Motorcar Parts of America Introduces Additional Quality-Built Brake-Related Product Part Numbers to Catalog

Rhea-AI Summary

Motorcar Parts of America Inc. (MPAA) expands its product coverage for the Quality-Built brake pad and brake rotor program with over 20 new part numbers, targeting an additional seven million vehicles. The company aims to cater to the professional installer market with its QB, Quality-Built, and Quality-Built Black Series brands. The introduction of new part numbers demonstrates MPAA's commitment to meeting market demand swiftly.

LOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America Inc.(Nasdaq: MPAA) today announced it has introduced expanded product coverage for its Quality-Built brake pad and brake rotor program, with more than 20 new part numbers covering an additional seven million vehicles in operation.

The new part numbers are offered through QB, Quality-Built and Quality-Built Black Series brands powered by MPA, which serve the professional installer market. A list of the new part numbers is available via the following link:

New-Part-Numbers-for-QB-Brakes-Program-2024.pdf (motorcarparts.com)

“Our QB products continue to gain traction in the professional market and the new part number introductions highlight our commitment to moving quickly to develop, catalog, and distribute products to meet the demand,” said Jamie Cook, 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 2023 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/20240212246617/en/

Mario Garza

Vice President, Marketing

(713) 257-0755

Source: Motorcar Parts of America, Inc.

FAQ

What is the ticker symbol for Motorcar Parts of America Inc.?

The ticker symbol for Motorcar Parts of America Inc. is MPAA.

How many new part numbers has MPAA introduced for its brake pad and brake rotor program?

MPAA has introduced over 20 new part numbers for its brake pad and brake rotor program.

Which market segment does MPAA target with its QB, Quality-Built, and Quality-Built Black Series brands?

MPAA targets the professional installer market with its QB, Quality-Built, and Quality-Built Black Series brands.

Who is the senior vice president of sales and marketing for Motorcar Parts of America?

Jamie Cook is the senior vice president of sales and marketing for Motorcar Parts of America.

Where can the list of new part numbers for the QB Brakes Program be found?

The list of new part numbers for the QB Brakes Program can be found at New-Part-Numbers-for-QB-Brakes-Program-2024.pdf on motorcarparts.com.