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Dealers are optimistic about sales increases for the next three months
July 13, 2015

Dealers are optimistic about sales increases for the next three months  

According to the results of our survey, demand for replacement tires increased in May. From a volume standpoint, the dealers reported they sold 0.3% more tires in May on a year-over-year basis, following a 0.2% increase in April and a 0.3% decrease in March. We are encouraged by the fact that demand trends remain positive after the sharp decline witnessed in February.

Tags: Nick Mitchell, Your Marketplace

Lower gas prices should lead to decent volume growth in 2015
June 30, 2015

Lower gas prices should lead to decent volume growth in 2015  

According to the results of our survey, demand for replacement tires increased slightly in April, which is consistent with the trends recorded in March. We are encouraged by the fact that demand trends have remained positive for two straight months following the sharp decline witnessed in February.

Tags: Nick Mitchell, Your Marketplace

Strong traffic trends benefited repair departments
June 3, 2015

Strong traffic trends benefited repair departments  

According to the results of our survey, demand for replacement tires increased slightly in March. Indeed, from a volume standpoint the dealers reported they sold 0.3% more tires In March on a year-over-year basis, following a 0.7% decrease in February and a 0.1% increase in January.

Tags: Nick Mitchell, Your Marketplace

Higher average service tickets more than offset weak traffic trends
April 14, 2015

Higher average service tickets more than offset weak traffic trends  

According to the results of our survey, demand for replacement tires was down slightly in February. From a volume standpoint, the dealers reported they sold 0.7% fewer tires last month on a year-over-year basis, following a 0.1% increase in January and a 0.7% increase in December.

Tags: Nick Mitchell, Northcoast Research Holdings, Your Marketplace

Reacting to tariffs, manufacturers increase pricing on value tires
March 23, 2015

Reacting to tariffs, manufacturers increase pricing on value tires  

According to the results of our survey, demand for replacement tires was flat in January. Indeed, from a volume standpoint the dealers reported they only sold 0.1% more tires in January on a year-over-year basis, following a 0.7% increase in December and a 0.9% increase in November.

Tags: MTD survey, Nick Mitchell, Your Marketplace

Dealers’ tire volumes were pressured due to warm weather and lack of snowfall
February 12, 2015

Dealers’ tire volumes were pressured due to warm weather and lack of snowfall  

According to the results of our survey, demand for replacement tires remained encouraging in December. Indeed, from a volume standpoint the dealers reported they sold 0.7% more tires in December on a year-over-year basis, following a 0.9% increase in November and a 0.8% increase in October.

Tags: Nick Mitchell, Northcoast Research Holdings, Tire volumes, Your Marketplace

Volume trends have remained positive for 10 consecutive months
February 5, 2015

Volume trends have remained positive for 10 consecutive months  

With the year quickly coming to an end, we were pleased to hear that dealers reported selling more tires in November compared to the previous year’s period despite the fact that consumers were being pulled in different directions as the demand of the holiday shopping season intensified.

Tags: Nick Mitchell, Northcoast Research Holdings, Your Marketplace

Pent-up demand should lead to decent volumes throughout the selling season
December 15, 2014

Pent-up demand should lead to decent volumes throughout the selling season  

According to the results of our survey, demand for replacement tires remained somewhat encouraging in October. Indeed, from a volume standpoint the dealers reported that they sold 0.8% more tires last month on a year-over-year basis, following a 1.2% increase in September and a 0.1% increase in August.

Tags: Nick Mitchell, Northcoast Research, Northcoast Research Holdings, Your Marketplace

Volume trends remained positive for eighth consecutive month
November 7, 2014

Volume trends remained positive for eighth consecutive month  

According to the results of our survey, demand for replacement tires remained somewhat encouraging in September. Indeed, from a volume standpoint the dealers reported that they sold 1.2% more tires last month on a year-over-year basis, following a 0.1% increase in August and a 0.4% increase in July.

Tags: Nick Mitchell, Your Marketplace

Healthy sales trends continued for manufacturer-branded tires
October 21, 2014

Healthy sales trends continued for manufacturer-branded tires  

According to the results of our survey, demand for replacement tires remained somewhat encouraging in August. Indeed, from a volume standpoint, the dealers reported that they sold 0.1% more tires last month on a year-over-year basis, following a 0.4% increase in July and a 0.7% increase in June.

