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LKQ Corporation Announces New Leadership Appointments


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    • By Counterman
      Genuine Parts Co. (GPC) reported full-year 2023 sales of $23.1 billion, a 4.5% year-over-year increase.
      Net income was $1.3 billion, or $9.33 per diluted share, an increase of 12.3%.
      Full-year net sales in the Automotive Parts Group, which includes NAPA Auto Parts, were $14.25 billion, up from $13.67 billion in 2022.
      Fourth-quarter automotive sales were up nearly 1% to $3.5 billion.
      While GPC’s international automotive businesses posted positive sales growth in local currency, the U.S. automotive segment saw a dip in sales, GPC President and COO Will Stengel noted during the company’s Feb. 15 conference call.
      “In North America, while results fell short of our expectations, we remain focused on our strategic initiatives and continue to make solid progress,” GPC Chairman and CEO Paul Donahue said during the call. “We’ve undertaken a comprehensive review of the NAPA business to identify key issues, and we have taken action to improve the performance at NAPA. We are confident we are focused on the right initiatives to positively impact our performance in the quarters ahead.”
      Coinciding with the release of its full-year and fourth-quarter 2023 financial results, GPC said the company is launching a global restructuring “to better align the company’s assets and further improve the efficiency of the business.”
      The restructuring includes a voluntary retirement offer in the United States, along with “a rationalization and optimization of certain distribution centers, stores and other facilities,” according to the company.  
      Through the restructuring, GPC said it expects to realize approximately $20 million to $40 million of savings in 2024, and approximately $45 million to $90 million on an annualized basis. The company also expects to incur costs of approximately $100 million to $200 million related to the restructuring efforts in 2024 and will report the restructuring costs as a non-recurring expense.
      “The primary objective of the global program is to continue to simplify and streamline our operations consistent with our overall business strategy,” Stengel explained during the conference call. “When we simplify, we increase the speed of local service, deliver operational productivity, improve the efficiency of our teams and reduce our overall cost to serve.”
      Stengel noted that the restructuring initiative “is a similar playbook to our previous GPC program implemented in fall 2019 that delivered positive results.”
      “Aspects of the restructuring are already in flight, and some will take place in the months ahead,” Stengel added.
      Focus on NAPA
      Stengel talked at length about efforts to revitalize GPC’s NAPA Auto Parts business.
      GPC has identified three areas of improvement for NAPA: improving fill rates in key product categories, “operational rigor in our stores” and capitalizing on commercial growth opportunities, Stengel explained.
      Adjustments to “certain key suppliers to improve fill rates” boosted fourth-quarter “category trends,” Stengel said, adding that “we’re encouraged by the positive momentum.”
      “Second, our in-store service levels measured by on-time delivery to customers have significantly improved as a result of increased focused on last-mile operating disciplines,” Stengel said.
      Stengel noted that efforts to improve commercial sales growth are “ongoing.” GPC recently appointed Tom Skov to the newly created role of executive vice president, sales & store operations, North America.
      “He’s an automotive-parts expert and has a deep understanding of our customers field sales and store operations,” Stengel asserted. “We’re excited for the strong leadership Tom will bring to our sales and store operations field teams.”
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    • By Counterman
      O’Reilly Auto Parts honored DMA with two awards at its 2024 Leadership Conference.
      DMA took home the Content and Omnichannel Award and the Marketing and Advertising Award, marking the fourth consecutive year that DMA has been recognized at the event.
      More than 10,000 vendors were in attendance and 22 awards were up for grabs at the 2024 O’Reilly Auto Parts Leadership Conference in Dallas.
      The Content and Omnichannel Award “recognizes DMA’s outstanding efforts in providing robust and accurate product information across multiple channels. For the second consecutive year, DMA has demonstrated its commitment to excellence by delivering timely updates to product information, informative digital content and technical tips,” DMA said. 
      The Marketing and Advertising Award celebrates DMA’s successful retail and professional promotions, which have driven significant participation and year-over-year point-of-sale growth, according to the company. Through engaging videos, compelling flyers and promotional content, DMA has effectively leveraged marketing strategies to boost sales and enhance brand visibility, the company noted.
      “We are incredibly honored to receive these two awards at the O’Reilly Auto Parts Leadership Conference,” said Fred Snow, COO at DMA. “These achievements are a testament to the hard work, dedication and innovation of every single individual at DMA. It is truly a team effort, and we are immensely proud of what we have accomplished together.”
