Motorcar Parts of America Q1 2024 sales at $169.9 million, up 6.4% YOY

Despite a 6.4% sales increase and gross profit rise, the company faced an $18.1 million net loss due to foreign exchange losses and rising expenses

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.