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FCS Automotive recently announced the release of 82 new numbers, including 51 complete strut assemblies, 11 shock absorbers and 20 bare strut assemblies.
All of these units are in stock and ready to ship.
“FCS remains committed to be first-to-market with new numbers, while providing the most comprehensive market coverage in North America – well-beyond our nearest competitor,” FCS said in a news release. “Many of these numbers are not available from the competition.”
The new numbers account for more than 31 million vehicles on the road in the United States and Canada. Popular applications covered include the Acura RDX, BMW X5 Series, Chevrolet Equinox, Ford Explorer, Hyundai Tucson, Kia Sportage, Subaru Forester, Toyota Camry, Volvo XC90 and more.
As a global supplier in more than 40 countries, FCS products are always produced to meet strict OE quality processes backed by extensive in-house testing and IATF16949 and ISO14001 certifications, according to the company.
For more information about FCS products, call 866-708-4554 or visit www.fcsautoparts.com.
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Lucas Oil Products has introduced a new essential roadside-safety product just in time for the winter travel season.
The Lucas tire inflator is an easy-to-use, non-flammable tire inflator and sealer for use in all passenger vehicles to quickly seal punctures and re-inflate a damaged tire.
“As someone who has had their fair share of flat tires in the past, this is one of my favorite new products,” said Shane Burns, sales vice president, Lucas Oil Products. “Our new tire inflator is a necessity when it comes to quickly and easily addressing a common auto emergency and has the potential to be a true lifesaver. This serves as another great example of our commitment to developing a robust line up of problem-solving products for vehicle care and roadside safety.”
Seals and inflates flat tires for a temporary emergency repair Safe and easy to use No tools required Works fast Tire-sensor safe Non-flammable VOC-compliant in all 50 states The Lucas tire inflator, available at select retail stores, features an easy-to-use hose applicator that is perfect for emergency roadside fixes without using any tools, according to the company.
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Rotomaster, a Vancouver-based turbocharger brand of ADP Distributors, has unveiled its new logo and packaging with an expanded vision to provide comprehensive, industry-leading solutions to the automotive aftermarket.
The re-engineered brand reflects Rotomaster’s forward-thinking approach to turbocharger engineering and design, according to the company.
“Since 1978, Rotomaster has lived and breathed turbochargers, celebrating much growth and success over the years,” said Garret Wiebe, general manager of Rotomaster. “After joining forces with CARDONE Industries in 2017, we wanted to modernize the look and feel of our brand to reflect the same innovative drive that continues to inspire our organization.”
After a long history in the heavy-duty, marine and powersports markets as a Tier 1 and aftermarket supplier, Rotomaster is now also focused on the gas-powered, light-duty vehicle market, which is steadily growing as new vehicles utilize turbo technology to provide more horsepower while reducing fuel consumption.
By combining the engineering and testing capabilities of Rotomaster with the distribution footprint and scalability of CARDONE, Rotomaster is poised to make a significant impact on the turbocharger aftermarket, the company said. The redesign of the logo represents that synergy ‒ striking a balance between Rotomaster’s history and the bright future to come.
Beyond new packaging and the refreshed logo, Rotomaster also has redesigned its website to offer a more user-friendly experience for its customers.
“Rotomaster is a market-leading brand that offers the widest breadth of coverage and top-quality products for turbocharged vehicles of all types,” said Mike Carr, chief executive officer at CARDONE. “Now it has a revitalized logo and packaging that reflect that fact.”
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AutoZone reported net sales of $3.7 billion for its first quarter of fiscal-year 2022, a year-over-year increase of 16.3%.
Domestic same-store sales for the quarter, which ended Nov. 20, were up 13.6%.
AutoZone’s DIFM sales in the United States grew by a whopping 29.4% to $900 million – a first-quarter record for the company, according to CEO Bill Rhodes. Over the past four quarters, DIFM sales totaled $3.5 billion, a 27% increase compared to $2.8 billion over the four quarters before that.
During a Dec. 7 conference call with analysts, Rhodes attributed AutoZone’s DIFM strength to a number of factors, including the company’s addition of hub and megahub stores with expanded product assortments, technology investments, competitive pricing and improved delivery times.
“Many people want to understand what’s driving our tremendous sales growth in commercial,” Rhodes said during the call. “In short, it’s not one thing. It’s a whole host of key initiatives we’ve been working on for several years.”
DIFM revenue represented 25% of AutoZone’s total sales in the first quarter. Weekly domestic DIFM sales per store were up 25% to $14,400 – a company record – compared to $11,500 in the first quarter of fiscal-year 2021. According to CFO Jamere Jackson, AutoZone launched 32 new net commercial programs in its U.S. stores in the first quarter, bringing the total to 5,211 programs.
