Standard Motor (SMP) Widens Offering With 123 Part Launches
Zacks Investment Research | May 22, 2018 09:22PM ET
Standard Motor Products, Inc. (NYSE:SMP) announced the inclusion of 123 new part numbers in its Standard and Intermotor lines. This involves 96 million VIO of 50 product categories, thus expanding the coverage of model-year 2018 of the company.
Further, the Long Island City, NY-based company is continuing with the expansion of its line under Advanced Driver Assistance System (ADAS) categories. This includes 15 Blind Spot Detection Sensors, five Cruise Control Distance Sensors and four Lane Departure System Cameras. With this addition, Standard Motor now offers 100 parts to its customers.
Also, the company is increasing the coverage of its two other technologies namely, variable valve timing (VVT) and EVAP systems. Under the VVT technology, the company added three solenoids and two sprockets to grow its aftermarket-leading VVT coverage. Moreover, under EVAP systems, it added eight components for increasing EVAP coverage to more than 1 million VIO.
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