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Overcoming Supply Chain Hiccups with Creative Alternatives
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By Counterman
Dayco, a supplier of engine products and drive systems for the automotive, industrial and aftermarket industries, is expanding its timing chain kit line with 41 part numbers to cover another 49 million vehicles in operation (VIO). Additionally, the company is introducing the next generation of its AutoPartIQ inventory assessment tool—with new features for a more productive customer experience.
New Parts Bring Timing Chain Kit Coverage to 120+ Million
Dayco’s aftermarket team launched the line in 2022 due to the car parc shift from timing belts to timing chains at the OE level. The
link hidden, please login to view, which feature OE-quality components, cover high-volume light-duty engine applications. They include all the necessary components for a thorough and complete repair, building on Dayco’s mission of recommending system replacement as a best practice. Dayco says the kits include: Timing and secondary chains that prevent stretch for the life of the kit – and address the no. 1 replacement issue; Precision-machined cam and crank sprockets for quiet, noise-free performance; Direct fit OE-quality, high-grade plastic guides, as well as VVT solenoids and cam phasers when the application calls for it; and Packaging that features a QR code that links directly to detailed installation instructions. Dayco backs its entire timing chain kit line with an industry-leading two year or 60,000 mile (96,000 kilometer) link hidden, please login to view, whichever occurs first, giving technicians confidence in what they’re installing. Three of the new part numbers are already available, and the remaining 38 are scheduled for Q1 or Q2 2025.
“We entered the timing chain kit market to meet the needs of our customers. The line continues to grow with sales increasing year over year and we are supporting our high-quality product line with important investments in warranty and training material,” said Tom Tecklenburg, Vice President, Aftermarket, Dayco North America. “We encourage our customers as well as shop owners to reach out to our tech team to schedule virtual training and to learn more about this line if they aren’t already stocking it.”
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By Counterman
NexaMotion Group (NMG) announced the acquisition of
link hidden, please login to view, NexaMotion’s third acquisition of the year. The company has a total of three wholesale distributor locations: two in San Francisco, CA, and one in Honolulu, HI. City Auto Supply was represented by Schwartz Advisors, and the terms were not disclosed. City Auto Supply is a U.S. veteran-owned corporation founded in the San Francisco Bay Area in 1986. The company carries over 100,000 individual parts and is a leading distributor of automotive parts and supplies to the auto repair industry, the company said.
“An organization like
link hidden, please login to view is a great partner for City Auto Supply customers and team members. Our business is strategically aligned with NexaMotion Group and its leaders, and most importantly, we share the same values,” City Auto Supply Owner Larry Chew said. “NexaMotion Group and its subsidiaries are known for providing top-quality parts and exceptional service in the aftermarket industry.” “This marks our fifth acquisition in the general repair space over the past 18 months, and we’re just getting started,” Neil Sethi, president and CEO of
link hidden, please login to view, said. “Our mission has always been to simplify complex vehicle repair, and with each acquisition, we strengthen our ability to serve customers more effectively. We’re eager for what the future holds as we continue to expand and innovate.” The post
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By Counterman
link hidden, please login to view announced the release of an expanded range of timing chain kits and components for Q3 2024. The company said this latest product launch provides aftermarket solutions for a broad selection of popular vehicle makes and models. Cloyes said this quarter’s new offerings include comprehensive timing chain kits for Ford and Subaru vehicles. They’re designed to support Ford models such as the F-150, Mustang, Expedition and Transit, with engine sizes ranging from 2.7L to 3.7L. Subaru models, including the Forester, Impreza, Outback, and BRZ, are also covered, with kits tailored for 2.0L and 2.5L engines.
Cloyes further expanded its product line with new timing chain kits for Mercedes-Benz and Mazda vehicles. Mercedes-Benz kits are designed for the 2.1L and 2.7L engines found in models such as the E250, GLE300d, and Sprinter vans. For Mazda, owners of vehicles such as the Mazda 3, CX-5, and MX-5 Miata can benefit from Cloyes’ new timing and oil pump chain kits, the company said.
In addition,
link hidden, please login to view now offers expanded coverage for Hyundai, Kia, and General Motors vehicles. The new kits support popular Hyundai and Kia models like the Sonata, Optima, Santa Fe and Sorento, with engine sizes ranging from 2.0L to 2.4L. For GM, Cloyes has introduced timing chain kits for 1.4L and 1.5L engines in models such as the Chevrolet Spark, Malibu, and GMC Terrain. Cloyes said each kit is engineered for optimal engine performance and includes a variety of essential components such as timing chains, accessory drive belts, variable valve timing (VVT) components and water pumps, where applicable. The company added that the kits “provide all necessary timing and oil pump chain system components to ensure long-lasting, efficient engine performance, meeting or exceeding OEM standards.”
