Top 5 Stories Of The Week

Top 5 Stories Of The Week

A recap of the top five stories on aftermarketNews during the week of Aug. 23.

Discount Tire, Motorq Offer Connected Fleet Insights Platform

Secure, cloud-based service gives small, medium fleet owners/managers access to enterprise-grade fleet intelligence.

Read more here.

Wheel Pros To Acquire Driven Lighting Group

Strategic acquisition provides entry into attractive aftermarket lighting category supported by strong digital presence.

Read more here.

Champion Oil Introduces Two New Car Care Products

An interior detailer spray and fabric cleaning foam join the car care lineup.

Read more here.

June Autologue Giveaway Winner Announced

Britney Cranford, of Bulldog Tire & Service in Garrison, Texas, is the June winner of $1,000.

Read more here.

Covercraft Sells To Audax Private Equity

The two will focus on increasing in scale, while retaining the values Covercraft was founded on.

Read more here.

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SMP Announces Q1 2024 Results

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.

SMP Logo

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.

GPC Acquires Largest NAPA Independent Store Owner in the US

Genuine Parts Company said the acquisition advances its strategic initiative to own more stores in priority markets.

GPC Acquires Largest NAPA Independent Store Owner in the US
APA Celebrates ‘Nitro Weekend Giveaway’ Promotion

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.

APA Celebrates Nitro Weekend Giveaway Promotion
Akebono Expands Severe Duty Disc Brake Pad Kits

Akebono said it expanded its severe-duty ultra-premium disc brake pad line by 14 new part numbers.

Akebono Releases New Severe Duty Ultra-Premium Disk Brake Pad Kits
Philips Ultinon Drive 5000 LED Lightbar Line Expands

Lumileds has expanded the Philips Ultinon Drive 5000 series to include eight models.

Philips Ultinon Drive 5000 LED Lightbar Line Expands to Include Eight Lightbars

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Genuine Parts Company Announces CEO Leadership Transition

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.

GPC Leadership Transition Paul Donahue Will Stengel
Continental Releases 67 New Part Numbers

Twenty-two new import part numbers, as well as 39 new pulley and tensioner part numbers, are immediately available.

Conti-HQ
Martin Joins AkzoNobel Automotive & Specialty Coatings

Brian Martin joins the company as business development manager for North America.

Brian Martin joins AkzoNobel Automotive & Specialty Coatings North America
Lubrication Specialties Announces Marketing Hire and Promotion

Matthew Steinmetz was named field marketing rep and Kaysie Keen was promoted to a newly created position of field marketing manager.

LSI Promotions