive aftermarket parts has announced that it has introduced expanded product coverage for its Quality-Built-branded brake pad and brake rotor program, with more than 20 new part numbers covering an additional 7 million vehicles in operation, according to a press release dated Feb. 12. The new part numbers are offered through QB, Quality-Built and Quality-Built Black Series brands powered by MPA, ...
    Report: Court case sheds light on emissions inconsistencies in car modifications in UK
    A recent court case involving AET Motorsport has highlighted a legal grey area surrounding car modifications that could put drivers and businesses at risk of prosecution, according to a news report by Autocar UK dated Feb. 9. The court found the company guilty of illegally altering a car's catalytic converter and engine control unit to increase noise levels, making it illegal to drive on public roads. The magistrates emphasized that business owners must be aware of the law and warned that simila...
    O’Reilly Automotive reports Q4 2023 sales at $3.83 billion, up 5% YOY
    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 reported Q3 FY 2024 net sales at $171.9 million up 13.2% YOY
    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. ...
    Mobivia appoints Romain Sartorius as chairman and CEO
    French mobility group Mobivia has announced that a new board of directors for the company, which includes 11 brands and around 20 start-ups, was elected during the annual General Meeting that was held on Jan. 27, according to a press release dated Feb. 2. The new board has appointed Romain Sartorius, grandson of Norauto founder Eric Derville, as chairman and CEO of Mobivia for the next four years.  Sartorius succeeds Fabien Derville, son of Eric Derville and chairman and CEO of Mobivia f...
    Bileko Car Parts partners with life-cycle management solution provider Syncron
    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...
    Holley names Philip Dobbs as senior vice president of Customer Experience Marketing
    Holley Inc., a US-based automotive aftermarket performance solutions firm, has announced that Philip Dobbs has joined the organization as senior vice president of Customer Experience Marketing, according to a press release dated Jan. 18. Dobbs has taken on a newly created role focused on providing the best possible brand, product and service engagements across the company’s business-to-business and business-to-consumer (B2C) touchpoints. “Philip is a dynamic marketing leader wit...
    CarParts.com announces extension of $30 million repurchase plan
    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...
    Australia’s CoolDrive expands Ignite range of headlight replacement bulbs
    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...
    CoolDrive Auto Parts announces expansion of Bremtec Brakes hydraulics range
    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 distributor CoolDrive appoints Gerard Belleville as CEO
    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, ...
    MEMA appoints new senior vice president of Government Affairs
    The Motor & Equipment Manufacturers Association (MEMA) Aftermarket Suppliers, an association in North America representing motor-vehicle component manufacturers, has announced that Ana Meuwissen will be joining the MEMA Advocacy team as the senior vice president of Government Affairs, according to a press release dated Jan. 12. The move follows the retirement of Ann Wilson, who has been an integral part of MEMA for over 20 years, at the end of 2024. "Her remarkable journey with ...
    Napa Truck launches aftermarket exhaust temperature sensors
    Commercial vehicle aftermarket manufacturer Napa Truck has released its new range of exhaust temperature sensors for commercial vehicles, according to a press release by UK aftermarket industry body, the Independent Automotive Aftermarket Federation (IAAF), dated Jan. 9. Exhaust temperature sensors are a vital component of a vehicle’s exhaust system, maintaining optimal temperatures and keeping emissions low. Napa Truck Exhaust Temperature Sensors are precision-made for an exceptionally rel...
    Rental firm Hertz to sell 20,000 EVs due to low demand
    Rental firm Hertz Global Holdings has announced that it will sell approximately 20,000 electric vehicles from its US fleet, or about one-third of the global EV fleet, according to an SEC filing dated Jan. 11. The sale, which was initiated in December 2023 and is expected to take place over the course of 2024, will cover multiple makes and models. The company expects to reinvest a portion of the proceeds from the sale of EVs into the purchase of internal combustion engine (ICE) vehicles to meet c...
    ACMA Automechanika New Delhi 2024 to have over 500 exhibitors
    German trade fair, congress and event organizer Messe Frankfurt, and India’s apex component industry body Automotive Component Manufacturers Association of India (ACMA) have announced that the fifth edition of ACMA Automechanika New Delhi — the exhibition of auto parts, auto components and products for car aftersales service — is scheduled to be held from Feb. 1–3, 2024. In a press release dated Jan. 2, it was announced that the event would bring together over 500 exhibitors from 12...
