After nearly 30 years of operations in the United States, the American arm of HKS, HKS USA, will be ceasing its US operations and will transfer over all operational duties back to Japan.
In a letter sent out to all its dealers and vendors, the company explains that the move stems from poor market conditions, slow economic recovery, a shrinking market, the weakening US Dollar and the natural disaster in Japan.
HKS itself will continue to sell parts to the US but as mentioned, all operational duties for that will be shifted back to its main company, HKS Co. in Japan while HKS USA shuts down.
This can’t be good news for the industry as the US has been one of the biggest markets for aftermarket performance parts, for HKS and other companies alike. If the reasons stated are true, then the shrinking market could be a foreshadowing of things to come in other places.
Hopefully, that won’t be the case and HKS, as well as other aftermarket companies, will continue to thrive and provide for performance parts second to none for our machines.