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Genuine Parts Company Reports First Quarter 2024 Results and Updates Full-Year Outlook
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By abiztime
Recently, Longkou Lihe Machinery Parts Co., Ltd. was honored with the "Supplier of the Year" award by its client, in recognition of its outstanding product quality, exceptional service standards, and deep collaboration with its partners. This marks the first time the client has ever presented this prestigious award to a supplier.
As a long-term strategic partner, Longkou Lihe Machinery Parts Co., Ltd. has consistently delivered high-quality brake discs and brake drums through efficient supply chain management, advanced manufacturing techniques, and a rapid response to customer needs. These efforts have fully supported the client’s business growth in global markets.
This achievement reflects the company’s relentless pursuit of lean production and continuous improvement. By strengthening its quality management systems, optimizing production processes, and embracing advanced manufacturing technologies, Lihe has provided increasingly competitive products to its customers. Additionally, the company remains steadfast in its customer-centric approach, addressing challenges promptly and meeting demands effectively, earning the client’s trust and recognition.
General Manager of Longkou Lihe Mechanical Parts Co., Ltd., expressed his gratitude: “We are deeply honored to receive the ‘Supplier of the Year’ award. This is not only a recognition of our past efforts but also a motivation for future development. We will continue to uphold our principles of quality first and service excellence, working hand in hand with our partners to create greater value for the global braking system industry.”
Introduction of LONGKOU Lihe Machinery Parts Co., Ltd. (website: rdbrake)
The factory is located in the Youth Science and Technology Entrepreneurship Park, Shandong Province, China. It is a high-tech enterprise integrating the design, producing and exporting of automobile brake discs and brake hubs. The annual output reaches 3.8 million, of which 70% of the products are exported, and 30% are matched with domestic automobile manufacturers.
The company covers an area of 60,000 square meters with 200 employees, including 69 employees with college degree or above, 43 professional and technical personnels (1 expert, 3 senior engineers, 8 engineers, and 18 technical staff). Strong technical strength has laid a solid foundation for product research, development and quality control.
The company consists of 8 functional departments and four workshops (casting, rough machining, fine machining, and packaging). have successively obtained ISO/9001, IATF16949:2016, ISO/14001, ISO/18001 and ECE-R90 quality system certification.
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By Counterman
The
link hidden, please login to view. announced it was proud to present the Channel Partner of the Year award, the most prestigious of the Alliance’s honors, to the Robert Bosch Company for consistently performing with distinction and aligning with the Alliance’s brand strategy throughout 2024. This award and others were presented during the Alliance’s annual awards banquet on December 10, 2024, at the JW Marriott Turnberry in Aventura, FL, held during the 2024 link hidden, please login to view. “We are delighted to celebrate our dedicated channel partners and their continued commitment to the success of the Alliance and our shareholder members,” said JC Washbish, president of the Alliance. “Each of these companies has demonstrated excellence in supporting our vision and contributing to the growth and innovation of the industry. We look forward to building on this momentum.”
JC Washbish, president, Aftermarket Auto Parts Alliance, presenting at the Alliance winter meeting awards banquet, Dec. 10, 2024, held at the JW Marriott Turnberry in Aventura, FL. “Together with our dedicated team and in collaboration with the Alliance and its shareholder members, we are honored to receive this recognition,” said Todd Hertzler, vice president of sales for Bosch Mobility Aftermarket North America. “This acknowledgment is both humbling and rewarding. We take great pride in being a trusted, high-quality channel partner and value the recognition of our ongoing efforts. As we look ahead to 2025, we are excited about the opportunities and continued collaboration with the Alliance membership.”
Other notable awards presented include honors for Technology Support, Manpower, the Diamond Award, Training, Commercial Vehicle & Heavy-Duty (CVHD) Hauler, Technology Partner, Logistics, Marketing, Customer Service, and the prestigious Lonestar Award. Additionally, the Fill Rate Awards, which celebrated partners who maintained exceptional fill rates throughout the year, were presented earlier that Tuesday.
Award2024 WinnerTechnology SupportStandard Motor Products, IncManpowerGatesDiamondKimberly- Clark ProfessionalTrainingDormanCVHD HaulerGrote Technology PartnerBridgeheadITLogisticsTrakMotiveMarketingValvolineCustomer ServiceBBB IndustriesLonestarEast Penn ManufacturingExclusive National BrandMPA/MacPherson Hub The 2024 Winter Meeting, attended by over 500 industry professionals, served as a hub for collaboration and knowledge-sharing among shareholders and channel partners. The four-day event featured joint business sessions, mixer events and discussions on key topics such as category management, sales and marketing, information technology, and national accounts, the Aftermarket Auto Parts Alliance said.
The event culminated in the awards banquet, which remains the highlight of the Winter Meeting.
“With each event, we strive to improve and create an environment that fosters collaboration, innovation, and meaningful connections. The energy and engagement this year was exceptional, and it’s rewarding to see our shareholders and channel partners come together so effectively. This meeting was the perfect way to close out a successful 2024, and we’re excited to continue building on this momentum in the years ahead,” said Corey Bartlett, president & CEO of Automotive Parts Headquarters, Inc.