    BT Group to convert old street cabinets into EV charging points to add to UK’s charging infrastructure
    London-based telecommunications company BT Group plans to convert old green street cabinets into electric vehicle charging points across the UK, according to a news report published by the BBC on Jan. 7. These metal cabinets were traditionally used to store broadband and phone cabling, the report said, adding that many of these street cabinets are coming toward the end of their lifespans. Under a pilot program, the first green street cabinet will be installed as an EV charging point in Sco...
    CLEPA appoints Schaeffler senior executive Matthias Zink as new president
    CLEPA, the European Association of Automotive Suppliers, has elected Matthias Zink as its new president for a two-year term starting in January 2024, according to a press release dated Jan. 9. Zink is CEO Automotive Technologies at Schaeffler and will succeed Thorsten Muschal who has held the position since 2020. “CLEPA represents over 3,000 companies, from multi-nationals to SMEs, supplying state-of-the-art components and innovative technology for safe, smart, and sustainable mobility acro...
    PHE Group acquires majority stakes in Spanish companies AD Egido and AD Masanes
    The PHE Group, through its subsidiary AD Parts Intergroup, has acquired significant stakes in two Spanish companies, AD Egido and AD Masanes, expanding its presence in the country, according to a press release dated Jan. 9. AD Egido, based in the San Sebastián region of Spain, operates seven sites and a repair network of 60 workshops, with a turnover of approximately €12 million in 2022. The acquisition of 88% of AD Egido's capital strengthens PHE Group's position in Spain, where it has be...
    Elizabeth Dreyer appointed as Advance Auto Parts' new chief accounting officer
    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...
    Standard Motor Products expands Gasoline Fuel Injection program offering
    Standard Motor Products Inc. (SMP) announced that it continues to expand its aftermarket-leading Gasoline Fuel Injection program, according to a press release dated Jan. 4. With more than 2,100 part numbers, Standard offers the most complete program in the industry, including everything needed for a complete repair. Standard's complete Fuel Injection program features over 1,100 all-new, not remanufactured, Gasoline Direct Injection (GDI), Multi-Port Fuel Injection (MFI) and Throttle Body Inje...
    B&R Auto announces three acquisitions and new executive appointment
    B&R Auto, a US-based value-added provider of recycled automotive parts and a portfolio company of Highview Capital, has announced the acquisitions of American Auto Recycling (American Auto), New Way Auto Sales & Parts (New Way) and Charlie's Towing (Charlie's), according to a press release dated Jan. 4. The acquisitions of American Auto and New Way expand B&R's business into Arizona, US, while the acquisition of Charlie's grows B&R's existing footprint in Oregon, US, the release ...
    PARTS iD announces delisting from NYSE American
    PARTS iD Inc. has announced that it received notification from the NYSE that the NYSE has initiated proceedings to delist the Class A common stock of PARTS iD Inc. from NYSE American, according to a press release dated Jan. 2. The NYSE also indefinitely suspended trading of the company’s Class A common stock effective Dec. 26, 2023. PARTS iD does not intend to appeal the NYSE’s determination, the company said. Significance: According to the release, the NYSE determined t...
    Japanese aftermarket IT services provider Broadleaf partners with Toyota Mobility Parts
    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...
    Aisin and SPK commence sale of power back door kits in Japan
    Japan-based SPK Co. Ltd and Aisin Corp. have announced that they have jointly developed a power back door kit for the Toyota Yaris Cross, and the companies launched it as an exclusive SPK product on Dec. 12, 2023, according to a press release dated Dec. 11, 2023. This product electrically opens and closes the back door by operating the in-car switch or wireless key. It also has a function to adjust the automatic stop position of the back door at any height and a function to stop at any height...
