MOTORCAR PARTS OF AMERICA INC

MOTORCAR PARTS OF AMERICA INC is a leading supplier of automotive aftermarket non-discretionary replacement parts and test solutions and diagnostic equipment. The company operates within the $130 billion North American automotive aftermarket for replacement hard parts. Its hard parts products include light-duty rotating electrical products and brake-related products. The company expanded its offerings through acquisitions: D&V Electronics Ltd. in July 2017 and Mechanical Power Conversion, LLC in December 2018 added test solutions and diagnostic equipment. The January 2019 acquisition of Dixie Electric, Ltd. added heavy-duty rotating electrical products. MOTORCAR PARTS OF AMERICA INC distributes its products to both the do-it-yourself (DIY) market, serviced by large retail chain outlets and online resellers, and the do-it-for-me (DIFM) professional installer market, serviced by traditional warehouse distributors, dealer networks, and commercial divisions of retail chains. Demand for replacement parts is generally influenced by the age of vehicles and miles driven. The U.S. light-duty vehicle population is approximately 296 million, with an average age of approximately 13 years, which is expected to continue to grow. Miles driven have generally been increasing for several years, despite potential fluctuations due to factors like fuel prices.