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By Counterman
XL Parts | The Parts House announced the appointment of Vikrant Aggarwal as its new president and chief executive officer, effective April 21, 2025. Aggarwal will succeed Mike Odell, who will remain as chief executive officer of Marubeni Automotive Aftermarket Holdings, the parent company of XL Parts, The Parts House, C&K Auto Parts and other Marubeni investments in the U.S. automotive aftermarket.
“Vikrant’s extensive industry knowledge, operational expertise, and collaborative leadership style position him to continue to drive our commitment to delivering exceptional service, achieving sustainable growth, and guiding the organization to a prosperous future,” said Odell.
The succession plan Odell began several years ago when
link hidden, please login to view| link hidden, please login to view initiated the search for a chief operating officer. Aggarwal joined the company in September 2023 and was link hidden, please login to view. With more than 25 years of experience running global business functions, including a worldwide alternator business, XL Parts | The Parts House said Aggarwal has an admirable track record of success in the automotive industry. “I am honored to take on this new role and am excited to lead our incredible team at XL Parts | The Parts House,” said Aggarwal. “I look forward to continuing our growth by developing exceptional talent, ensuring consistently high standards of service for our customers, maintaining strong relationships with our valued vendor partners and continuing to represent the interests of our shareholders.”
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By Counterman
Standard Motor Products, Inc. (SMP) announced it released a total of 170 new part numbers in the first quarter of 2025, including introductions from
link hidden, please login to view’s Vehicle Control and Temperature Control divisions. New coverage for late-model import and domestic vehicles was added across multiple powertrains, the company said. Ignition Coils have been added for Hyundai cars and SUVs, including the 2024-21 Elantra and 2024-22 Kona, and multiple new applications have been added to Standard’s Advanced Driver Assistance Systems (ADAS) Program. New coverage in this category includes Park Assist Cameras for import and domestic vehicles like the 2024-18 Chrysler Pacifica and 2024-20 Voyager, as well as Nissan, Toyota and Honda vehicles. Seven new ABS Speed Sensors were added, offering coverage for over one million Hyundai vehicles through the 2025 model-year, as well as the 2023-20 Kia Soul and General Motors vans through 2024. Also included in the release were Collision Repair components such as Hood Latch Assemblies, Tailgate Latch Assemblies, and Multi-Function Connectors for over one hundred million vehicles, according to
link hidden, please login to view. Four Seasons New Numbers
New numbers from Four Seasons include nearly 70 Hose Assemblies, adding coverage for over nine million import and domestic vehicles. This new offering includes Liquid Lines for the 2023-19 Subaru Forester, Discharge Lines for the 2024-21 Kia Sorento and 2023-21 Hyundai Santa Fe, and Suction and Liquid Lines for the 2023-21 Toyota Tacoma. Air Door Actuators were introduced for over three million General Motors trucks, as well as the 2021-19 Nissan Altima and 2020-19 Infiniti QX50. Four Seasons’ Reman and New Compressor programs have expanded as well, offering coverage for popular vehicles like the 2022-18 Honda Accord and 2023 Honda Civic. Additional categories that see expansion include Electric Coolant Pumps, Water Inlets, Thermal Management Modules, Heater Cores, Engine Coolant Auxiliary Pumps and more.
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By Counterman
Advance Auto Parts announced it has completed the store closure phase of its transformation plan and is entering its next phase of returning to growth. The company said optimization of the retail footprint was key to Advance’s broader transformation plan to reposition the company for long-term success. Now, more than 75% of the company’s stores are in markets where the company has the No. 1 or No. 2 position based on store density, strengthening its presence in strategic communities.
With that phase complete, Advance said it now expects to open 30 new locations in the United States in 2025 and at least an additional 100 new locations through 2027, including larger “market hubs.”
Since the beginning of this year,
link hidden, please login to view has opened six new stores in Florida, New Jersey, Tennessee and Virginia. Over the next several months, the company said it expects to open additional stores to serve customers across communities in Florida, Illinois, Maryland, Ohio, Virginia and Wisconsin. Advance added it is also continuing the expansion of market hubs with new openings soon in the Midwest. These larger stores will increase availability of parts by placing approximately 75,000 to 85,000 SKUs closer to customers and other local Advance stores, as well as improve Advance’s speed of service with same-day delivery of parts. By comparison, typical Advance stores carry between 20,000 to 25,000 SKUs.