    Infosys, LKQ Europe partner for five-year business process integration
    Infosys, a global firm involved in digital services and consulting, has announced a five-year collaboration with LKQ Europe, a distributor of automotive aftermarket parts in Europe, according to a press release dated Dec. 21. Under the collaboration, Infosys will assist LKQ Europe in integrating and standardizing its business processes and systems to enable synergies and achieve economies of scale. LKQ Europe aims to reduce complexities, increase efficiency and leverage its strengths through ...
    German aftermarket distributor Global One Automotive gets a new shareholder
    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...
    Australian Automotive Aftermarket Association appoints new chairman
    The Australian Automotive Aftermarket Association (AAAA) has announced the appointment of Wayne Bryant to the position of AAAA chairman, according to a press release dated Dec. 21. The AAAA is the national, independent association representing the aftermarket, and the role of the AAAA board is critical in further strengthening the association’s ability to support, develop and future-proof the aftermarket industry, the organization said. Wayne Bryant, who holds the position of CEO, Auto...
    Spare parts logistics player DANX expands in Sweden with acquisition of FOMAB
    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...
    US-based heavy-duty aftermarket firm High Bar Brands’ ownership changes hands
    High Bar Brands (HBB), a US-based manufacturer and distributor of high-quality commercial vehicle solutions for the heavy-duty trucking industry, with its portfolio of brands, including Minimizer, Premier Mfg., Dieter’s Accessories, Panelite, and Viking Sales, has announced its strategic recapitalization with Sentinel Capital Partners, according to a press release dated December 20. As part of the move, Sentinel, a New York-based alternative asset manager has acquired HBB from Heartwood Partne...
    US retailer O’Reilly Automotive to acquire Canadian parts distributor Vast-Auto
    O’Reilly Automotive, a US-based automotive aftermarket parts retailer, has announced that it will acquire Canadian auto parts distributor Groupe Del Vasto, according to a press release dated December 18. O’Reilly Automotive has entered into a definitive stock purchase agreement with the shareholders of Groupe Del Vasto to acquire all the outstanding shares of the company. Groupe Del Vasto operates as Vast-Auto Distribution (Vast-Auto). Founded in 1986, Vast-Auto Distribution is involved i...
    US-based Driven Brands launches B2B digital marketplace for workshops
    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...
    Australia's Cooldrive expands range with lithium batteries for heavy-duty applications
    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...
    UK-based GSF Car Parts sets out future growth strategy
    GSF Car Parts, a UK-based supplier of car parts to the independent aftermarket, announced that its Executive Chairman Sukhpal Singh Ahluwalia and CEO Steve Horne have unveiled an ambitious and trailblazing vision to invest, expand and improve the leading automotive aftermarket business at its Supercharged for Success staff conference this week, according to a company release dated Dec. 14. More than 300 managers from across the national motor factor’s 180 branches and specialist support tea...
    Meko optimizes operations in Norway for increased efficiency and better service
    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 expands range with 400 vehicle parts
    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...
    MEMA CEO Julie Fream to depart, Collin Shaw named as successor
    The Motor & Equipment Manufacturers Association (MEMA) Aftermarket Suppliers, an association in North America representing motor-vehicle component manufacturers, has announced that Julie Fream, president and CEO of MEMA's Original Equipment (OE) Suppliers group, will step down from her role March 31, 2024, according to a press release dated Dec. 11. MEMA has announced that Collin Shaw will succeed Fream as president of the MEMA, OE Suppliers group, effective April 1, 2024.&nbs...
    US-based Brown & Brown acquires Automotive Business Solutions
    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 (...
    Transtar forms NexaMotion Group to combine automotive aftermarket businesses
    US-based Transtar Holding Co. has announced the formation of NexaMotion Group, according to a press release dated Dec. 1. The new company will encompass the automotive aftermarket businesses that serve automotive professionals through distribution and e-commerce solutions. The group will include Transtar Industries, Transend, C&M Auto Parts, King-O-Matic, TransMart, Recon and Pro-King Automotive Products, the company said. Significance: According to the company, Neil Sethi, presid...
    LKQ Corp. announces new leadership appointments
    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 launches revamped content marketing strategy
    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...
