Aftermarket exclusives top Dorman’s October new product releases

Rhea-AI Summary

Dorman Products, Inc. (NASDAQ:DORM) has announced the release of hundreds of new aftermarket components and assemblies, expanding its catalog to over 133,000 SKUs. The October release includes several aftermarket exclusives under the Dorman® OE FIX™ line, offering improved repair solutions compared to OEM parts. Key innovations include:

1. An exhaust manifold repair clamp for GM and Isuzu vehicles
2. A durable transmission gearshift bracket for Dodge and Ram trucks
3. A flexible braided stainless steel fuel line for select Chevrolet, Pontiac, and Buick vehicles

Additional noteworthy products include a loaded brake backing plate for Ford vehicles, turbocharger accessories for Ram trucks, and various engine components for different makes and models. These new offerings represent over 18 million new repair opportunities for professionals and enthusiasts.

Positive

• Expansion of product catalog to over 133,000 SKUs, increasing market presence
• Introduction of aftermarket exclusives, potentially boosting sales and market share
• New products offer 18 million new repair opportunities, expanding revenue potential
• Innovative solutions designed to improve upon OEM parts, enhancing brand reputation

Negative

• None.

Insights

Automotive Aftermarket Analyst

Dorman's October product release showcases their commitment to innovation in the aftermarket sector. The introduction of several OE FIX™ products addresses common vehicle issues with improved designs, potentially increasing repair efficiency and vehicle longevity. Notably, the exhaust manifold repair clamp and transmission gearshift bracket offer cost-effective solutions to expensive repairs.

The company's focus on aftermarket exclusives and first-to-market solutions could strengthen their market position and drive revenue growth. With 18 million new repair opportunities, Dorman is expanding its addressable market significantly. This strategy aligns well with the trend of consumers keeping vehicles longer, potentially boosting demand for aftermarket parts.

However, the impact on Dorman's financial performance will depend on market adoption rates and the ability to maintain margins amidst competition. Investors should monitor upcoming quarterly results to gauge the success of these new product introductions.

Supply Chain Expert

Dorman's extensive product release demonstrates a robust supply chain and manufacturing capability. The ability to introduce hundreds of new SKUs simultaneously, across various vehicle systems, indicates strong supplier relationships and efficient product development processes.

The company's diverse product range, now exceeding 133,000 SKUs, suggests a complex inventory management system. This breadth of offerings can be a double-edged sword - it allows Dorman to cater to a wide range of vehicle repairs but may also increase inventory carrying costs and the risk of obsolescence.

The focus on pre-assembled solutions like the loaded brake backing plate shows a strategic move towards value-added products. This approach can improve margins and differentiate Dorman from competitors offering individual components. However, it also requires precise demand forecasting to avoid overproduction of these more complex assemblies.

COLMAR, Pa., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is announcing the release of hundreds of new aftermarket components and assemblies, adding to its expansive catalog of more than 133,000 SKUs. Several of these new offerings represent aftermarket exclusives, first-to-aftermarket solutions that help keep vehicles on the road for everyday drivers while providing millions of repair opportunities for parts distributors, retailers and repair shops.

Designed to offer a better repair solution than the OEM, the following Dorman^® OE FIX™ products were released:

• An exhaust manifold repair clamp that saves time and labor on repairs to certain General Motors and Isuzu vehicles. When an exhaust manifold fastener breaks, the clamp offers an alternative to fixing the manifold to the cylinder head without needing to extract the broken stud.
• A transmission gearshift bracket designed to match the fit of the original part, but manufactured from a higher grade, more durable aluminum alloy, and engineered with a much sturdier double-bolt design that more effectively and consistently distributes the stresses of changing gears. Offers a hassle-free and predictable repair when the column-mounted shift lever on certain Dodge and Ram trucks becomes sloppy or inoperable. Also includes a direct replacement shift interlock solenoid.
• A flexible braided stainless steel fuel line made with stainless steel over flexible PTFE tubing, specific length for select Chevrolet, Pontiac and Buick vehicles. Original-style hard fuel lines can be tough to route under the vehicle, while this OE FIX offers new brackets and factory connectors designed to offer the easiest possible installation.

