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MEMA, Gemini Shippers Association Sign Strategic Partnership
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By Counterman
As the 2025 NASCAR Advance Auto Parts Weekly Series heats up, Advance Auto Parts and NASCAR announced a new collaboration. The Advance NASCAR partnership will support local short track racing through “Advance Auto Parts Night at the Races” in 17 markets.
The program aims to boost support for local tracks, drivers and their communities throughout the season. During select race weeks, fans from Colorado National Speedway to Seekonk Speedway will experience special events. These will happen both at the tracks and at Advance Auto Parts retail stores nearby.
Advance NASCAR Partnership Fuels Local Track Engagement
“
link hidden, please login to view has been a tremendous partner in raising the profile of short track racing across the country for the past several years, and this is an exciting next step in working together to grow motorsports on the local level,” said Joseph Dennewitz, managing director of NASCAR Regional. “This is a great opportunity for NASCAR and Advance Auto Parts to show appreciation to our race fans who cheer on their favorite drivers at local short tracks each week, as well as support some of the best venues and racing in NASCAR.” Dominion Raceway in Woodford, Virginia and South Boston Speedway will launch the new program in April. Grandview Speedway in Pennsylvania will close the season in September.
Advance Stores Host Fans and Drivers
Each “Advance Auto Parts Night at the Races” will include activities at a local Advance Auto Parts store. Stores will host driver autograph signings, giveaways, and other fan-friendly experiences.
“As NASCAR’s Official Auto Parts Retailer, we’re thrilled to further enhance fans’ experience and ignite their excitement both at our stores and at local tracks where people are passionate about racing,” said Jason Hand, senior vice president of U.S. Stores. “Advance Auto Parts is all about being your community store, so we’re excited to support local tracks, dedicated NASCAR fans, and our customers in their own backyard.”
Visit the
link hidden, please login to view to find fan events and race dates near you. Full Schedule of 2025 Advance Auto Parts Night at the Races:
April
19 – Dominion Raceway (Virginia)
26 – South Boston Speedway (Virginia)
May
10 – Bowman Gray Stadium (North Carolina)
17 – Seekonk Speedway (Massachusetts)
24 – Berlin Raceway (Michigan)
31 – Jennerstown Speedway Complex (Pennsylvania)
June
7 – Elko Speedway (Minnesota)
13 – Wake County Speedway (North Carolina)
13 – Limaland Motorsports Park (Ohio)
21 – Langley Speedway (Virginia)
July
26 – Riverhead Raceway (New York)
30 – Hawkeye Downs Speedway (Iowa)
August
9 – Salina Highbanks Speedway (Oklahoma)
9 – Colorado National Speedway (Colorado)
15 – Lee USA Speedway (New Hampshire)
30 – New Smyrna Speedway (Florida)
September
6 – Grandview Speedway (Pennsylvania)
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By Advance Auto Parts
Leading automotive aftermarket parts provider also investing to improve customer experience, increase parts availability and speed of service with same-day delivery
RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced today that it has completed the store closure phase of its transformation plan and is entering its next phase of returning to growth.
Optimization of the retail footprint was key to Advance’s broader transformation plan to reposition the company for long-term success. Now, more than 75% of the Company’s stores are in markets where the company has the No. 1 or No. 2 position based on store density, strengthening its presence in strategic communities.
With that phase complete, the Company now expects to open 30 new locations in the United States in 2025 and at least an additional 100 new locations through 2027, including larger “market hubs.”
Since the beginning of this year, Advance has opened six new stores in Florida, New Jersey, Tennessee and Virginia. Over the next several months, the company expects to open additional stores to serve customers across communities in Florida, Illinois, Maryland, Ohio, Virginia and Wisconsin.
Advance is also continuing the expansion of market hubs with new openings soon in the Midwest. These larger stores will increase availability of parts by placing approximately 75,000 to 85,000 SKUs closer to customers and other local Advance stores, as well as improve Advance’s speed of service with same-day delivery of parts. By comparison, typical Advance stores carry between 20,000 to 25,000 SKUs.
“Advance Auto Parts is on the path to accelerate store growth and focused on the fundamentals of selling auto parts,” said Shane O’Kelly, president and chief executive officer. “We are excited about what’s to come for Advance. Our team members are committed to providing the right parts and the right service for our PRO and DIY customers in their communities.”
In addition to new store openings, Advance is creating a better customer experience. The Company’s previously announced incremental capital expenditure plan includes additional investments in existing stores related to IT infrastructure, equipment, store repairs and improved inventory and delivery. Advance is also providing additional training to team members to enhance customer experience.