The Winter Meeting formally concluded on Wednesday, Dec. 11, 2024. Following the event, the Channel Partner Advisory Council (CPAC), a collection of valued manufacturing representatives, gathered to review the meeting’s key takeaways and strategize for future initiatives.
“The Channel Partner Advisory Council is a great opportunity for vendors to give feedback to the Alliance office on how we can better collaborate to make us all better. The meeting has been very successful in helping the Alliance strategic direction and has helped us become better partners with the Alliance. It’s a true honor for us to be involved with the CPAC and to see the results,” said Joe Bergsieker, vice president sales – program groups for BBB Industries and chairman of CPAC.
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By Counterman
NexaMotion Group (NMG) announced it has opened a new C&M Auto Parts location in Beltsville, Maryland. The new store is located at 6405 Ammendale Road. The company said C&M Auto Parts provides a complete range of automotive aftermarket parts, expertly catering to the diverse needs of repair shops in the local market.
A news release announcing the opening explained that, in collaboration with its sister
link hidden, please login to view company, Transtar Aftermarket Solutions, this facility offers customers a customized product selection that simplifies complex vehicle repairs to keep the world moving. The company said that providing access to both general repair and transmission parts delivers a comprehensive solution for all automotive needs. “Investing in the expansion of our acquired brands helps them grow their footprint,” said Neil Sethi, CEO of
link hidden, please login to view. “This new location for C&M reflects NexaMotion’s strategic vision to proactively grow our markets and deliver unmatched value to our customers,” he said. The post
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By AutoZone
MEMPHIS, Tenn. , Dec. 10, 2024 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today reported net sales of $4.3 billion for its first quarter (12 weeks) ended November 23, 2024 , an increase of 2.1% from the first quarter of fiscal 2024 (12 weeks). Same store sales, or sales for our domestic and
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By APF
When selecting parts for a car repair, it pays to know the differences between original and aftermarket parts. Whenever possible, get estimates for both.
Choosing between original and aftermarket car parts — and even used parts of either type — is all about squaring your priorities with your budget.
You’ll have different options depending on the part and the shop. And the best choice will depend on whether you’re trying to keep repairs cheap, restore your car’s appearance after a wreck or soup up your ride.
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Before we get into that, here are the key differences:
Original equipment manufacturer (OEM) parts match those that came with your car, and are of the same quality as its original parts. They’re also the most expensive. Aftermarket parts are cheaper, and made by other manufacturers — often several, giving you more options. Used parts may have a bit of wear and tear, but should be inspected or rebuilt to ensure they’ll work. These are the cheapest option. Choosing between aftermarket and OEM parts
Your decision will depend on the type of repair and the quality and price of the parts. Always look for parts that come with a warranty, even if they’re OEM, so you’ll be protected in case they fail.
Auto body repairs
Some aftermarket parts may be OK for
link hidden, please login to view, but others won’t be as good, says Michael Calkins, manager of technical services at AAA. “There’s a lot of variation in quality.” For example, he says, aftermarket parts often don’t have the same level of rustproofing as original parts, fit and finish don’t match, or panels don’t align properly. If OEM parts are used in auto body repair, the car should look and work exactly as it did before the damage, because everything will match up. OEM parts are also crash-tested, unlike many aftermarket parts.
Aftermarket parts come at varying price points and levels of quality, but because they are cheaper, insurance companies often prefer them. If you want OEM parts but are dealing with an insurer that wants the shop to use aftermarket parts, ask to pay the difference.
“There’s also the option of used parts, depending on the age of the vehicle,” Calkins says. “It may be cheaper than an aftermarket part but still have all of the original quality.”
Mechanical repairs
A used part, whether it’s OEM or aftermarket, can really save money on repairs under the hood, so long as it’s inspected first and warrantied. And some aftermarket companies reverse-engineer their products to be even better than OEM versions.
For example, many car buffs will tell you that you can get heavy-duty shocks and struts or brake pads that are made of stronger materials. Scan some reviews online, or talk with your mechanic if you’re not sure whether an aftermarket part could be an upgrade.
Adding some extras
If you’d like to modify your ride by adding something like a backup camera or back-seat TV screen, you’ll probably be looking for aftermarket parts. Certain aftermarket upgrades could increase
link hidden, please login to view. This is especially true for improvements like a better sound system or alloy wheels, rather than mechanical repairs. Who provides OEM or aftermarket parts?
The options you’ll have for parts depends on the nature of the repairs and what type of shop you take your car to:
Dealership repair shops will offer only OEM parts — they have no reason to offer a cheaper product from a competitor link hidden, please login to view may be able to offer you a choice between OEM and aftermarket parts Independent garages that specialize in your type of vehicle will likely have both, but with quicker access to OEM parts, including used OEM parts, which can really save you Auto body shops can offer both, but if your collision repair is part of an insurance claim, the insurer will likely prefer aftermarket parts to save money Depending on the job, the cost of OEM versus aftermarket parts varies. Whenever you’re given the choice, ask to see estimates for both so you can weigh your options.
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