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LKQ Corporation Announces Results for Fourth Quarter and Full Year 2024


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    • By Counterman
      link hidden, please login to view has been awarded the 2024 Supplier Partnership Award by NEXUS Automotive International at the Heavy Duty Aftermarket Week (HDAW) show in Grapevine, Texas. Established three years ago, this award recognizes suppliers that excel in program support, growth acceleration, professionalism, and partnership. Eligible suppliers must meet high standards in cooperation and innovation at both the NEXUS and local distributor levels.
      “We’re pleased to present this award to
      link hidden, please login to view,” said Joe Stephan, vice president of sales and business development for NEXUS North America. “Over the past year, PHINIA has strengthened its aftermarket commercial organization with talented, well-respected professionals and has demonstrated the high standards our members expect from global supplier partners. We look forward to building upon this valued partnership for years to come.” “This recognition is a testament to our team’s hard work and commitment to delivering exceptional experiences for our partners,” said Dave Illes, senior director of aftermarket sales, marketing, and training for PHINIA North America. “We sincerely thank NEXUS for this honor and look forward to further strengthening our partnership.”
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    • By Counterman
      Auto-Wares Group of Companies announced its 2024 Supplier Award winners. This year, six companies were recognized for their collaboration, contributions and success throughout the year. The awards were voted on by the Auto-Wares store, sales and leadership teams and presented at the Auto-Wares Group of Companies’ Tech Expo in Grand Rapids, Michigan, Feb. 7-8, 2025, with an attendance of over 2,500 service technicians, parts store owners and other automotive aftermarket professionals.

      link hidden, please login to view announced Gates as its Supplier of the Year for 2024. Gates has consistently provided Auto-Wares with high-quality products and exceptional customer support and service, Auto-Wares said. “We are honored to receive this prestigious award from one of our key partners,” said Colby Florea, vice president of sales at Gates. “This recognition is a testament to the hard work put in daily by everyone at Gates to ensure our partners like Auto-Wares have the support needed to enable us to win together.”
      “Gates has been and will continue to be a tremendous partner with Auto-Wares. They have an excellent team and a strong desire to help our company grow,” said Todd Leimenstoll, president and CEO of Auto-Wares Group of Companies. “Together, we’ve accomplished great things in 2024 and look forward to what the future brings together.”
      Auto-Wares 2024 Supplier Award Winners
      2024 Supplier of the Year: Gates 2024 Rising Star Supplier of the Year: Mevotech/MacPherson Ride 2024 Sales & Marketing Supplier of the Year: DRiV 2024 Data & Technology Supplier of the Year: Standard Motor Products 2024 Outstanding Shipping Supplier of the Year: Bosch 2024 Rep of the Year: Glen Roy, NRS 2024 Supplier of the Year: Gates 2024 Rising Star Supplier of the Year: Mevotech/MacPherson Ride 2024 Sales & Marketing Supplier of the Year: DRiV 2024 Data & Technology Supplier of the Year: Standard Motor Products 2024 Outstanding Shipping Supplier of the Year: Bosch 2024 Rep of the Year: Glen Roy, NRS
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    • By Counterman
      Valvoline announced that its Restore & Protect motor oil has been named 2025
      link hidden, please login to view winner in the car care category. The company said the product was selected for this honor through a national study of 40,000 American shoppers, as surveyed by Kantar, a consumer research firm. As the largest consumer-voted awards program recognizing product innovation, the Product of the Year award is recognition of the benefits Restore & Protect offers to consumers, link hidden, please login to view said. Launched in January 2024, Valvoline said
      link hidden, please login to view is the first motor oil designed to effectively restore a car’s engine to perform like new. The company said its product continues to challenge traditional views of the role motor oil plays in engine care and is setting a new benchmark for performance in the industry. “As we constantly strive to deliver exceptional products to our customers, we are honored to be chosen by consumers as a 2025 Product of the Year award winner,” said Greg Barntsen, Valvoline Global operations general manager – Americas. “Restore & Protect is not only on the forefront of value-added innovation in our industry, it’s a reflection of Valvoline Global’s commitment to inventing the way forward with innovative solutions to global automotive challenges.”

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    • By Counterman
      Parts Authority announced a leadership transition that will see its current CEO and co-founder, Randy Buller, moving into the role of Chairman of the Board, and the welcoming of Clark Hale as the company’s new CEO, effective March 3, 2025.
      Buller, along with his co-founders, Yaron Rosenthal, David Wotman and Steve Yanofsky, helped transform a once New York-based family business with less than 10 locations into a leading nationally-recognized automotive warehouse distributor with nearly 300 locations in 23 states and Washington, D.C., the company said.
      Using his financial background, entrepreneurial mindset and automotive industry expertise, Buller helped build the business by offering an unparalleled depth and breadth of brand name inventory to customers, focusing on customer service, investing heavily in technology, and valuing team member satisfaction and professional growth,
      link hidden, please login to view explained. “Over the span of 40 years, Randy drafted and executed the Parts Authority roadmap for rapid growth through both organic growth and M&A. As he transitions to the role of Chairman, Randy will continue to be fully available in providing support to Parts Authority, just as he has since 1980,” the company added.
      “I know this feels like a big change, but I am very positive and confident in the future of Parts Authority. I look forward to continuing to do what I love, with people I love, while taking a small step back in the day-to-day. I’m thrilled to be handing the reins to Clark and I am looking forward to working with him to drive Parts Authority’s future success,” said Buller. [A letter from Randy Buller is provided
      link hidden, please login to view.] Parts Authority said Hale brings a wealth of experience and a proven track record to the company. He has been affiliated with Kohlberg & Company since 2019, and has also been serving as a member of the Parts Authority board of directors. 
      “I want to thank Randy and his co-founders for entrusting me with leading the future of Parts Authority. It is an honor to be following in their footsteps in continuing on the legacy and culture of such a great organization,” said Hale. “I am very excited to take on this important next step in Parts Authority’s growth and evolution. I am confident that with our team, we can continue to demonstrate and execute on our commitments to our customers and vendor partners as the leader in the industry.” 
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