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Auto Care Weighing Response to NHTSA Right to Repair Letter
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By partsman
Advance Auto Parts announced today, as part of their Q3 earnings release, that they are initiatiating the sale of their Worldpac and Canadian businesses (operates under Carquest).
Strategic Review Update
The company has initiated separate sale processes for the potential divestiture of Worldpac and the company’s Canada business. Worldpac, a leading automotive wholesale distributor of original equipment and aftermarket parts for all makes/all models, is highly recognized for its world class technology, catalog, product brand assortment and training. The company's Canadian business, which predominantly serves commercial customers, goes to market under the Carquest banner.
The company has engaged Centerview Partners to assist in the sale processes. The company has not set a timetable for the conclusion of the sale processes and does not intend to comment on or provide updates regarding these matters unless and until the processes are concluded or it determines that further disclosure is appropriate or required.
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By Counterman
Right to Repair has notched another victory.
On Nov. 7, Ballot Question 4 in Maine asked this question: “Do you want to require vehicle manufacturers to standardize on-board diagnostic systems and provide remote access to those systems and mechanical data to owners and independent repair facilities?”
At press time, more than 80% of Maine voters had answered “yes,” ensuring that vehicle owners and the independent repair shops of their choice can access the diagnostic tools and data necessary for routine repairs.
“The result of [Tuesday’s] election in Maine proved another victory for the American consumer and the Right-to-Repair movement that is gaining support across the United States,” said Bill Hanvey, president and CEO of the Auto Care Association. “The right to repair is one of a few unifying issues our nation faces, and whether we achieve repair access chamber by chamber or state by state, I am confident that every American will soon have the fundamental right to repair what belongs to them. Right to repair isn’t going away and this victory demonstrates that it’s an issue that needs to be resolved.”
The Maine vote comes after movement on the federal level to advance the Right to Equitable and Professional Auto Industry Repair (REPAIR) Act (H.R. 906). Last week, a House Energy and Commerce subcommittee unanimously voted to advance the bipartisan REPAIR Act to the full committee for consideration.
“Maine voters’ overwhelming show of support for Question 4 adds momentum to the growing national push for right-to-repair protections,” CAR Coalition Executive Director Justin Rzepka said. “The CAR Coalition will continue this important fight at the federal level with bipartisan bills like the SMART and REPAIR Acts to ensure every American – no matter where they live – has the right to repair the car they own.”
Meanwhile, John Bozzella, president and CEO of the Alliance for Automotive Innovation, said the results in Maine were “disappointing but hardly surprising.”
“Out-of-state, big-box auto retailers – that don’t speak for independent auto repairers – spent nearly $5 million trying to scare Mainers into thinking that the right to repair their vehicles was going away,” Bozzella said in a statement. “It will not go away. Automotive Right to Repair already exists. Mainers can get their vehicle repaired anywhere, anytime, anyplace. That was true yesterday, and it’s true today and tomorrow.”
Tommy Hickey, director of the Maine Automotive Right to Repair Coalition, told the Portland Press Herald that the next step is to meet with Maine’s attorney general and help guide the state on the best approach for implementing the law.
In the news article, Hickey called Maine and Massachusetts the “godfathers” of the Right-to-Repair movement.
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By Counterman
Fenix Parent LLC, operating as
link hidden, please login to view, a Hurst, Texas-based recycler and reseller of OEM automotive parts, announced it has completed its acquisition of the assets of Brothers Auto Parts in Indianapolis. Brothers is a full-service automotive recycler servicing the Indianapolis market. This is Fenix Parts’ sixth acquisition in the Midwest, bringing Fenix’s location count to 24 full-service and five self-service locations.
“We are pleased to announce the acquisition of Brothers and excited about the addition of its experienced and talented team to the Fenix family,” said Bill Stevens, CEO of Fenix Parts. “This acquisition expands our Midwest footprint westward and leverages our existing Midwest distribution network to increase regional production. With a location in the ‘Crossroads of America,’ Fenix gains distribution and logistics access to multiple Midwestern markets as we continue to grow our business.”
Stevens added: “I want to give a special welcome to the team at Brothers. Brothers has been in the auto-recycling business for over 35 years, and we are excited to have Jeremiah Johnson join Fenix to support our continued growth in the area as our general manager of Fenix Parts Indianapolis.”
Fenix Parts continues to pursue opportunities that align with its strategic-development plans. Current auto-recycling owners interested in learning more about Fenix’s acquisition process should contact the company at [email protected].
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