Motorcar Parts of America Adds Newer Model Coverage for Brake Pads and Rotors

Rhea-AI Summary

Motorcar Parts of America (MPAA) has added over 100 new late model vehicle part number applications to its catalog in four months, enhancing coverage for more than 40 million vehicles. These part numbers are accessible to the professional installer market through the Quality-Built and Quality-Built Black Series brands. Senior VP Rick Mochulsky emphasized the company's commitment to meeting the strong demand for non-discretionary products. MPAA focuses on remanufacturing and distributing a variety of automotive aftermarket parts across North America.

Positive

• Expanded product catalog with over 100 new part number applications.
• Increased market coverage for more than 40 million vehicles.
• Focus on non-discretionary product solutions aligns with market demand.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America Inc. (Nasdaq: MPAA) today announced it has added more than 100 new late model vehicle part number applications to its catalog in the last four months, providing coverage for more than 40 million vehicles.

The new part numbers are available to the professional installer market through the company’s Quality-Built and Quality-Built Black Series brands Powered by MPA.

“We embrace a culture of providing customer solutions by meeting the strong demand for non-discretionary products and moving quickly to develop, catalog, and distribute new part numbers,” said Rick Mochulsky, senior vice president of sales and marketing for Motorcar Parts of America.

About Motorcar Parts of America, Inc.

Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearings and hub assemblies, brake calipers, brake master cylinders, brake power boosters, turbochargers, and diagnostic testing equipment utilized in imported and domestic passenger vehicles, light trucks, and heavy-duty applications. Its products are sold to automotive retail outlets and the professional repair market throughout the United States, Canada, and Mexico, with facilities located in California, New York, Mexico, Malaysia, China and India, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia, and Canada. In addition, the company’s electrical vehicle subsidiary designs and manufactures testing solutions for performance, endurance, and production of multiple components in the electric power train – providing simulation, emulation, and production applications for the electrification of both automotive and aerospace industries, including electric vehicle charging systems. Additional information is available at www.motorcarparts.com.

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company’s current expectations and beliefs concerning future developments and their potential effects on the company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors. Reference is also made to the Risk Factors set forth in the company’s Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2022 and in its Forms 10-Q filed with the SEC for additional risks and uncertainties facing the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230315005318/en/

Gary S. Maier

Vice President, Corporate Communications & IR

310-972-5124

Mario Garza

Vice President, Marketing

(713) 257-0755

Source: Motorcar Parts of America Inc.

FAQ

What is the latest announcement from Motorcar Parts of America (MPAA)?

Motorcar Parts of America announced the addition of over 100 new late model vehicle part number applications to its catalog.

How many vehicles does MPAA's new part number applications cover?

The new part number applications cover more than 40 million vehicles.

What brands are associated with the new part numbers from MPAA?

The new part numbers are available through MPAA's Quality-Built and Quality-Built Black Series brands.

Who is the Vice President of Sales and Marketing at MPAA?

Rick Mochulsky is the Senior Vice President of Sales and Marketing at Motorcar Parts of America.

Where can I find more information about Motorcar Parts of America (MPAA)?

Additional information about MPAA can be found on their website at www.motorcarparts.com.