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    • By Counterman
      FCS Automotive announced the release of 18 new part numbers.
      The release includes four shock absorbers covering nearly 3.6 million vehicles in operation, and 14 suspension struts covering 5.4 million vehicles in operation.
      All of the units are in stock and ready to ship, FCS noted.
      The new numbers cover some of the most popular applications on the road today, including the Audi A3, Chevrolet Tahoe, Ford Bronco, Jeep Compass, Mazda 3, Mercedes Benz E350, Nissan Sentra and more, according to the company.
      “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.
      As a global supplier in more than 40 countries, FCS products are produced to meet strict OE quality processes backed by extensive in-house testing and IATF 16949 and ISO 14001 certifications, according to the company.  
      For more information, call 866-708-4554 or visit
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    • By Counterman
      Standard Motor Products (SMP) announced the introduction of 208 new part numbers in its January new-number announcement.
      This most recent release provides new coverage in 72 distinct product categories and 115 part numbers for 2022, 2023 and 2024 model-year vehicles.
      Standard’s emission-control program sees expansion with the introduction of vapor canister purge pumps for popular General Motors SUVs such as the 2023-2021 Chevrolet Trailblazer, and multiple EGR tubes covering 6.2 million vehicles.
      The Standard gas fuel-injection program also has grown with the release of new fuel injectors for GDI and MFI applications, as well as fuel-pressure regulators, fuel-pressure sensors, fuel-pump camshaft followers, high-pressure fuel pumps and more.
      Pentastar 3.6-liter engine oil filter housings may all look similar, but they feature distinct differences from year to year. Standard now offers coverage for the latest generation with coverage through 2024. Standard’s oil filter housing kits come completely assembled from the factory and include multiple design improvements over the original to address OE weak points.
      For powertrain-neutral categories, Standard has added 13 new ABS sensors, several parking brake actuators and Brake Pad Wear Sensors for vehicles like the 2023-21 Cadillac CT4 and heavy-duty General Motors trucks through the 2024 model-year.
      All-new QWIK-SENSOR TPMS multipacks of 25 are now available with rubber or metal valve stems. The kits include 25 individually packaged and protected QWIK-SENSOR multi-frequency TPMS sensors.
      Standard’s ADAS program continues to grow with the addition of 17 new park-assist cameras and 16 new park-assist sensors.
      Standard’s hybrid- and electric-vehicle program continues to expand with this release.
      Park-assist sensors are new for the 2023-2022 Mazda MX-30 EV, and ABS sensors are now available for the 2022-2019 Kia Niro EV, 2022-2019 Toyota Prius Prime and 2023-2019 Hyundai Nexo.
      Park-assist cameras are now available for the all-electric 2022 Ford E-Transit. Additionally, oil-pressure light switches are new for the hybrid 2023-2019 Lexus UX250h.
       “We’re starting the year strong, with 208 new numbers added to our best-in-industry product lines,” said Jack Ramsey, senior vice president of sales and marketing, SMP. “Standard and Four Seasons are committed to carrying this momentum throughout the new year, expanding our coverage for gas, diesel, hybrid and electric import and domestic vehicles.”
      All new applications are listed in the catalogs found at
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    • A-premium Auto Parts:5% OFF with Code GM5.
    • By Counterman
      KYB recently unveiled the KYB Parts Catalog app.
      While most mobile catalog apps only ask for the year, make and model when searching for part numbers, KYB said its app dives much deeper, requesting information such as engine size, trim package and drivetrain type when applicable.
      The additional levels of detail provide “an accurate and much narrower list of recommended shock-and-strut applications and part numbers,” according to the company.
      With the app, service writers and technicians can quickly search for the part they need without accessing a computer. The app also provides recommended part numbers for performance-upgrade shocks and struts, strut mounts, boots and bumpers if available.
      The app can recommend the closest retailer or wholesaler from which to order the part, KYB noted.  
      “The new KYB Parts Catalog app quickly provides repair shops with the right part number, helping to reduce repair time and opening repair bays quicker,” the company said in a news release.
      Those who were using the KYB Shocks app will be automatically updated to this latest version, KYB said. New users can download the KYB Parts Catalog on The App Store and Google Play.
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