Kentwood, MI – The Certified Automotive Parts Association (CAPA), an independent non-profit standard-setting and certification organization for automotive crash parts, announces the first CAPA Certified ultrasonic sensors are now available, manufactured by CAPA participant Hushan Autoparts Inc., a Taiwan-based manufacturer specializing in handles, cameras, and door spare parts. These ultrasonic sensors, certified to the CAPA 703 standard, Read more…
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TORRANCE, CA — CarParts.com, Inc. (NASDAQ: PRTS), one of the leading eCommerce providers of automotive parts and accessories, and a one-stop shop for vehicle repair and maintenance needs, is reporting results for the second quarter ended July 1, 2023. Second Quarter 2023 Summary vs. Year-Ago Quarter Net sales increased to $177.0 million, up slightly year-over-year and up 12% on a Read more…
Source: Keith Goble, Land Line Voters in Maine will decide this fall whether to implement a “Right to Repair” law. Currently in the state, vehicle manufacturers are not required to provide diagnostic and repair information to vehicle owners and independent repair businesses. Necessary information for maintenance and repairs is limited to authorized dealerships. A Right to Repair Read more…
July 27, 2023 Revenue of $3.4 billion; parts and services organic revenue increased 4.8% (5.4% on a per day basis) Diluted EPS of $1.05; adjusted diluted EPS of $1.09 Second quarter operating cash flow of $480 million; free cash flow of $414 million Dividend of $0.275 per share approved to be paid in the third quarter of Read more…
WASHINGTON, D.C. – The CAR Coalition, a growing group of independent automotive parts, management and repair companies, associations, and insurers committed to preserving consumer choice and affordable vehicle repair, today praised the bipartisan members of the House Energy and Commerce Innovation, Data, and Commerce Subcommittee for holding a hearing on legislative issues related to Self-Driving Vehicles and Read more…
New York, NY – Kinderhook Industries, LLC (“Kinderhook”) announced the acquisition of Continental Auto Parts, L.L.C. (“Continental Auto Parts” or “CAP”) in partnership with management. Continental Auto Parts is a leading distributor of aftermarket collision automotive parts to multi-shop operators (“MSOs”) and independent collision shops. CAP represents Kinderhook’s 29th automotive / light manufacturing platform investment since inception. Read more…
Source: Rep. Neal Dunn (R-Fla.), opinion contributor, The Hill On July 11, a memorandum of understanding (MOU) between vehicle manufacturers and two automotive repair industry groups was released, detailing an “industry agreement” related to automobile right-to-repair. It is notable that the Alliance for Automotive Innovation omits the size and scope of these two “representatives of the independent Read more…
Washington, DC – On Tuesday, 7/18, I had the opportunity to attend the House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet hearing, “Is There a Right to Repair?”. The purpose of the hearing was to examine the current legal landscape of the right to repair and related intellectual property issues, including potential future avenues for Read more…
WASHINGTON, D.C. – The CAR Coalition, a growing group of independent automotive parts, management and repair companies, associations, and insurers committed to preserving consumer choice and affordable vehicle repair, today praised the bipartisan members of the House Judiciary Subcommittee on Courts, Intellectual Property, and the Internet for holding a hearing on consumers’ right to repair their vehicles. Read more…
Effective 7/15/2023, new Partslink data is available for download for existing subscribers. For information on the Partslink program, including market intelligence, and how to subscribe to Partslink, please visit www.autobpa.com/partslink. Partslink Monthly Statistics Partslink is more than just a database of part numbers. Information pertaining to part pricing and supersession are also available to subscribers.
