DOJ, FTC signal support for MEMA Aftermarket suppliers’ petition
The U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) recently submitted support to the U.S. Copyright Office for MEMA Aftermarket Suppliers’ petition for a new exemption to the Digital Millennium Copyright Act (DMCA)’s anti-circumvention provisions. These provisions prohibit bypassing copyright protection systems. MEMA’s proposed exemption would allow consumers to view their vehicle’s
NexaMotion Group opens new Arch Auto Parts store
NexaMotion Group (NMG) announced the opening a new Arch Auto Parts store in Plainview, New York. The new store, opened on March 16 and located at 125 Newtown Road, is the company’s fourth location in Nassau County. The Plainview location is the Arch Auto Parts’ 22nd store and will be the first Arch Auto Parts location
NexaMotion Group announces expansions for Transtar products, C&M Auto Parts locations
NexaMotion Group announced expansions for two of its businesses. Transtar Industries is adding general repair product lines in four new markets: Cleveland and Mentor, OH; Pittsburgh, PA; and its newest location in Dallas, TX. In addition, the company announced that C&M Auto Parts has opened two new locations in the New Jersey market. C&M Auto Parts
Deloitte study: Momentum is slowing for electrification in the U.S.
The 2024 Global Automotive Consumer Study by Deloitte revealed shifting trends in the automotive sector, highlighting the rise in U.S. consumer interest in internal combustion engine (ICE) vehicles and a decline in hybrid and battery electric vehicle (BEV) purchase intent. The report showed a 9% increase in ICE vehicle purchase intent, reaching 67%, while interest in hybrids
ZF Aftermarket introduced more than 770 new parts in 2023
ZF Aftermarket reports that it released more than 770 new parts over the course of 2023. According to ZF, those parts include 115 part numbers for ZF transmission products, including nearly 70 SACHS torque converters, and four different formulations of ZF Lifeguard e-Fluid for hybrid engines. A wide variety of other car and truck parts
Circle D Specialties acquires Reid Racing
Circle D Specialties, a manufacturer of torque converters and driveline components for the automotive aftermarket, has announced the acquisition of Reid Racing, a maker of performance transmission cases and specialty heavy-duty axle components for off-road vehicles. “We see this acquisition as a perfect fit, as we look forward to building upon the top-notch level of
The Alliance promotes JC Washbish to President
The Aftermarket Auto Parts Alliance, Inc.’s Board of Directors has named JC Washbish as president, effective Jan. 1. As president, Washbish will lead the Alliance headquarters office and its executive staff as well as Alliance shareholder membership moving forward. “We look forward to JC’s leadership as he undertakes his new responsibilities as president of the Alliance,”
Transtar Holding Co. acquires Arch Auto Parts
Transtar Holding Co. announced it has acquired Arch Auto Parts, which has 21 locations throughout New York City and surrounding areas. Arch will become part of NexaMotion Group (NMG), a family of automotive aftermarket businesses under Transtar Holding Company. Arch was represented by Schwartz Advisors, and the terms were not disclosed. “Arch Auto Parts aligns perfectly with our
ADD Group honored with awards from Advance Auto Parts, ACDelco
ADD Group announced that the company has been honored with two industry awards: the Best Marketing Excellence from Advance Auto Parts and the APC Overdrive from ACDelco. The Best Marketing Excellence highlights the company’s exceptional marketing services and support that have significantly contributed to its growth and success in 2023. The APC Overdrive recognizes ADD
Nu-Star acquired by Traction Capital
Nu-Star, parent company of PowerPusher, announced that it has been acquired by Traction Capital, a Minnesota-based private equity and venture capital firm. Nu-Star shared with its customers a message of unchanged dedication, saying “we want to assure you that our commitment to providing the highest quality products and exceptional customer service remains unwavering. The Nu-Star
Standard Drivetrain acquires Precision Industries
Standard Drivetrain, LLC, announced that it has acquired Precision Industries. Precision Industries is a Whiteville, Tennessee-based torque converter maker, credited with introducing the multi-clutch performance torque converter, as well as the original one-piece billet back cover. Standard Drivetrain is a driveline performance aftermarket company, led by Rob Boninfante and Chris Miller and formed earlier this
Transtar announces formation of NexaMotion Group
Transtar Holding Company announced the formation of NexaMotion Group. This group will include the automotive aftermarket businesses that serve automotive professionals with parts through distribution and e-commerce solutions, including Transtar Industries, Transend, C&M Auto Parts, King-O-Matic, TransMart, RECON and Pro-King Automotive Products. Transtar Holding Company President and CEO Neil Sethi will lead NexaMotion Group. Transtar said