    US-based Auto Care Association and UK aftermarket body IAAF form new partnership
    The Auto Care Association, a US-based industry body representing independent manufacturers, distributors and repair shops, and the UK aftermarket industry body, the Independent Automotive Aftermarket Federation (IAAF), have agreed a new partnership, which will see the two associations work closer together in the coming months and years, according to a press release by IAAF dated Nov. 9. Meeting at automotive expo AAPEX, held recently in Las Vegas, the two federations — IAAF represented...
    Motorcar Parts of America launches vendor supply chain financing program
    Motorcar Parts of America, a remanufacturer, manufacturer and distributor of automotive aftermarket parts, announced that it has launched a vendor supply chain financing program designed to enhance payment terms and improve cash flow for both valued vendors and the company, according to a press release dated Nov. 28. The platform will be administered by a leading FinTech company, which services suppliers in more than 80 countries in multiple currencies. Motorcar Parts of America is engag...
    LKQ says Justin Jude to succeed Dominick Zarcone as CEO
    US-based distributor of replacement parts, components and systems LKQ Corp. announced that Dominick Zarcone, the company’s current president and CEO, has informed the company’s board of directors of his intention to retire from his role effective June 30, 2024, according to a press release dated Nov. 27. The board has unanimously selected Justin Jude, the company’s current senior vice president and president of its Wholesale — North America segment, to succeed Zarcone as LKQ’s next pre...
    Meko to provide aftermarket services to HiPhi owners in Northern Europe, starting from the fourth quarter of 2023
    Meko, a leading independent auto aftermarket company in Northern Europe, has agreed to partner with Chinese electric vehicle manufacturer HiPhi, which is set to introduce its brand in Norway, to provide vehicle owners with authorized aftermarket services starting in the fourth quarter of 2023, a press release dated Nov. 22 said. This collaboration aligns with Meko's strategy to serve as a service partner to new EV manufacturers looking to establish themselves in select regions. The partnershi...
    Advance Auto Parts names Ryan Grimsland as new CFO
    Advance Auto Parts, an automotive aftermarket parts distributor in North America, announced that it has appointed Ryan Grimsland as its new executive vice president and CFO, effective Nov. 27, 2023, according to a press release dated Nov. 15. Grimsland brings over 20 years of experience in corporate finance, treasury, financial planning, and retail strategy and transformation. He previously served as senior vice president, strategy and transformation at Lowe's Companies Inc. In addition, the ...
    Motorcar Parts of America says Q2 2024 sales at $196.6M, up 14% YOY
    US-based manufacturer and distributor of automotive aftermarket parts, Motorcar Parts of America, has reported record sales for its fiscal 2024 second quarter and six-month period ended Sept. 30, 2023, with record gross profit and strong cash flow from operating activities, according to a press release dated Nov. 9. The company’s net sales for the second quarter increased 14.0% to a record $196.6 million from $172.5 million in the prior year. Net loss for the quarter improved to $2.0 millio...
    Advance Auto Parts reports Q3 net sales at $2.7 billion, up 2.9%
    Advance Auto Parts, an automotive aftermarket parts distributor in North America, has announced its third-quarter financial results on Nov. 15, 2023, highlighting a 2.9% increase in net sales to $2.7 billion compared to the same period last year. The company's gross profit decreased by 16.3% to $1.0 billion, primarily due to a change in inventory reserve estimates and higher product costs that were not fully covered by pricing actions. Selling, General & Administrative (SG&A) expenses...
    Meko, Zeekr partner for authorized workshop services in Sweden
    Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, announced that it has partnered with electric car manufacturer Zeekr to offer authorized workshop services to Zeekr owners in Sweden, according to a press release dated Nov. 16. Meko said it will handle service, repair and maintenance for Zeekr vehicles, as well as warranty issues, through its comprehensive network of workshops. The partnership aligns with Meko's strategy to be a complete service pa...
    Meko names Christer Johansson as new CFO to lead financial strategy
    Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, announced that it has appointed Christer Johansson as its new CFO, according to a press release dated Nov. 15. Johansson brings extensive experience in finance and controlling, having served as vice president of Business Control at battery manufacturer Northvolt and previously as CFO at Hoist Finance, listed on Nasdaq Stockholm. He also has a background in venture development and consulting at McKin...