Tags: Nick Mitchell, Your Marketplace

Prices were roughly flat on both premium and value brand tires
October 13, 2014

Prices were roughly flat on both premium and value brand tires  

According to the results of our survey, demand for replacement tires remained healthy in July. Indeed, from a volume standpoint the dealers reported that they sold 0.4% more tires last month on a year-over-year basis, following a 0.7% increase in June and a 1.3% increase in May.

Tags: Nick Mitchell, Your Marketplace

Consumers are spending money on deferred tire and service purchases
August 19, 2014

Consumers are spending money on deferred tire and service purchases  

According to the results of our survey, demand for replacement tires remained healthy in June. From a volume standpoint the dealers reported that they sold 0.7% more tires last month on a year-over-year basis, following a 1.3% increase in May and a 1.3% increase in April.

Tags: Nick Mitchell, Your Marketplace

Dealers report sales gains year-over-year
June 18, 2014

Dealers report sales gains year-over-year  

According to the results of our survey, demand for replacement tires remained strong in April. Indeed, from a volume standpoint, the dealers reported that they sold 1.3% more tires in April on a year-over-year basis, following a 0.1% increase in March and a 0.6% increase in Februar

Tags: Nick Mitchell, Your Marketplace

Consumer demand should remain solid in the coming months
May 30, 2014

Consumer demand should remain solid in the coming months  

According to the results of our survey, demand for replacement tires remained firm in March. Indeed, from a volume standpoint the dealers reported that they sold 0.1% more tires last month on a year-over-year basis, following a 0.6% increase in February and a 0.6% decline in January

Tags: Nick Mitchell, Your Marketplace

Consumer demand should remain healthy in the coming months
April 29, 2014

Consumer demand should remain healthy in the coming months  

According to the results of our survey, demand for replacement tires business snapped back in February, after encountering a bit of speed bump in January. In fact, the dealers in our sample reported that they sold 0.6% more tires last month on a year-over-year basis, following the 0.6% decline reported in January, which we believe was largely a reflection of the days that dealers lost on account of the inclement weather conditions this year.

Tags: Nick Mitchell, Your Marketplace

Underlying consumer demand for tires remains healthy
March 27, 2014

Underlying consumer demand for tires remains healthy  

You can’t get too much of a good thing, or so the saying goes. However, it appears that is exactly what happened to many tire dealers in January as the harsh winter weather actually pressured tire sales in parts of the country.

Tags: Nick Mitchell, Your Marketplace

Wintry weather contributes to gains in tire, service sales across the industry
February 10, 2014

Wintry weather contributes to gains in tire, service sales across the industry  

In what has become a recurring theme in recent months, dealers noted that Mother Nature helped drive strong sales trends across much of the industry in December. In fact, after three straight months of dealers reporting strong volume gains there is no doubt that the increased amount of snowfall in many markets has played a big part in the recent surge in tire demand across the industry.

Dealers report strongest volume growth in more than a year
February 4, 2014

Dealers report strongest volume growth in more than a year  

While October was a big month for the tire industry, it appears that November was even better thanks in large part to Mother Nature.

Tags: Nick Mitchell, Northcoast Research Holdings, Your Marketplace

Consensus sentiment calls for a 1% to 3% volume increase at retail
January 3, 2014

Consensus sentiment calls for a 1% to 3% volume increase at retail  

According to our survey results, October was a big month for the tire industry as dealers reported the strongest volume growth that we have seen in more than a year. Additional commentary from dealers suggests that the cohort of consumers that had delayed big-ticket purchases during the run-up to the government shutdown at the end of September returned to the market late last month.

Dealers report two consecutive months of year-over-year sales increases
November 4, 2013

Dealers report two consecutive months of year-over-year sales increases  

While most of the tire industry is getting ready for the Specialty Equipment Market Association (SEMA) Show, our survey indicates that dealers haven’t taken their eye off of the prize as the respondents in our study noted that demand improved in September.

Tags: John Healy, Nick Mitchell, Your Marketplace

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