Standard Motor Products Expands Gas Fuel Injection Program Offering
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Insights
The expansion of Standard Motor Products, Inc.'s (SMP) Gasoline Fuel Injection program represents a strategic move to solidify its position in the automotive aftermarket industry. By offering a comprehensive suite of over 2,100 parts, SMP is addressing the rising demand for high-quality fuel injection components necessitated by the increasing complexity of modern internal combustion engines.
The introduction of the Blue Streak® High-Pressure Fuel Pump Kits is particularly noteworthy. These kits cater to the specific needs of direct injection engines, which are prevalent in many modern vehicles due to their efficiency and performance benefits. This addition could position SMP favorably among repair shops and technicians, potentially increasing market share and enhancing revenue streams.
Manufacturing all-new injectors, as opposed to remanufactured ones and the IATF 16949 certification of their Greenville facility underscore SMP's commitment to quality. This certification is a global standard for quality management in the automotive industry, which could reassure customers and strengthen brand reputation.
The aftermarket segment of the automotive industry is highly competitive, with numerous players vying for market share. SMP's comprehensive product line-up and recent expansions could be seen as an attempt to differentiate itself from competitors. With coverage extending to a wide range of import and domestic vehicles, SMP is likely to appeal to a broad customer base, including both individual vehicle owners and professional service providers.
The aftermarket for fuel injection systems is expected to grow, driven by the aging vehicle fleet and the prevalence of GDI systems in newer models. SMP's strategy of providing a 'complete repair solution' could resonate well with service providers looking for convenience and reliability. This approach might also lead to increased customer loyalty and repeat business, which are critical factors for sustained growth in the aftermarket sector.
SMP's announcement of expanding its Gasoline Fuel Injection program could have positive implications for its financial performance. The automotive parts industry is closely tied to vehicle production trends and the rate of vehicle repairs. As such, the introduction of new parts for recent vehicle models, like the 2023-21 Hyundai Elantra and 2021-19 Honda Insight, suggests SMP is keeping pace with the market and positioning itself to capitalize on the replacement cycle of these vehicles.
Investors should monitor SMP's inventory turnover and sales growth in subsequent quarters to gauge the success of this expansion. Additionally, the cost implications of producing all-new parts and maintaining a certified facility should be weighed against the potential premium pricing power and market share gains. Long-term, SMP's commitment to quality and comprehensive offerings could enhance its competitive moat and contribute to shareholder value.
Key Takeaways
- Standard's Gasoline Fuel Injection program features more than 2,100 parts, including GDI, MFI and TBI Injectors and related parts for the most complete program in the industry
- New award-winning Blue Streak® High-Pressure Fuel Pump Kits for direct injection engines include everything needed for a complete repair
- SMP-manufactured all-new Injectors are built in SMP's IATF 16949-certified
Greenville, South Carolina facility
Standard's complete Fuel Injection program features over 1,100 all-new, not remanufactured, Gasoline Direct Injection (GDI), Multi-Port Fuel Injection (MFI) and Throttle Body Injection (TBI) Injectors, as well as Fuel Injector Multi-Packs for a complete repair solution. New Fuel Injectors manufactured by SMP are built in SMP's IATF 16949-certified
In addition to Injectors, the Standard® program also includes High-Pressure Fuel Pumps and Kits, Fuel Injector Rail Kits, Fuel Pressure Sensors, Fuel Feed Lines, Fuel Pressure Regulators, GDI Service Kits, Fuel Pressure Sensor Connectors, Camshaft Followers and more for a complete line of GDI components, with coverage for import and domestic vehicles through the 2023 model year.
Blue Streak® Direct Injection High-Pressure Fuel Pump Kits
Standard® recently launched its line of Direct Injection High-Pressure Fuel Pump Kits for popular import and domestic applications. These award-winning Kits simplify high-pressure fuel pump replacements by including everything needed for a complete repair: a high-pressure fuel pump, camshaft follower, and any additional components needed based on the manufacturers' repair procedures. These complete kits are designed to save technicians' time and ensure that the job is done correctly the first time with all-new components.
New Coverage
Multiple new GDI and MFI Injectors have been released recently, offering coverage for millions of Ford, Hyundai, Audi, Honda, Infiniti, and Volvo vehicles. Popular applications include the 2022-21 Ford F-150, 2023-21 Hyundai Elantra, 2021-19 Honda Insight and 2019-17 Infiniti Q60. Several Fuel Pressure Sensors have been introduced, adding new coverage for popular vehicles like the 2023-22 Jeep Grand Cherokee and 2013-06 Honda Civic. Fuel Feed Lines are new for nearly 1 million Audi and Volkswagen vehicles, as well as the 2018-13 Nissan Altima, 2020-19 Toyota RAV4 and more. Fuel Pressure Sensor Connectors have been released for Ford vehicles through 2021 and Jeep vehicles through 2023.
Commenting on the expansion, John Herc, Vice President of Vehicle Control Marketing, SMP, stated, "Our Fuel Injection Program includes all of the parts technicians are looking for to perform a complete, start-to-finish repair. Standard® is committed to continued expansion to maintain the most complete line in the industry."
All new Standard® Fuel Injection applications are listed in the eCatalog found at StandardBrand.com, and in electronic catalog providers.
About Standard®
Standard® provides unmatched coverage for all import and domestic vehicle applications equipped with gas, hybrid, and electric powertrains. Standard's line offers premium automotive products in multiple product categories for vehicle systems such as electric, safety, fuel, and ignition. Product categories include Ignition Coils, Sensors, Switches, VVT Components, ADAS Products, TPMS Sensors, Fuel Injection, and more. For additional information, contact an SMP sales representative or visit StandardBrand.com.
About SMP
With over 100 years in business, Standard Motor Products, Inc. is a leading independent manufacturer and distributor of premium automotive replacement parts utilized in the maintenance, repair and service of vehicles in the automotive aftermarket industry. In addition, SMP continues to increase its supplier capabilities with a complementary focus on specialized original equipment parts for manufacturers across multiple industries such as agriculture, heavy duty, and construction equipment. SMP sells its products primarily to automotive aftermarket retailers, program distribution groups, warehouse distributors, original equipment manufacturers and original equipment service part operations in
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SOURCE Standard Motor Products, Inc.
FAQ
What is the latest expansion by Standard Motor Products, Inc. (SMP) in the aftermarket-leading Gasoline Fuel Injection program?
What is included in the new award-winning Blue Streak® High-Pressure Fuel Pump Kits for direct injection engines?
Where are the all-new Injectors manufactured by SMP built?
What does Standard® Fuel Injection program offer besides Injectors?
What new coverage has been released by Standard® recently?
Where can all new Standard® Fuel Injection applications be found?
