LOS ANGELES — Motorcar Parts of America said it expects net sales for its 2010 fiscal fourth quarter ended March 31 to climb approximately 25 to 30 percent, based on very strong sales in March.
The company reported fiscal 2009 fourth quarter sales of $29.9 million in June 2009.
"Based on preliminary results, we expect to report record sales for our fiscal fourth quarter despite a slow start due to severe weather conditions throughout much of the country," said Selwyn Joffe, chairman, president and CEO.
Joffe noted that sales in the aftermarket sector are very strong as evidenced by the results of the company’s major customers. Joffe reiterated that these sales increases were generated from the company’s core customer base. "This sales momentum is very encouraging — particularly as we ramp up business from new customers, which should support strong future growth," Joffe said.