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Standard Motor Products Inc.  (SMP)
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Standard Motor Products Inc's

Competitiveness


 

SMP Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Standard Motor Products Inc reported Total Revenue increase in the 2 quarter 2022 by 5.07 % year on year.
The revenue growth was below Standard Motor Products Inc's competitors average revenue growth of 7.54 %, recorded in the same quarter.

List of SMP Competitors

With net margin of 5.35 % company reported lower profitability than its competitors.

More on SMP Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Standard Motor Products Inc. Net Income in 2 quarter 2022 declined year on year by -29.27 %, faster than the decline experianced by the competitors of -1.25 %.

<<  More on SMP Income Comparisons


Standard Motor Products Inc's Comment on Competitors and Industry Peers


We are a leading independent manufacturer and distributor of replacement parts for product lines in Engine Management and Temperature Control. We compete primarily on the basis of product quality, product availability, value-added services, product coverage, order turn-around time, order fill rate, technical support and price. We believe we differentiate ourselves from our competitors primarily through:

a value-added, knowledgeable sales force;
extensive product coverage in conjunction with market leading brands;
rigorous product qualification standards to ensure that our parts meet or exceed exacting performance specifications;
sophisticated parts cataloguing systems;
inventory levels and logistical systems sufficient to meet the rapid delivery requirements of customers;
breadth of manufacturing capabilities; and
award-winning marketing and sales support and technical training.


In the Engine Management business, we are one of the leading independent manufacturers and distributors in the United States. Our competitors include ACDelco, Delphi Automotive PLC, Denso Corporation, Continental AG, Hitachi, Ltd., Motorcraft, Robert Bosch GmbH, Visteon Corporation, NGK Spark Plug Co., Ltd., General Cable Corporation, Dorman Products, Inc. and several privately-owned companies importing products from Asia.

Our Temperature Control business is one of the leading independent manufacturers and distributors of a full line of temperature control products in North America and other geographic areas. ACDelco, Delphi Automotive PLC, Denso Corporation, Motorcraft, Sanden International, Inc., Continental AG, and several privately-owned companies are some of our key competitors in this market.

The automotive aftermarket is highly competitive, and we face substantial competition in all markets that we serve. Our success in the marketplace continues to depend on our ability to offer competitive prices, improved products, superior value-added services and expanded offerings in competition with many other suppliers to the aftermarket. Some of our competitors may have greater financial, marketing and other resources than we do. In addition, we face competition from automobile manufacturers who supply many of the replacement parts sold by us, although these manufacturers generally supply parts only for cars they produce through OE dealerships.





  

Overall company Market Share Q2 2022

Revenue in Overall company grew by 5.07 %, less than Standard Motor Products Inc. peers within this division.
<<  More on SMP Market Share.
 
*Market share is calculated based on total revenue.


SMP's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Standard Motor Products Inc. SMP 723.31 1,362.00 81.00 3,400
Allison Transmission Holdings Inc. ALSN 3,269 2,552.00 463.00 2,700
Autonation Inc. AN 5,919 26,583.80 1,487.20 24,000
Aptiv Plc APTV 21,189 16,023.00 161.00 151,000
Autozone Inc AZO 43,725 15,817.36 2,405.33 100,000
Borgwarner Inc. BWA 7,473 14,704.00 726.00 29,000
Cummins Inc. CMI 28,898 24,789.00 2,071.00 59,720
Dana Inc. DAN 1,642 9,543.00 109.00 22,600
Dorman Products Inc. DORM 2,590 1,565.60 140.30 1,846
Dover Corp DOV 16,866 8,218.12 2,541.60 23,000
Eaton Corporation Plc ETN 53,437 20,549.00 2,315.00 95,250
Franklin Electric Co. Inc. FELE 3,850 1,894.15 177.33 5,200
Corning Inc GLW 24,755 14,586.00 2,023.00 50,110
Genuine Parts Co GPC 21,249 20,519.11 1,102.95 55,000
Hollysys Automation Technologies Ltd HOLI 1,052 554.75 89.34 3,600
Honeywell International Inc HON 114,429 34,459.00 5,112.00 105,500
Idex Corp IEX 15,209 2,974.02 512.45 7,439
Itt Inc. ITT 5,449 2,834.50 345.40 9,400
Carmax Inc. KMX 10,578 33,670.88 807.44 27,050
Lydall Inc LDL 1,116 807.08 -9.43 2,100
Motorcar Parts America Inc MPAA 291 665.26 6.33 2,663
O Reilly Automotive Inc ORLY 46,200 13,737.81 2,136.27 82,167
Tenneco Inc TEN 1,454 18,035.00 -127.00 30,000
Gentherm Incorporated THRM 1,662 1,019.98 54.55 10,098
Telkonet Inc. TKOI 8 7.21 -0.83 49
Unique Fabricating Inc. UFAB 6 130.32 -14.67 734
Visteon Corp VC 2,995 3,083.00 88.00 25,500
Advanced Drainage Systems Inc. WMS 10,495 3,014.20 386.39 4,615
SUBTOTAL 446,529.62 293,699.58 25,190.38 933,741
       
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