About Advance Auto Parts
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of December 28, 2024, Advance operated 4,788 stores primarily within the United States, with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands. The company also served 934 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at
link hidden, please login to view. Forward-Looking Statements
Certain statements herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identifiable by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast, “guidance,” “intend,” “likely,” “may,” “plan,” “position,” “possible,” “potential,” “probable,” “project,” “should,” “strategy,” “target,” “will,” or similar language. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements about the Company’s strategic initiatives, restructuring and asset optimization plans, store and location opening plans, operational plans and objectives, and statements regarding expectations for future business and financial performance, as well as statements regarding underlying assumptions related thereto. Forward-looking statements reflect the Company’s views based on historical results, current information and assumptions related to future developments. Except as may be required by law, the Company undertakes no obligation to update any forward-looking statements made herein. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements. They include, among others, the Company’s ability to hire, train and retain qualified employees, the timing and implementation of strategic initiatives, risks associated with the Company’s restructuring and asset optimization plans, deterioration of general macroeconomic conditions, geopolitical factors including increased tariffs and trade restrictions, the highly competitive nature of the industry, demand for the Company’s products and services, risks relating to the impairment of assets, including intangible assets such as goodwill, access to financing on favorable terms, complexities in the Company’s inventory and supply chain and challenges with transforming and growing its business. Please refer to “Item 1A. Risk Factors” of the company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), as updated by the company’s subsequent filings with the SEC, for a description of these and other risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements.
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By Counterman
link hidden, please login to view announced “The 3 Dragons: Aftermarket Outlook” session returns to the 2025 Vision Conference, April 2 in Chicago. “This annual favorite will set the stage for the conference, enabling attendees to understand where the industry currently stands with a 360-degree view of the economic, financial and industry factors shaping the aftermarket,” MEMA Aftermarket Suppliers said.
link hidden, please login to view for the event is now open. 3 Dragons, 3 Perspectives
Kristin Dziczek, Federal Reserve Bank of Chicago – The macroeconomic forces impacting consumers, manufacturers and the aftermarket Simeon Gutman, Morgan Stanley – Wall Street’s perspective on the health and future prospects of the aftermarket Todd Campau, S&P Global Mobility – The latest data on vehicle population and driving trends that will shape demand Why It Matters
The 3 Dragons session frames everything that follows at the Vision Conference, explained
link hidden, please login to view. Sessions like Talk from the Top, A Landmark Study from McKinsey and Associates, and the O’Reilly keynote—to name a few—will build on insights from our 3 dragons, helping you translate today’s realities into tomorrow’s strategies. The post
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By Counterman
link hidden, please login to view has been awarded the 2024 Supplier Partnership Award by NEXUS Automotive International at the Heavy Duty Aftermarket Week (HDAW) show in Grapevine, Texas. Established three years ago, this award recognizes suppliers that excel in program support, growth acceleration, professionalism, and partnership. Eligible suppliers must meet high standards in cooperation and innovation at both the NEXUS and local distributor levels.
“We’re pleased to present this award to
link hidden, please login to view,” said Joe Stephan, vice president of sales and business development for NEXUS North America. “Over the past year, PHINIA has strengthened its aftermarket commercial organization with talented, well-respected professionals and has demonstrated the high standards our members expect from global supplier partners. We look forward to building upon this valued partnership for years to come.” “This recognition is a testament to our team’s hard work and commitment to delivering exceptional experiences for our partners,” said Dave Illes, senior director of aftermarket sales, marketing, and training for PHINIA North America. “We sincerely thank NEXUS for this honor and look forward to further strengthening our partnership.”
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By Counterman
Bill Long, president & CEO,
link hidden, please login to view, The Vehicle Suppliers Association, issued this statement regarding the implementation of China tariffs to its membership. Dear MEMA Members,
On February 1, 2025, President Trump signed an
link hidden, please login to view which imposed new tariffs on the majority of items coming from China into the U.S. These new tariffs are being implemented under the International Emergency Economic Powers Act (IEEPA). The IEEPA tariffs, set at 10%, went into effect at 12:01 am ET on February 4, 2025. There is currently no date by which the tariffs will sunset. Further, the 10% tariffs articulated in this Executive Order will be imposed on top of any prior and existing “duties, fees, exactions, or charges applicable to such imported articles.” China subsequently announced retaliatory tariffs of between 10-15% on certain U.S. goods and further imposed export controls on five critical minerals.