    Meko invests in a new high-technology warehouse in Norway
    Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, has announced that it is increasing its focus on the Norwegian market and investing in a new fully automated central warehouse in Oslo, Norway, according to a press release dated Nov. 9. The new facility will consolidate Meko's inventory management in Norway and is expected to provide lasting cost savings and improved service. The warehouse is anticipated to be fully operational by the end of 2025. Meko ...
    Bridgestone has acquired a 5% stake in Halfords Group PLC’s automotive SaaS platform, Avayler
    Japanese multinational tire manufacturer Bridgestone has acquired a 5% stake in automotive software-as-a-service company Avayler, belonging to UK-based Halfords Group PLC, according to a press release dated Nov. 4. The software developed in-house by Avalyler allows companies to streamline their customer bookings and job processes in workshops and service centers, in addition to accepting bookings for mobile tire services. The SaaS solution is used by Halfords to manage its wide network o...
    Daewoo to reenter India with Kelwon Electronics and Appliances to supply aftermarket products
    South Korea's Daewoo, which previously operated in the Indian passenger vehicle market from 1995 to 2003 before exiting the country, has announced its reentry into the Indian market through a strategic partnership with Kelwon Electronics and Appliances, a press release dated Oct. 25 said. Kelwon recently showcased a range of consumer electronics and automotive aftermarket products, including lead-acid batteries for two- and four-wheelers, Daewoo-branded lubricants and electric bicycles. The c...
    US retailer O’Reilly Automotive says Q3 2023 sales at $4.20 billion, up 11% YOY
    O’Reilly Automotive, a US-based automotive aftermarket parts retailer, has announced record revenue and earnings for its third quarter ended Sept. 30, according to a press release dated Oct. 25. Sales increased $405 million, or 11%, to $4.20 billion from $3.80 billion for the same period one year ago. The company’s net income for the quarter rose $64 million, or 11%, to $650 million from $585 million for the same period one year ago. Sales for the first nine months of 2023 increased $1.21...
    Auto Care Association, MEMA welcome advancement of REPAIR Act
    The United States House of Representatives Subcommittee on Innovation, Data and Commerce, has favorably reported the Right to Equitable and Professional Auto Industry Repair (REPAIR) Act, to the full Energy and Commerce Committee for future consideration. This move was applauded by the Auto Care Association, a US-based industry body representing independent manufacturers, distributors and repair shops, and The Motor & Equipment Manufacturers Association (MEMA) Aftermarket Suppliers, an ...
    Genuine Parts Co. reports Q3 2023 sales at $5.8 billion, up 2.6% YOY
    US-based automotive parts distributor Genuine Parts Co. reported its third-quarter 2023 results, with sales of $5.8 billion, up 2.6% year over year, according to a press release dated October 19. Net income was $351 million, an increase of 12.4%, and the company generated cash flow from operations of $1.1 billion for the first nine months of 2023. The company ended the quarter with $2.2 billion in total liquidity. In terms of segment performance, global Automotive sales were $3.6 billion, up ...
    LKQ sells GSF car parts to UK Private Equity Fund
    US-based distributor of replacement parts, components and systems LKQ Corp. announced that it has sold GSF Car Parts to Epiris Fund III, a private equity fund based in the UK, according to a press release dated October 25. The company said the divestiture fulfills its obligation to the UK's Competition and Markets Authority to sell the GSF business in connection with LKQ's acquisition of Uni-Select Inc. The terms of the transaction were not disclosed. Significance: Commenting on ...
    LKQ says Q3 2023 revenue at $3.6 billion, up 15% YOY
    US-based distributor of replacement parts, components and systems LKQ Corp. has announced that its revenue for the third quarter ending on Sept. 30, 2023, stood at $3.6 billion, up 15.0% compared to $3.1 billion for the third quarter of 2022, according to a press release dated October 26. Total parts and services revenue rose 17.1% year over year. Net income for the third quarter of 2023 was $207 million as compared to $261 million for the same period in 2022, according to the release. ...
    US-based Fanttik to showcase automotive inflators at SEMA Show 2023
    Fanttik, a US-based supplier of automotive and tool products has announced that it is joining the upcoming Specialty Equipment Market Association (SEMA) Show 2023 to showcase its products from October 31 to November 3 at the Las Vegas Convention Center, US, according to a press release dated October 23. It is Fanttik’s second appearance at the auto-show where it had won the SEMA Best Media Award in 2022 for one of its tire inflators. The company will showcase its comprehensive ran...