“Advance Auto Parts is on the path to accelerate store growth and focused on the fundamentals of selling auto parts,” said
link hidden, please login to view. “We are excited about what’s to come for Advance. Our team members are committed to providing the right parts and the right service for our PRO and DIY customers in their communities.” In addition to new store openings, Advance said it is creating a better customer experience. The company’s previously announced incremental capital expenditure plan includes additional investments in existing stores related to IT infrastructure, equipment, store repairs, and improved inventory and delivery. The company said it is also providing additional training to team members to enhance customer experience.
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By Advance Auto Parts
Leading automotive aftermarket parts provider also investing to improve customer experience, increase parts availability and speed of service with same-day delivery
RALEIGH, N.C.--(BUSINESS WIRE)-- Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America that serves both professional installer and do-it-yourself customers, announced today that it has completed the store closure phase of its transformation plan and is entering its next phase of returning to growth.
Optimization of the retail footprint was key to Advance’s broader transformation plan to reposition the company for long-term success. Now, more than 75% of the Company’s stores are in markets where the company has the No. 1 or No. 2 position based on store density, strengthening its presence in strategic communities.
With that phase complete, the Company now expects to open 30 new locations in the United States in 2025 and at least an additional 100 new locations through 2027, including larger “market hubs.”
Since the beginning of this year, Advance has opened six new stores in Florida, New Jersey, Tennessee and Virginia. Over the next several months, the company expects to open additional stores to serve customers across communities in Florida, Illinois, Maryland, Ohio, Virginia and Wisconsin.
Advance is also continuing the expansion of market hubs with new openings soon in the Midwest. These larger stores will increase availability of parts by placing approximately 75,000 to 85,000 SKUs closer to customers and other local Advance stores, as well as improve Advance’s speed of service with same-day delivery of parts. By comparison, typical Advance stores carry between 20,000 to 25,000 SKUs.
“Advance Auto Parts is on the path to accelerate store growth and focused on the fundamentals of selling auto parts,” said Shane O’Kelly, president and chief executive officer. “We are excited about what’s to come for Advance. Our team members are committed to providing the right parts and the right service for our PRO and DIY customers in their communities.”
In addition to new store openings, Advance is creating a better customer experience. The Company’s previously announced incremental capital expenditure plan includes additional investments in existing stores related to IT infrastructure, equipment, store repairs and improved inventory and delivery. Advance is also providing additional training to team members to enhance customer experience.
About Advance Auto Parts
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of December 28, 2024, Advance operated 4,788 stores primarily within the United States, with additional locations in Canada, Puerto Rico, and the U.S. Virgin Islands. The company also served 934 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at
link hidden, please login to view. Forward-Looking Statements
Certain statements herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are usually identifiable by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast, “guidance,” “intend,” “likely,” “may,” “plan,” “position,” “possible,” “potential,” “probable,” “project,” “should,” “strategy,” “target,” “will,” or similar language. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, statements about the Company’s strategic initiatives, restructuring and asset optimization plans, store and location opening plans, operational plans and objectives, and statements regarding expectations for future business and financial performance, as well as statements regarding underlying assumptions related thereto. Forward-looking statements reflect the Company’s views based on historical results, current information and assumptions related to future developments. Except as may be required by law, the Company undertakes no obligation to update any forward-looking statements made herein. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements. They include, among others, the Company’s ability to hire, train and retain qualified employees, the timing and implementation of strategic initiatives, risks associated with the Company’s restructuring and asset optimization plans, deterioration of general macroeconomic conditions, geopolitical factors including increased tariffs and trade restrictions, the highly competitive nature of the industry, demand for the Company’s products and services, risks relating to the impairment of assets, including intangible assets such as goodwill, access to financing on favorable terms, complexities in the Company’s inventory and supply chain and challenges with transforming and growing its business. Please refer to “Item 1A. Risk Factors” of the company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), as updated by the company’s subsequent filings with the SEC, for a description of these and other risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statements.
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By Counterman
Anchor Industries announced the release of seven part numbers designed for late model BMW coverage. The new part numbers cover over 1,249,500 applications for model years 2016-2025 and represent “excellent sales opportunities,” according to
link hidden, please login to view For more details on
link hidden, please login to view complete program availability, contact your local sales representative or call Anchor’s customer service department direct at 1-888-444-4616. The post
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