This “Data Did You Know” item comes from Babcox Media Audience Insights Manager Bruce Kratofil:
The Auto Care Association’s estimate of total aftermarket sales in 2020 is $380 billion dollars. That is down from 2019’s sales of $404 billion, reflecting the economic shutdown. However, they do forecast a recovery in 2021, with an estimate of sales for next year of $416 billion.
Net sales for the first quarter of 2024 were $331.4 million, compared to consolidated net sales of $328.0 million during the comparable quarter in 2023.
Standard Motor Products, Inc. reported its consolidated financial results for the three months ended March 31, 2024.
Net sales for the first quarter of 2024 were $331.4 million, compared to consolidated net sales of $328.0 million during the comparable quarter in 2023, the company said. Earnings from continuing operations for the first quarter of 2024 were $9.9 million or $0.44 per diluted share, compared to $12.7 million or $0.57 per diluted share in the first quarter of 2023. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the first quarter of 2024 were $10.0 million or $0.45 per diluted share, compared to $13.4 million or $0.61 per diluted share in the first quarter of 2023.
Genuine Parts Company said the acquisition advances its strategic initiative to own more stores in priority markets.
From April 26-28, eight winners and their guests enjoyed an all-expense-paid trip to Charlotte, NC, to witness the NHRA Four Wide Nationals, including access to Kalitta Motorsport’s hospitality tent.
Akebono said it expanded its severe-duty ultra-premium disc brake pad line by 14 new part numbers.
Lumileds has expanded the Philips Ultinon Drive 5000 series to include eight models.
Paul Donahue (at left) will transition from chairman and CEO to executive chairman. William Stengel, II, currently president and COO, will succeed Donahue as president and CEO of GPC and will serve as a member of the board of directors.
Twenty-two new import part numbers, as well as 39 new pulley and tensioner part numbers, are immediately available.
Brian Martin joins the company as business development manager for North America.
Matthew Steinmetz was named field marketing rep and Kaysie Keen was promoted to a newly created position of field marketing manager.