    CoolDrive expands air-con range with new Jayair and Bosch offerings
    Australian aftermarket distributor CoolDrive Auto Parts announced that it has expanded its air-conditioning tools offerings with the latest products from Jayair and Bosch, according to a press release dated October 17. Jayair is a 40-year-old brand in the automotive air-conditioning space with components for both passenger vehicles and heavy-duty applications. The company’s new offerings include an A2L Vacuum Pump, which is a two-stage direct pump suitable for use with A2L refrigerant. With...
    Australian distributor CoolDrive says Bremtec brake pads now copper-free
    Australian automotive aftermarket parts distributor CoolDrive Auto Parts has announced that the brake pads from one of the braking brands that it distributes, Bremtec Brakes, are now manufactured without copper, as part of the company’s move to make its products more environmentally friendly, according to a press release dated October 11. Bremtec Brakes offers a complete range of aftermarket brake products to distributors, technicians, performance professionals and enthusiasts. The range is...
    Meko announces capital gain of €4 million through Denmark property sale
    Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, announced that it has divested a warehouse and office property in Denmark to the property manager Hanssen Stagnum A/S, according to a press release dated October 9. The transaction values the premises at approximately €6 million and results in a capital gain of about €4 million, the company said, adding that the deal further strengthens Meko's financial position. The property being sold is located in...
    Sweden’s Meko appoints new director of communication
    Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, announced that it has appointed Anders Oxelström as the new director of communications, according to a press release dated October 5. With a solid background as a leader in some of Sweden's largest media organizations and years of advising major Swedish publicly traded companies, Oxelström will play an important role in enhancing Meko's communication, according to the announcement, which added that Oxe...
    Australian distributor CoolDrive announces relocation of facilities
    Australia-based automotive parts distributor CoolDrive Auto Parts announced that it has relocated a number of its Queensland, Australia, branches to newer facilities, to allow the company to better serve its customers in the Brisbane and Gold Coast regions in Queensland, according to a press release dated September 28. As part of the rejig, CoolDrive’s Ashmore branch in Gold Coast has relocated to a facility in Yatala, Gold Coast, with ample space to showcase and warehouse CoolDri...
    Standard Motor Products expands range with 272 new part numbers
    US-based independent manufacturer and distributor of automotive replacement parts, Standard Motor Products (SMP), announced the release of 272 new part numbers in its September product-expansion announcement, according to a press release dated September 25. The company has continued the expansion of coverage for hybrid and electric vehicles under its own brand as well as its Four Seasons brand. The company has introduced steering-angle sensors for vehicles such as the 2011–2023 Nissan Leaf ...
    US-based Highline Warren lubricants division COO to retire
    Highline Warren, a US-based supplier of consumable and maintenance products for the automotive aftermarket, has announced that Curt Knapp, COO of Lubricants, will retire at the end of 2023, according to a press release dated October 5. Knapp has served in leadership roles at Highline Warren and its predecessor companies for more than 12 years and is a known leader in the lubricants industry across the US, the release added. Knapp began his career at Texaco Chemical Additives in 1980. Since th...
    Australia’s CoolDrive adds myCOOLMAN products to its range
    Australia-based automotive parts distributor CoolDrive Auto Parts announced that it has introduced myCOOLMAN products to its range, providing its customers with more options when it comes to portable fridges and freezers, according to a press release dated October 4. MyCOOLMAN is an Australian supplier of fridges and freezers, coolers, iceboxes, insulated covers, drinkware and cooler bags, and its products are aimed at off-road adventures, camping trips, outdoor events and long-distance ...
    SMP’s German facility receives quality standard award
    Standard Motor Products (SMP) announced that its Stabil facility in Germany has received the 2022 Paccar 10 PPM award by Paccar, a global manufacturer of light, medium and heavy-duty trucks, which recognizes suppliers who achieve its 10 PPM quality standard, according to a press release dated October 4. This means that for every 1 million parts and components delivered to Paccar, less than 10 were defective. In addition, suppliers must meet warranty support and continuous improvement criter...
