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Glenn Barco Joins AP Emissions Technologies As VP Of Sales
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By AutoZone
MEMPHIS, Tenn. , May 23, 2023 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $4.1 billion for its third quarter (12 weeks) ended May 6, 2023 , an increase of 5.8% from the third quarter of fiscal 2022 (12 weeks). Domestic same store sales, or sales for stores open at
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By Counterman
Genuine Parts Co. (GPC) reported record first-quarter sales of $5.8 billion, up nearly 9% over first-quarter 2022.
Net income was $304 million, up from $246 million in first-quarter 2022.
“We are pleased with the continued strength and momentum in our business and excited to report results that exceeded our expectations for the quarter,” said Paul Donahue, chairman and CEO. “Our performance was a clear example of how our multi-year strategic transformation to a global automotive and industrial company is a competitive advantage that distinguishes GPC in the marketplace. We benefited from our business mix and the geographic diversity of our operations with continued strong performances in our international automotive businesses and in the industrial segment. We are extremely proud of the outstanding work by all our GPC teammates.”
Global sales for the Automotive Parts Group, which includes NAPA Auto Parts, were $3.5 billion, up 7% over first-quarter 2022. A 6.6% year-over-year increase in comparable sales and a 3.5% benefit from acquisitions contributed to the number.
Industrial sales were $2.3 billion, up nearly 12% from the same period in 2022, and reflecting a 12.1% increase in comparable sales.
“Global Automotive sales were driven by the strong performance of our businesses outside the U.S., which helped to partially offset a slow start to the year in our U.S. automotive business,” said Will Stengel, president and chief operating officer. “In the Industrial segment, however, our broad-based strength in sales drove our eighth consecutive quarter of double-digit sales comps. The Industrial team is also operating well, posting the 11th consecutive quarter of margin expansion. Our first-quarter performance is a clear reflection of our balanced portfolio and One GPC approach to executing our strategic initiatives and taking care of our customers.”
“We are pleased with the solid start to 2023 and continue to expect another strong year of profitable growth,” Donahue said. “Our updated outlook for the full year reflects the confidence in our strategic plans and ability to execute through continued economic uncertainty. We believe GPC is well- positioned with the financial strength and flexibility to support our growth plans and provide for disciplined capital allocation and enhanced shareholder value.”
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By Counterman
Delphi Technologies, a BorgWarner brand, announced that it released 87 parts across its product lines, the first of several parts announcements to come in 2023.
“We’re pleased to further expand our parts coverage for vehicles in any stage of their lifecycle,” said Jenna Boone, general manager of Delphi Technologies North America. “We have multiple product announcements planned throughout 2023 and beyond, so we’re excited to demonstrate the growth in our portfolio while remaining dedicated to our quality and reliability.”
Of the five new products to its fuel-delivery line, three are first-to-market fuel-pump module assemblies (FG2262, FG2669 and FG2667), according to the company. The new products cover approximately 2.43 million vehicles in operation (VIO) in the United States and Canada, covering both domestic and import brands such as the Chrysler Pacifica and Voyager, Nissan Rogue and Acura TLX.
Sparta has added 22 parts to its portfolio. The specialty line by Delphi Technologies for high-mileage and early-model vehicles now covers an additional 11.36 million VIO for the United States and Canada. The added products include fuel-tank sending units, fuel-pump module assemblies and fuel-pump strainers for brands such as Ford, Chevrolet, Dodge, Chrysler, Nissan, Jeep and Hummer.
“Our goal with Sparta is to fulfill a request we’ve been receiving for years: a fuel line specifically dedicated to earlier makes and higher mileages with the Delphi Technologies quality technicians have come to know,” said Malcolm Sissmore, vice president, sales and marketing of Delphi Technologies. “We have a lot of great things in store for this year, Sparta included.”
Delphi Technologies continues to launch steering and suspension parts across all makes and model years, adding 21 new parts to cover 17 million VIO in Canada and the United States. More than 10 types of parts were announced, some of which include tie-rod ends, ball joints, control arms, stabilizer-bar link kits and more.
