LOS ANGELES, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced the expansion of its automotive aftermarket product offerings with the planned introduction of a premium line of brake rotors and brake pads at the upcoming AAPEX trade show in Las Vegas on October 30, 2018.
“The introduction of brake rotors and brake pads complements our current braking system product offerings and is consistent with our growth strategy within high-growth, non-discretionary aftermarket categories,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America, Inc.
“We are committed to providing our customers with a comprehensive premium line of brake components, supported by a wide-range of value-added services that distinguish Motorcar Parts of America. We look forward to sales of these products in 2019,” Joffe added.
Industry sources estimate the aftermarket size today for the brake rotor category in the United States is approximately $3.0 billion at the retail level. The brake pad aftermarket size in United States is estimated to be more than $4.0 billion at retail.
About Motorcar Parts of America
Motorcar Parts of America, Inc. is a remanufacturer, manufacturer and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearing and hub assemblies, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications. In addition, the company designs and manufactures test equipment for performance, endurance and production testing of alternators, starters, electric motors, inverters and belt starter generators for both the OE and aftermarket. Motorcar Parts of America’s products are sold to automotive retail outlets and the professional repair market throughout the United States and Canada, with facilities located in California, Mexico, Malaysia and China, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia and Canada. Additional information is available at www.motorcarparts.com.
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company’s current expectations and beliefs concerning future developments and their potential effects on the company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors. Reference is also made to the Risk Factors set forth in the company’s Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2018 and in its Forms 10-Q filed with the SEC for additional risks and uncertainties facing the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.
Gary S. Maier
Source: Motorcar Parts of America, Inc.