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Standard Motor Products Expands Parking Brake Actuator Program

1. SMP expands its Electronic Parking Brake Actuator program significantly. 2. Parking brake actuators are a rapidly growing automotive aftermarket category. 3. New applications include major brands like Ford, Jeep, and Subaru. 4. Products are rigorously tested, ensuring performance and durability. 5. SMP provides distributors with training and marketing materials for growth.

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Why Bullish?

SMP's expansion into a fast-growing market can drive increased sales. Historically, companies that lead in growing segments see stock price benefits.

How important is it?

The article showcases SMP's strategic positioning in a growth segment, likely impacting sales and investor sentiment positively. The automotive aftermarket's expanding needs align with SMP's offerings.

Why Long Term?

SMP's comprehensive coverage and training for distributors indicate sustained growth potential over time. Past expansions in automotive categories often yield long-term revenue gains.

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Key Takeaways Parking brake actuators are safety-critical components, and are one of the fastest-growing categories in the industry Standard® Parking Brake Actuators are 100% new, never remanufactured, and are designed to match OE performance and seamlessly integrate with electronic safety systems Standard's Parking Brake Actuator program is the most comprehensive in the industry, offering coverage for millions of import and domestic vehicles , /PRNewswire/ -- Standard Motor Products, Inc. (SMP) continues to add to its growing Electronic Parking Brake Actuator program. Parking brake actuators are one of the fastest-growing categories in the automotive aftermarket, and Standard® offers industry-leading coverage for import and domestic vehicles. Parking brake actuators are one of the fastest-growing categories in the automotive aftermarket, and Standard® offers industry-leading coverage for import and domestic vehicles. On almost all new vehicles, manually operated cable parking brakes have been replaced by electronic parking brake actuators. These new actuators are also an integral part of electronic safety systems found on today's vehicles. Standard® Parking Brake Actuators are always 100% new, never remanufactured, and are designed to match OE performance and integrate seamlessly with electronic safety systems. Plug and play design means that no additional programming is required during installation, and many Parking Brake Actuators include the necessary O-ring and hardware for a complete repair. Precision engineering ensures long-term durability and performance. Additionally, Standard® subjects each Parking Brake Actuator to rigorous testing in SMP's lab in New York and on actual vehicles at its Testing Center in Texas for durability and optimum performance in all conditions. Standard® has recently introduced new coverage in this category for millions of late-model import and domestic vehicles. New applications include Ford vehicles like the 2023-22 Escape, Bronco Sport and Maverick, as well as 2024-23 Super Duty trucks. Coverage was also added for the 2024-22 Jeep Grand Cherokee and 2024-22 Ram ProMaster, as well as Mercedes-Benz vehicles through 2023 and Subaru vehicles through 2024. Additional new coverage includes popular Mazda, Audi, Volkswagen, and General Motors vehicles. Commenting on the expansion, John Herc, Vice President of Vehicle Control Marketing at SMP, said, "Standard's Parking Brake Actuator program is the most comprehensive in the industry. In addition to industry-leading coverage, we are providing our distribution partners with training, marketing materials and key category insights to help them capitalize on the growth of this category."All Standard® Parking Brake Actuators are listed in the catalog found at StandardBrand.com and in electronic catalog providers.About Standard®Standard® provides unmatched coverage for all import and domestic vehicle applications equipped with gas, hybrid, and electric powertrains. Standard's line offers premium automotive products in multiple product categories for vehicle systems such as electric, safety, fuel, and ignition. Product categories include Ignition Coils, Sensors, Switches, VVT Components, ADAS Products, TMPS Sensors, Fuel Injection and much more. For additional information, contact an SMP® sales representative or visit StandardBrand.com.About SMP With over 100 years in business, Standard Motor Products, Inc. is a leading independent manufacturer and distributor of premium replacement parts in the automotive aftermarket and a custom-engineered solutions provider to vehicle and equipment manufacturers in diverse non-aftermarket end markets.  SMP sells its products primarily to retailers, warehouse distributors, original equipment manufacturers and original equipment service part operations in the United States, Canada, Europe, Asia, Mexico and other Latin America countries. For more information, download the SMP Parts App or visit SMPcorp.com.SOURCE Standard Motor Products, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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