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By Counterman
The
link hidden, please login to view — which tracks demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses — rose in April to -0.18, from -0.32 in March, which signals that global supply chains are operating at close to full capacity. An Index greater than 0 indicates supply chain capacity is being stretched. The further above 0, the more stretched the supply chains are. An index less than 0 indicates supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are.
Improving activity across global supply chains is a direct result of healthier demand, which has picked up consistently in the year-to-date after considerable weakness in 2023, GEP said. The Asian market is at the forefront of this trend, with input demand at the region’s factories remaining strong. Procurement managers in South Korea, Vietnam, India and China reported greater purchasing activity during April.
According to GEP Consulting, the North American market is showing more evidence of tightening capacity, with backlogged work reported by manufacturers, particularly in Mexico. Demand for raw materials, commodities and components, while still subdued, also improved slightly. Meanwhile, demand conditions were less robust in Europe, with the region’s manufacturing sector continuing to underperform and lag other parts of the globe. Positively, however, the industrial recession across the continent has eased considerably since late last year.
“After four years of supply shocks, inflation, stockpiling, and uncertainty, global supply chains are now operating in a Goldilocks zone, a steady state of full capacity, not expanding or contracting too quickly, which is excellent news for global suppliers and business,” Mike Seitz, vice president, GEP Consulting said. “In China, we’re seeing a steady pick-up in manufacturing activity, which will encourage Chinese Premier Li Qiang to accelerate efforts to remove barriers imposed by European markets and foster more FDI, especially as the potential for tougher U.S. tariffs and trade policies loom.“
April 2024 key findings
Demand: Global demand for raw materials, commodities and components remained close to its long-term average in April, highlighting vastly improved conditions in the worldwide manufacturing sector compared with late last year. As was also the case in March, Asia was the main positive force, with major goods-producing nations such as China, India and South Korea recording growth, according to GEP. Inventories: Inventory drawdowns persisted into April, albeit cooling in strength compared to March. Reports from global businesses of stockpiles rising because of price or supply concerns were among the lowest seen in over four years, GEP said. Material shortages: GEP said reports of a short supply for items, including semiconductors, foodstuff, chemicals, and metals, remain historically low. Labor shortages: After rising for the past three months, GEP said global reports of backlogged orders rising because of staff shortages fell in April and were broadly aligned with historically typical levels. Regional differences persisted, however, with North America seeing greater labor shortages than elsewhere. Transportation: Following recent increases in oil prices, global transportation costs rose for the first time this year in April, according to GEP. Regional supply chain volatility
North America: Index broadly unchanged at -0.30, versus -0.31 previously. Although indicative of spare capacity, the input demand trend ticked higher in April, while increased backlogs of work were also reported, GEP said. Europe: Index fell to -0.55, from -0.62. GEP said April’s increase suggests the continent’s industrial downturn continued to ease. U.K.: Index decreased to -0.47, from -0.17 as U.K. manufacturers destock sharply instead of ordering from suppliers, GEP said. Asia: The Index rose to 0.07, from -0.07, signaling the first month of stretched supplier capacity since January, according to GEP. The post
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By Counterman
Eric Johnson, president and managing partner of Arnold Motor Supply/The Merrill Company, is visiting Northwood University this week to meet with students enrolled in automotive aftermarket courses.
“Efforts to encourage and educate students are so valuable because not only are we helping individuals, we’re also helping to shape the future of our industry,” Johnson said. “Preparing students with the mindset, skills and knowledge they need to be successful contributes to the overall growth and innovation of the aftermarket.”
Johnson, a member of the Aftermarket Auto Parts Alliance board of directors, spoke with students enrolled in aftermarket category management, aftermarket management research and aftermarket manufacturing management, among others.
“As a University of the Aftermarket graduate and supporter of Northwood University, Eric wanted to invest in the future leaders of the industry by sharing several real-life cases relevant to the aftermarket classes,” said Dr. Thomas Litzinger, executive director of the University of the Aftermarket/Northwood aftermarket industry chair.
Students enrolled in aftermarket category management are prepared for the role of product manager through inventory-modeling techniques and data analysis. The aftermarket manufacturing management course explores the role manufacturers play in the aftermarket and what business functions they employ.
Aftermarket management research teaches students research techniques to form a hypothesis and sample the data to reject or not reject the hypothesis.
“Our students are eager to engage with industry leaders and learn from their expertise,” said James O’Dell, assistant director of aftermarket education. “This real-life industry experience sets Northwood students apart, makes them uniquely qualified and prepares them for success in their career.”
The global market value of the aftermarket exceeds $400 billion. Northwood’s
link hidden, please login to view is the only one of its kind. Students in this program are fueled by their passions for cars, the aftermarket and turning this passion into a career someday. “The program has nearly a 100% employment rate for all graduates in the program,” Northwood said in a news release. “Part of their success is because Northwood helps them engage in real-world experiences and network with industry leaders like Eric Johnson.”
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