MOTORCAR PARTS OF AMERICA Business Summary

Motorcar Parts of America Inc. (MPAA) operates as a leading remanufacturer and distributor of non-discretionary automotive aftermarket parts, generating revenue through high-volume transactional sales to major retail chains and warehouse distributors across North America. The company’s business is organized into three primary segments: Hard Parts (comprising rotating electrical products like alternators and starters, wheel hub assemblies, and brake-related components), Test Solutions and Diagnostic Equipment (providing high-margin EV and combustion engine testing tools), and Heavy Duty (serving industrial and marine applications). MPAA maintains a dominant market position by leveraging a vertically integrated global supply chain and a robust core-return program that secures raw materials for remanufacturing. Its primary direct competitors include Standard Motor Products, Dorman Products, and BBB Industries; within this landscape, MPAA distinguishes itself through its significant market share in the rotating electrical category and its strategic expansion into electric vehicle diagnostic technologies. Founded in 1968 by Mel Marks, the company is currently led by Selwyn Joffe, who has served as Chairman, President, and CEO since 1999. Joffe, a CPA with degrees in business and law from Emory University, previously held leadership roles at the Wolfgang Puck Food Company and Netlock Technologies. He is supported by Chief Financial Officer David Lee, who oversees the firm’s financial operations and recent initiatives in debt reduction and share repurchases. The executive team is further supported by Gary Maier, Vice President of Corporate Communications and Investor Relations. MPAA’s ownership is characterized by strong institutional backing from 325 Capital LLC, BlackRock, and The Vanguard Group, while the Board of Directors oversees a strategic pivot toward high-margin diagnostic technologies and the optimization of its global manufacturing footprint in Mexico and Malaysia.