Motorcar Parts of America Receives Vendor of the Year Award From XL Parts

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has received XL Parts’ Vendor of the Year award at the automotive distributor’s annual open house recently held in Houston, Texas.

“Customer service is a daily point of focus throughout our company, and we are gratified to be recognized by this leading warehouse distributor for our team's commitment and contributions. We look forward to continued success and additional opportunities to support XL Parts,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America.

“In product lines supplied by Motorcar Parts of America, XL Parts achieved year-over-year growth -- supported by 97 percent fill rates. MPA has been an important asset to our ongoing success and a distinguished partner, and we are pleased to present Motorcar Parts of America with the 2019 Vendor of the Year award,” said Esperanza Izquierdo, vice president of merchandising of XL Parts.

“This award highlights the commitment of our entire team, and we are proud to be recognized by XL Parts for our value-added services and dedication,” said Rick Mochulsky, senior vice president of sales and marketing for Motorcar Parts of America.

About XL Parts

XL Parts is one of the fastest growing Direct-to-the-Installer automotive parts distributers in the country -- offering more than 120,000-part numbers from industry leading suppliers that offer national and original equipment brands. XL Parts currently provides industry leading customer service to its installer customers in the Houston, Dallas/Ft. Worth, San Antonio, Oklahoma City and Louisiana markets. Additional information is available at www.xlparts.com.

About Motorcar Parts of America, Inc.

Motorcar Parts of America, Inc. is a remanufacturer, manufacturer and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearing and hub assemblies, brake calipers, brake master cylinders, brake power boosters, rotors, brake pads and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications. In addition, the company designs and manufactures test solutions for performance, endurance and production testing of electric motors, inverters, alternators, starters, and belt starter generators for the OE, aerospace 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 New York, California, Mexico, Malaysia, China and India, 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 2019 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.