Standard Motor Products Releases 118 Numbers in February Announcement
- Introduction of 118 new part numbers covering 57 product categories for 2023 and 2024 vehicles
- Expansion of advanced internal combustion engine components like VVT Sprockets, Ignition Coils, and Electronic Throttle Bodies
- Growth in Emission Control program with additions in EGR Tubes, Crankcase Ventilation Filters, and Canister Purge Valves
- Enhancements to ADAS program with the addition of Park Assist Cameras and Sensors
- Commitment to high-tech safety systems with new coverage in ABS Sensors and Electronic Parking Brake Actuators
- None.
Insights
The introduction of 118 new part numbers by Standard Motor Products, Inc. signals a strategic expansion in several automotive component categories. Notably, the focus on advanced internal combustion engine (ICE) technologies, such as variable valve timing (VVT) and fuel injection systems, aligns with current market trends where manufacturers are enhancing traditional ICE performance to meet stricter emissions regulations while electric vehicle (EV) technology continues to develop.
From an industry perspective, the growth in Standard's Emission Control program, particularly in EVAP (Evaporative Emission Control System), EGR (Exhaust Gas Recirculation) and Crankcase Ventilation categories, is a response to the global push for reduced vehicular pollution. These components are critical for complying with environmental standards and improving fuel efficiency, which can influence fleet management decisions and the aftermarket parts industry. The inclusion of parts for newer model-year vehicles (2023 and 2024) suggests that Standard is proactively addressing the demand for maintenance and replacement parts in near-new vehicles, potentially capturing market share from competitors.
Standard Motor Products' addition of Park Assist Cameras and Sensors, as well as ABS Sensors and Electronic Parking Brake Actuators, reflects the increasing consumer demand for advanced driver assistance systems (ADAS). These systems are becoming standard in new vehicle models and the aftermarket supply of these components is crucial for repair and maintenance services. The complexity of electronic vehicle safety systems necessitates high-quality parts that meet or exceed original equipment (OE) standards, as failure in these systems can lead to significant safety concerns.
As vehicles become more reliant on electronic systems for safety, the aftermarket industry must ensure the reliability and compatibility of these components. Standard's commitment to providing coverage for popular import and domestic vehicles positions them as a key player in the safety components aftermarket, which could see increased demand as vehicle manufacturers continue to integrate more advanced safety features.
The automotive aftermarket industry is witnessing a shift with the introduction of new technologies and the need for specialized parts for newer vehicle models. Standard Motor Products' release of new part numbers may stimulate competitive dynamics within the sector, potentially affecting the stock performance of companies within this space. Investors and stakeholders will be interested in the company's ability to maintain a competitive edge through its product offerings, which could lead to increased revenue streams and market share.
Furthermore, the expansion of Standard's product lines could be seen as an indicator of the company's agility in adapting to industry trends and consumer demands. The long-term implications for Standard Motor Products and similar companies, may include stronger brand recognition and customer loyalty, which are critical factors for sustained financial growth in a market that is increasingly focused on technological advancements and environmental compliance.
Key Takeaways
- Advanced internal combustion engine (ICE) categories like variable valve timing, fuel injection and ignition have seen added coverage with this release
- Standard's industry-leading Emission Control program continues to grow, with coverage added in EVAP, EGR, and Crankcase Ventilation categories
- Seven Park Assist Cameras and six Park Assist Sensors have been added to Standard's ADAS program
In coming years, advanced internal combustion engine (ICE) categories will see continued growth. Standard® introduced VVT Sprockets for Subaru, Hyundai and Kia vehicles through 2023 and VVT Solenoids for Mitsubishi vehicles through 2022. Ignition Coils have been released for Mercedes-Benz cars through 2023, and new Electronic Throttle Bodies are available for Hyundai and Kia vehicles like the 2016-13 Hyundai Santa Fe Sport. Adding to Standard's extensive Fuel Injection program, several Injectors and related parts were also introduced. Additionally, Active Grille Shutters have been introduced the 2023-20 Subaru Outback and Legacy.
Standard's Emission Control program continues to grow. Multiple EGR Tubes have been added, with coverage for 3.3 million late-model import and domestic vehicles, including the 2023-18 Ford F-150 and 2023-17 Kia Rio. Crankcase Ventilation Filters are now available for 2019-16 Ford Super Duty trucks. Canister Purge Valves have also been released for popular import vehicles like the 2024-20 Hyundai Palisade. Engine Oil Separators have been added for Ford vehicles, and Fuel Vapor Canisters and Fuel Vapor Leak Detection Pumps are also new for popular import and domestic vehicles. Engine Crankcase Breather Hoses are new for nearly 1.4 million Toyota, Lexus, and Ford vehicles.
Electronic vehicle safety systems become more complex with each passing year, and Standard® is committed to releasing new coverage in these high-tech categories. Seven Park Assist Cameras were released adding new coverage for many popular import vehicles. Additionally, six Park Assist Sensors have been introduced, offering coverage through 2023. Several ABS Sensors were added to Standard's industry-leading ABS Sensor program, providing coverage for General Motors, Lexus, and Toyota cars, trucks and SUVs. Electronic Parking Brake Actuators have been added for popular vehicles like 2023-21 Ford Transit vans and the 2020-15 Jeep Renegade.
Jack Ramsey, Senior Vice President of Sales and Marketing, SMP, stated, "This latest release adds coverage throughout many of our key categories, providing our trusted partners with the late-model import and domestic coverage they're looking for. When OE fails, technicians can trust Standard® for the highest-quality and best-performing parts available."
All new applications are listed in the catalog found at StandardBrand.com and in electronic catalog providers.
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 new part numbers were introduced by Standard Motor Products (SMP®) in its February release?
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