Additional Details:
Goods in Transit: U.S. Customs and Border Protection (CBP) issued a
link hidden, please login to view on February 5, 2025 and link hidden, please login to view via the Cargo System Messaging Service which provide more information on the items covered by the new tariffs. Consistent with the language included in the Executive Order, CBP noted that items that are onboard a vessel before 12:01 am EST on February 1, 2025 are exempt from the newly imposed Chinese tariffs of 10% as long as they are entered for consumption (or withdrawn from warehouse for consumption) before 12:01 am EST on March 7, 2025.
However, products of China that are entered for consumption beginning February 4, 2025 would be subject to the new tariffs. Therefore, if there is a product of China that is placed on the vessel between February 1, 2025 and February 3, 2025, but it is not entered until February 4, 2025 or later, then it would still be subject to the tariffs.
CBP further issued guidance via its Cargo Systems Messaging Service on how companies can certify eligibility for this provision. Importers will need to use secondary HTS 9903.01.23 if they are eligible for this “on the water” exception. The use of HTS 9903.01.23 will only be available for those imports within those time-bound requirements.
Goods Covered by the Executive Order: The CBP notice covers the majority of goods coming from China into the U.S. There are very limited exceptions for donations (i.e., food, clothing, medicine used to relieve human suffering) and informational materials (e.g., publications, films, posters). In addition, an importer can make use of the Chapter 98 duty saving or reduction provisions (e.g., U.S. goods returned, goods exported for repair/alteration and returned). See below.
Excluded from the IEEPA Tariffs:
9903.01.21: Articles the product of China and Hong Kong that are donations, by persons subject to the jurisdiction of the United States, of articles, such as food, clothing, and medicine, intended to be used to relieve human suffering.
9903.01.22: Articles the product of China and Hong Kong that are informational materials, including but not limited to, publications, films, posters, phonograph records, photographs, microfilms, microfiche, tapes, compact disks, CD ROMs, artworks, and news wire feeds.
CHAPTER 98: The additional duties imposed by heading 9903.01.20 shall not apply to goods for which entry is properly claimed under a provision of chapter 98 of the tariff schedule pursuant to applicable regulations of CBP, and whenever CBP agrees that entry under such a provision is appropriate, except for goods entered under heading 9802.00.80; and subheadings 9802.00.40, 9802.00.50, and 9802.00.60. For subheadings 9802.00.40, 9802.00.50, and 9802.00.60, the additional duties apply to the value of repairs, alterations, or processing performed (in China and Hong Kong), as described in the applicable subheading. For heading 9802.00.80, the additional duties apply to the value of the article assembled abroad (in China and Hong Kong), less the cost or value of such products of the United States, as described.
Drawback: The Executive Order states that drawback will not be available for items covered by the IEEPA tariffs.
De Minimis: The Executive Order revoked duty-free “de minimis” treatment for goods coming into the U.S. from China that are subject to the order. According to CBP: “De minimis provides admission of articles free of duty and of any tax imposed on or by reason of importation, but the aggregate fair retail value in the country of shipment of articles imported by one person on one day and exempted from the payment of duty shall not exceed $800.” For more information, see the CBP Guidance on De Minimis Shipments from China:
link hidden, please login to view NOTE: De Minimis Update on 2/7/2025: The White House issued an Executive Order which announced the suspension of the afore-mentioned revocation on de minimis treatment for goods coming from China. MEMA is still analyzing the new order but it indicates that the revocation would return once “adequate systems are in place to fully and expediently process and collect tariff revenue applicable.”
Source:
link hidden, please login to view CBP is expected to issue an updated guidance document to help inform the trade community of the details concerning this change. MEMA will share this information as soon as it becomes available.
Free Trade Zones (FTZ): Beginning February 4, goods subject to these IEEPA tariffs must be admitted in a zone as “privileged foreign status” (with limited exceptions for goods eligible for “domestic status”). When withdrawn from the zone and entered for consumption, the goods will be subject to the IEEPA tariffs (and other applicable duties) related to the classification under the applicable HTSUS subheading in effect at the time of admission.
Exclusions: At this time, there is no language in the Executive Order concerning an exclusion process.
Escalation: The Executive Order includes language stating that the U.S. may escalate these actions if China takes steps to retaliate against U.S. exports and goods.
MEMA will continue to update member companies on any new developments regarding the tariffs. As new details may evolve, we will promptly notify members of any changes as soon as more information becomes available.
If you wish to join the MEMA Trade Working Group, contact Bill Frymoyer.
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