HKS USA to switch off

[Dinesh]

http://www.zerotohundred.com/?attachment_id=20223

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.

http://www.zerotohundred.com/?attachment_id=20222

Source: Jalopnik

 

[Kevin Lee]

ouch, another japanese firm bites the dust

 

[K2 stanley]

Hopefully next will come out HKS China so it can keep growing for HKS.

 

[TitanRev]

Why?? what is happening?? Please no~~~~

 

[HBS]

If this trend goes on...this mean the yen:dollar ratio does affected the japs bussiness badly because people in states doesnt spend so much on their modding like it used to back in 2004-2005,where the yen:dollar ratio are at good 120yen range & the introduction of many new performances car on selling....nowadays it seems different as GTR that sell like hot cakes 2 years ago struggle on US market with Nissan predict annual yearly sell only around 30% while the new Z is not that much of success either.

All of this contributed to one thing,that the japs domination on their new performances based car & tuning is no longer relevant as the trends moved toward old JDM car is ever increasing this day,& this also one of the reason of performance tuning part is dropped slightly,& its look like the HKS following the route of Trust/Greddy where their closed their curtain on USA market few years ago with almost the same reason.

 

[xMika]

blame the tree huggers

 

[speed2horizon]

Thx to air filter n ssqv from china.