Industry News
The automotive aftermarket or motor vehicle aftermarket is a critical segment of the U.S. economy. Distribution channels include original equipment, original equipment service, traditional automotive, programmed distribution, large retailers, and the non-traditional markets. This industry includes all products and services purchased for light and heavy duty vehicles after the original sale. This includes replacement parts for under hood and undercar, engine management, temperature controls, accessories, lubricants and appearance products. This also covers service repairs and the tools and equipment necessary to make the repair.
The Automotive Aftermarket total revenue exceeds 307.7 billion dollars in sales. Additionally, this industry employs over 4.1 million people, more than 800,000 of which are technicians.
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Gates Announces Promotion Of Mark Osterman
May 2019In this new role, he will lead the Gates-branded field sales organization driving organic growth, market share and new product sales into the wholesale distribution channel.
The post Gates Announces Promotion Of Mark Osterman appeared first on aftermarketNews.
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Parts Authority Acquires Penny Pincher Auto Parts
May 2019Penny Pincher has built its reputation on providing the highest level of service combined with the most reliable inventory in Phoenix for more than 40 years.
The post Parts Authority Acquires Penny Pincher Auto Parts appeared first on aftermarketNews.
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NHTSA To Extend Record Retention Requirements For Vehicle And Tire Manufacturers
May 2019The National Highway Traffic Safety Administration (NHTSA) is proposing to require manufacturers of motor vehicles, tires and child-restraint systems to retain records for 10 years rather than five.
The post NHTSA To Extend Record Retention Requirements For Vehicle And Tire Manufacturers appeared first on aftermarketNews.
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Editor’s Note: AMN On Holiday
May 2019We will not be distributing our e-newsletter on Monday, May 27, in observance of Memorial Day. Our normal delivery schedule will resume on Tuesday, May 28. The staff of aftermarketNews wishes you and your loved ones a safe and enjoyable Memorial Day holiday.
The post Editor’s Note: AMN On Holiday appeared first on aftermarketNews.
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Gentex Recognized By General Motors As A 2018 Supplier Of The Year Winner
May 2019The company is a longtime supplier to General Motors. This is the 20th time Gentex has received the award.
The post Gentex Recognized By General Motors As A 2018 Supplier Of The Year Winner appeared first on aftermarketNews.
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DENSO Delivers Update On Company Direction, Shares Sales Projections
May 2019DENSO today announced updates to its new business strategy and progress toward achieving its 2030 goal: to create and inspire new value for the future of advanced mobility.
The post DENSO Delivers Update On Company Direction, Shares Sales Projections appeared first on aftermarketNews.
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Maaco Encourages Veteran Entrepreneurs To Become Franchise Owners
May 2019A new franchisee who qualifies as a veteran will receive a substantial reduction on the initial franchise fee, as well as a reduction on the royalty fees during the first two years of a new Maaco center’s operations.
The post Maaco Encourages Veteran Entrepreneurs To Become Franchise Owners appeared first on aftermarketNews.
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PPG Launches ‘Paints With Purpose’
May 2019This global marketing campaign features unique paints that help reduce pollution, help self-driving cars see and even protect a puppy’s paws from a sizzling sidewalk.
The post PPG Launches ‘Paints With Purpose’ appeared first on aftermarketNews.
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AutoZone Has ‘Significant Exposure’ To Products Sourced From China, CEO Says
May 2019AutoZone just reported strong sales numbers for its fiscal third quarter. But with the cloud of a trade war hanging over the U.S. economy, AutoZone CEO Bill Rhodes made a point to talk about tariffs during the company’s May 21 conference call.
The post AutoZone Has ‘Significant Exposure’ To Products Sourced From China, CEO Says appeared first on aftermarketNews.
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Hankook Tire Receives Two Honda Supplier Of The Year Awards
May 2019A trusted and reliable partner since 2013, Hankook has now been the recipient of awards in the supplier value category four times as well as two in the newly merged delivery and quality category from the manufacturer.
The post Hankook Tire Receives Two Honda Supplier Of The Year Awards appeared first on aftermarketNews.
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