    Global remanufacturing industry expected to grow at a CAGR of 4% by 2027 – analysis
    Rematec, an Amsterdam-based trade brand dedicated to automotive remanufacturing worldwide, has announced that according to an analysis, the global remanufactured automotive parts market is expected to increase by $11 billion by 2027, at a compound annual growth rate (CAGR) of 3.93%, according to a press release dated September 20. The trade brand quoted a report that observed that the average age of cars, particularly in North America and Europe, is a major driver of remanufactured parts indu...
    US-based G Force Performance Products expands range for the Do-It-Yourselfer
    G Force Performance Products, a US-based provider of aftermarket automotive components that specializes in components for engine conversions and performance upgrades, has announced the expansion of its tools and accessories range of products, according to a press release dated August 29. The company recently introduced additions, including 12-inch and 6-inch press brake attachments and a series of precision vises, all tailored to facilitate custom installations for Do-It-Yourselfers (DIYers), we...
    US-based Mighty Auto Parts makes two director-level appointments
    Mighty Auto Parts, a US-based provider of automotive aftermarket solutions, has announced the addition of two experienced professionals, Lamar Russo and Tina Thomas, to its leadership team at director-level positions, according to a press release dated September 26. Russo was appointed as the new director of Franchise Development and Thomas has been appointed as Mighty's new director of Training. With over 30 years of experience, Russo brings a wealth of knowledge and a deep understanding of ...
    IAAF urges UK govt to consult with aftermarket on Net Zero plans
    The UK aftermarket industry body, the Independent Automotive Aftermarket Federation (IAAF), has urged the government to consult the automotive aftermarket on its Net Zero plans, after the banning of new petrol and diesel-powered vehicle sales was delayed to 2035, according to a press release dated September 21. Prime Minister Rishi Sunak recently announced that the ban on the sale of new petrol and diesel cars in the UK was being pushed back from 2030 to 2035, while saying he still expected t...
    Mobivia-owned distributor Carter-Cash acquires online retailer Yakarouler
    Mobivia, Europe’s largest independent provider of automotive maintenance and repair services, announced that Carter-Cash, brand of the Mobivia group, specializing in distribution of tires, auto parts and fast maintenance services at low prices, has merged with online retailer Yakarouler following the acquisition of Yakarouler’s assets in June 2021, according to a press release dated September 21. With the move, the Yakarouler brand will disappear, and Carter-Cash will absorb Yakarouler’...
    US parts retailer AutoZone says Q4 2023 sales at $5.7 billion, up 6.4% YOY
    US-based retailer of aftermarket automotive parts and accessories AutoZone has reported net sales of $5.7 billion for its fourth quarter ended Aug. 26, 2023, an increase of 6.4% from the fourth quarter of fiscal 2022, according to a press release dated September 19. Net income for the quarter increased 6.8% over the same period last year to $864.8 million, while diluted earnings per share increased 14.7% to $46.46 from $40.51 in the year-ago quarter. For the fiscal year ended Aug. 26, 2023, s...
    South Korea’s SK Networks-owned Speedmate partners for vehicle detailing service
    SK Networks, a subsidiary of South Korean petroleum conglomerate SK Group, engaged in the businesses of energy and information technology distribution as well as car rental, announced that Speedmate, its all-inclusive car care brand, has launched car detailing services with the German premium brand Sonax Car-care, according to a press release dated September 5. Speedmate announced that it had opened a "car servicing/detailing multi-shop" at the Ikea Goyang store with Alles, the loca...
    Tesla installs first EV supercharger in the UK
    RAC, a UK-based breakdown-service provider for both private and business drivers, announced that Tesla has installed the public electric vehicle charger in the UK, which is designed to be used by cars from any manufacturer, according to a press release dated August 25. The company’s V4 Supercharger has charging speeds of up to 250 kW and Tesla’s Combined Charging System (CCS) compatible units are built with a contactless card payment facility. EV owners will be able to use the 3-meter&nbs...