Regarding the company’s engine-management portfolio, the product line announced a total of 39 new parts. Sixteen of the new parts are manifold absolute-pressure sensors, bolstering an additional 20 million VIO for the United States across brands such as Ford, Honda, Mazda, Nissan, Volkswagen, Dodge and BMW.
A sizeable addition for the engine-management line are 10 new ABS wheel-speed sensors for a total of 10 million VIO in the United States for brands such as Lexus, Ford, Chrysler and Toyota. Other parts announced include ignition coils, engine crankshaft/camshaft position sensors, an air-charge temperature sensor and a mass airflow sensor.
For more information about recently release Delphi Technologies parts, visit the “New” tab on
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By Counterman
The Tire Industry Association has joined other association leaders to support the critical global Right to Repair movement by signing the new Right to Repair position statement.
The statement enumerates the core beliefs of the movement and the objectives and intended outcomes of right to repair legislation. The document also sets forth 10 best-practice principles to developing a framework for Right to Repair legislation that any supporting country can use and adapt them to their needs.
Globally, the automotive aftermarket keeps 1.5 billion vehicles on the road while contributing $1.8 trillion to the global economy. After vehicles exit their warranty period, independent repair shops perform 70% of repairs. This vibrant industry and the consumer choice that it creates is being threatened by automotive manufacturers that block access to wirelessly transmitted vehicle repair and maintenance data, according to TIA.
Without the convenience and choice of independent parts and repair, especially in suburban and rural communities, consumers will have limited access to affordable vehicle service and repair. These restrictions can have catastrophic effects on local economies and the well-being and safety of millions that rely on vehicle transportation daily, TIA says.
In the United States, the automotive aftermarket is a $492 billion industry employing 4.5 million professionals, according to the Auto Care Association.
“Right to Repair is a top priority for TIA members and for the global automotive aftermarket,” said Richard “Dick” Gust, TIA CEO. “Without safeguards, independent automotive repairers and vehicle owners will have fewer repair options, face longer wait times and pay higher prices when they repair their vehicles. It is crucial for independent auto repair locations to have access to the equipment and data needed to repair today’s highly technological vehicles and that consumers have a choice in where they get their vehicles repaired.”
Both
link hidden, please login to view and link hidden, please login to view have successfully retained their drivers’ right to repair their vehicles. These countries are a model for similar legislation in the United States that levels the playing field and keeps the consumer at the heart of decision-making across the transportation ecosystem. Read the full position statement
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By Counterman
Lafayette Warehouse has joined forces with Auto-Wares Group of Companies.
Like Auto-Wares, Lafayette Warehouse, Inc. (LWI) is built on long-lasting relationships with customers, employees and suppliers that have grown their businesses.
Mike Brown will lead Lafayette Warehouse as general manager. Pat James and the current location managers will continue to lead the Lafayette Warehouse location teams going into the future.
The Lafayette Warehouse customers will be introduced to the Alliance exclusive brands and the Auto Value Parts Store and Certified Service Center programs. In addition to increased inventory and improved Indiana logistics, this acquisition will make full-line AC Delco and Mopar Original Equipment lines available to all Auto-Wares customers in the coming months.
Lafayette Warehouse has four large locations that will improve Auto-Wares logistics in Northwest and Central Indiana:
Lafayette Auto Supply Distribution Center, 1501 Kepner Dr., Lafayette Lafayette Auto Supply, 118 S. 4th Street, Lafayette Kokomo Auto Supply, 1299 Home Ave., Kokomo NWI Auto Supply, 755 E. 82nd Ave., Merrillville “First and foremost we want to thank our employees and customers for the success we have had over the past 96 years,” said Pat James, president of Lafayette Warehouse. “We could not have done it without all their support. Auto-Wares presented an opportunity for our legacy to continue by offering great opportunities for our current employees and customers. We also would like to thank Auto-Wares for choosing us to be their next partner.”
Auto-Wares CEO Todd Leimenstoll added: “All of us at Auto-Wares are excited to have Lafayette Warehouse team join the Auto-Wares Group of Companies. Lafayette Warehouse has a very successful history and tremendous reputation. I am thankful for the trust that Pat James and the James family have placed in us. We look forward to the next chapter in growing the company.”
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