Additional noteworthy innovations for October include:

• A loaded brake backing plate, a pre-assembled solution for select Ford vehicles, designed to save time and labor, as well as provide structure for the other components in the braking system while also helping to keep debris from entering.
• A turbocharger inlet duct and charge air cooler pipe for popular Ram trucks, adding to Dorman’s diverse array of critical turbocharger accessories. Designed to match the performance of the original lines, these cost-effective replacements help remedy leaking or failed original lines.
• Precision-engineered and manufactured to match the performance of the factory manifold on specified Ford Transit vans, exhaust manifold kits resist warping, cracking and leaking for long-lasting performance.
• A back-up sensor for select Chrysler, Dodge, Jeep and Ram vehicles, a reliable replacement for an original part that has failed due to fatigue or electrical malfunction.
• An engine heater hose assembly for specified Ford Super Duty trucks, precision-manufactured to match the performance of the original equipment hose which failed due to heat and fatigue.
• An engine valve cover manufactured from quality materials to withstand extreme temperatures to resist leaking for certain Infiniti and Nissan models.

In total, these featured product solutions offer more than 18 million new repair opportunities, giving repair professionals, enthusiasts and owners greater freedom to fix motor vehicles.

Find Dorman products near you using the Where to Buy search tool or take the Dorman Virtual Tour at DormanProducts.com/tour to learn more about the company, including history, culture and more.

Contacts

• Marketing: Steve Gisondi, Vice President of Marketing, sgisondi@dormanproducts.com
• Investor Relations: Alex Whitelam, Vice President, Investor Relations & Risk Management, awhitelam@dormanproducts.com

Visit our website at www.dormanproducts.com. The Investor Relations section of the website contains a significant amount of information about Dorman, including financial and other information for investors. Dorman encourages investors to visit its website periodically to view new and updated information.

About Dorman Products

Dorman gives professionals, enthusiasts and owners greater freedom to fix motor vehicles. For over 100 years, we have been driving new solutions, releasing tens of thousands of aftermarket replacement products engineered to save time and money and increase convenience and reliability.

Founded and headquartered in the United States, we are a pioneering global organization offering an always-evolving catalog of products, covering cars, trucks and specialty vehicles, from chassis to body, from underhood to undercarriage, and from hardware to complex electronics.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “probably,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “views,” “estimates” and similar expressions are used to identify these forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date such statements were made. Such forward-looking statements are based on current expectations that involve known and unknown risks, uncertainties and other factors (many of which are outside of our control). Such risks, uncertainties and other factors relate to, among other things: competition in and the evolution of the motor vehicle aftermarket industry; changes in our relationships with, or the loss of, any customers or suppliers; our ability to develop, market and sell new and existing products; our ability to anticipate and meet customer demand; our ability to purchase necessary materials from our suppliers and the impacts of any related logistics constraints; widespread public health pandemics; political and regulatory matters, such as changes in trade policy, the imposition of tariffs and climate regulation; our ability to protect our information security systems and defend against cyberattacks; our ability to protect our intellectual property and defend against any claims of infringement; and financial and economic factors, such as our level of indebtedness, fluctuations in interest rates and inflation. More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the Securities and Exchange Commission (“SEC”), including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company is under no obligation to, and expressly disclaims any such obligation to, update any of the information in this document, including but not limited to any situation where any forward-looking statement later turns out to be inaccurate whether as a result of new information, future events or otherwise.

FAQ

What new products did Dorman (DORM) release in October 2024?

Dorman released hundreds of new aftermarket components, including an exhaust manifold repair clamp for GM and Isuzu vehicles, a durable transmission gearshift bracket for Dodge and Ram trucks, and a flexible braided stainless steel fuel line for select Chevrolet, Pontiac, and Buick vehicles.

How many new repair opportunities do Dorman's (DORM) October 2024 product releases offer?

Dorman's October 2024 product releases offer over 18 million new repair opportunities for repair professionals, enthusiasts, and vehicle owners.

What is the total number of SKUs in Dorman's (DORM) catalog after the October 2024 release?

After the October 2024 release, Dorman's catalog expanded to include over 133,000 SKUs.

What are some of the Dorman® OE FIX™ products released in October 2024?

Dorman® OE FIX™ products released in October 2024 include an exhaust manifold repair clamp, a durable transmission gearshift bracket, and a flexible braided stainless steel fuel line, all designed to offer improved solutions compared to OEM parts.