“The disciplined investments we’re making are helping us grow [market] share, and we’re making tremendous progress in growing our business in this highly fragmented portion of the market,” Jackson said during the call. “We now have a commercial program in approximately 86% of our domestic stores, and we’re focused on building our business with national, regional and local accounts.”
Jackson reiterated that AutoZone is “doubling down” on its megahub strategy. Megahub stores typically carry around 100,000 SKUs, and “drive tremendous sales lift inside the store box as well as serve as a fulfillment source for other stores,” Jackson said.
Currently, AutoZone has 62 megahub stores, and expects to open approximately 16 additional megahubs in fiscal-year 2022.
“The expansion of coverage and parts availability continues to deliver a meaningful sales lift to both our commercial and DIY businesses,” Jackson said. “And we’re testing greater density of megahubs to drive even stronger sales results. By leveraging sophisticated predictive analytics and machine learning, we’re expanding our market reach, driving closer proximity to our customers and improving our product availability and delivery times.”
During the conference call, Rhodes pointed out that the megahubs “continued to exceed our expectations.” While the company has publicly stated that its near-term goal is to establish 100 to 110 megahubs, senior executives believe “once we’re finished, we’ll be closer to 200 megahubs,” Rhodes added.
Still, Rhodes emphasized that megahubs are just one important element in AutoZone’s overall growth strategy.
“A lot of people think that this success that we’re seeing in commercial is either driven by the megahubs or driven by pricing. And frankly, that’s not what we believe,” Rhodes explained. “We talked about it about four years ago that we were developing a new strategic plan for our commercial business, and it has a whole host of elements. Megahubs is a critical part of it. But don’t forget, we also refreshed the assortments in every single AutoZone store in the United States and put those assortments commercial-leaning forward.
“The megahubs are helping us a tremendous amount, but so is the Duralast brand. So is our sales floor. So is the engagement of our store managers and district managers.”
DIY Sales Up 9%
On the DIY side of the business, domestic sales were up 9% compared to the first quarter of fiscal 2021.
“The business has been remarkably resilient as we have gained and maintained over three points of market share since the start of the pandemic,” Jackson asserted during the conference call.
Jackson attributed the increase in DIY sales to a number of factors, including competitive pricing, improved product assortments and expanded product availability via the company’s growing network of hub and megahub stores.
“These dynamics, along with favorable macro trends and miles driven, a growing car parc and a challenging new- and used-car sales market for our customers, have continued to fuel sales momentum in DIY,” Jackson said. “And the execution of our AutoZoners who are taking care of our customers gives us a key competitive advantage.”
Regarding the widespread supply chain challenges in the automotive aftermarket and many other industries, Jackson noted that AutoZone’s in-stock positions are “still below where we would like them to be.” However, he company’s supply chain and merchandising teams “have made great progress in a challenging supply chain environment.”
“We’ve been able to navigate supply and logistics constraints, and have product available to meet our customer’s needs,” he added. “DIY has been a strong contributor to the growth of our company, and while comps are difficult because of our strong past performance, the fundamentals of our business remain strong.”
Rhodes touched on another potential challenge for the automotive aftermarket: inflation. In the first quarter, AutoZone saw a 4% year-over-year sales boost from inflation, while the company’s cost of goods was up around 2%.
“We believe both numbers will be higher in the second quarter as cost increases in many key merchandise categories continue to work their way through the system,” Rhodes added. “We could see mid-single-digit inflation in retails as rising raw-material pricing, labor and transportation costs are all impacting us and our suppliers. We have no way to say how long this will last, but our industry has been disciplined about pricing for decades and we expect that to continue.”
The post AutoZone: DIFM Strength Drives 16% Sales Jump In Fiscal Q1 appeared first on Counterman Magazine.
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PRT recently introduced 95 new complete strut assemblies for the North American aftermarket.
The new SKUs cover more than 12 million cars, trucks and SUVs in operation. The launches include popular models such as the Subaru Crosstrek, Ford Explorer and BMW 5 series, in addition to new applications such as the 2019 Jeep Cherokee, 2018 Hyundai Santa Fe and 2019 Ford Ranger.
PRT is a brand of the ADD USA group, one of the largest manufacturers of shocks, struts and complete strut assemblies in the world.
PRT products are produced under the strictest OE quality processes required by the major automakers, according to the company.
“As an OEM supplier, our company is continually investing in research and development, bringing innovative and high-quality solutions from OE to our clients in the aftermarket,” said Bruno Bello, director of category and marketing at PRT. “These new items are in stock and ready to ship to all North America.”
For more information about PRT, call 770-238-1611 or visit www.prtautoparts.com. Follow PRT on social media @prtautoparts.
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