Motorcar Parts of America Inc. on Monday said its fiscal third quarter profit jumped a better-than-expected 75 percent as car owners continue to buy the company’s remanufactured parts for their older vehicles.

The Torrance remanufacturer of alternators and starters for cars and light trucks reported net income of $3.8 million (30 cents per share), compared with $2.1 million (18 cents) a year earlier. Net sales rose more than 13 percent to $41.3 million.

The Wall Street consensus was for per-share profit of 23 cents on revenue of $38.3 million.

Chief Executive Selwyn Joffe said in an interview that the average age of vehicles on the road is more than 10 years old.

“People are simply holding on to their vehicles lower and making necessary repairs,” he said. Joffe added that the pending acquisition Fenwick Automotive Products, a Toronto-based maker of brakes and steering systems, will further expand the product line.

Shares closed up 27 cents, or 1.8 percent, to $14.80 on the Nasdaq