    US automotive parts retailer AutoZone appoints new COO
    US-based retailer of aftermarket automotive parts and accessories AutoZone has announced that Tom Newbern, currently executive vice president of Operations, Sales and Technology, has been promoted to COO, according to a press release dated September 18. Additionally, Jamere Jackson, current CFO and executive vice president of Finance and Store Development, has been promoted as CFO where he will continue to lead the Finance and Store Development teams, according to the release, which added tha...
    UK PM pushes petrol and diesel car ban to 2035 from 2030
    UK Prime Minister Rishi Sunak has delayed a ban on new petrol and diesel cars as part of exemptions and delays to several of the country’s green policies in a major change to the government's approach to achieving net zero by 2050, according to an official press release dated September 20. The government has moved back the ban on the sale of new petrol and diesel cars by five years, so all sales of new cars from 2035 will be zero emission, according to the statement, which added that the mo...
    Meko’s Sweden workshop adheres to EU's new safety repair rules
    Meko (previously Mekonomen Group), an automotive spare-parts distributor based in Sweden, announced that it has the first workshop SERMI-approved by the European Commission's appointed control body Digidentity, making it the first company in Sweden to live up to the EU's new safety rules for car workshops, according to a press release dated September 20. The workshop is named Mekonomen Brännlunds Motor in Gävle, Sweden. Independent workshops and mechanics who want to be able to work wi...
    South Korea’s SK Networks acquires SK Rent-a-car as a wholly owned subsidiary
    SK Networks, a subsidiary of South Korean petroleum conglomerate SK Group, engaged in the businesses of energy and information technology distribution as well as car rental, announced that it is bringing in SK Rent-a-car as a wholly owned subsidiary by owning 100% equity in the latter, according to a press release dated August 18. SK Networks currently holds 72.9% equity in SK Rent-a-car. SK Rent-a-car, launched as a consolidated legal entity between SK Networks’ Car Rental Business divisio...
    Alliance Automotive Group UK acquires Tayna
    Alliance Automotive Group UK (AAG) has announced the acquisition of Tayna Ltd., a Welsh e-commerce platform focused on vehicle batteries, according to a press release dated September 1. The company said that with this acquisition, it aims to expand its battery distribution capabilities in the region. The acquisition would also allow it to develop its digital skill set in the long term.  Tayna, a digital e-commerce company based out of Wales, UK, and established in 2003, specializes in pr...
    Anand Group of India and South Korea’s HL Group form JV to increase aftermarket portfolio in India and globally
    Indian automotive components manufacturer Anand Group has announced the formation of a joint venture with South Korea’s HL Group, with the aim of doubling the former’s aftermarket business in the domestic market while at the same time also expanding the latter’s presence in the country, according to a press release dated September 13. The JV company, HL Anand Automotive Parts Pvt. Ltd., is expected to establish two dedicated distribution centers in the next two years and add about 1,200...
    Lumileds launches Philips Ultinon Access automotive headlight bulbs
    Lumileds, a global supplier of original equipment manufacturer and aftermarket automotive lighting and accessories, announced the launch of the new Philips Ultinon Access range of automotive headlight bulbs that enables the shift from halogen to LED, according to a press release dated September 4. The company said it has made installation of the bulbs simple as there is no need for compatibility checks or adapter rings. The Philips Ultinon Access LED bulbs have a compact body and their direct...
    MEMA Aftermarket Suppliers renews call for federal solution on Right to Repair
    The Motor & Equipment Manufacturers Association (MEMA) Aftermarket Suppliers, an association in North America representing motor-vehicle component manufacturers, has announced that it recognizes the step forward made by the Massachusetts Office of the Attorney General and the National Highway Traffic Safety Administration (NHTSA) in identifying the need to address protocols for the open access implementation of the Massachusetts Data Access Law, according to a press release dated August 23. ...
    Automotive retailer Lithia & Driveway acquires UK’s Arden Motors
    Lithia & Driveway, an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, announced the acquisition of the Arden businesses representing BMW, MINI and Motorrad in Maidstone and Tunbridge Wells, according to a press release dated September 1. Commenting on the acquisition, Neil Williamson, Regional President, United Kingdom, said, “Following LAD’s entrance into the UK with the Jardine Motors Group earlier this year, we ...
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