While the latest high-tech amenities are adding numerous safety, comfort and convenience benefits to a vehicle, they also are creating more battery-related issues for vehicle owners.
Warehouse clubs sell a lot of tires. In 2017 they sold 18.3 million passenger tires, which accounted for 9% of the retail tire sales in the U.S.
They are the third largest retail distribution channel behind independent tire dealers (61.5%), and mass merchandisers (11.5%). They are actually tied with car dealerships at 9% of the market.
They probably won’t be next year. The recent announcement that Wal-Mart Stores Inc. was closing 63 Sam’s Club outlets will impact overall market share.
Here’s the breakdown. Based on the 2017 numbers, the 1,399 warehouse clubs sold close to 18.3 million passenger tires. That’s 13,100 tires per store per year.
Multiply 13,100 by 63 and you get 825,300 tires. Subtract that total from 18.3 million and you get 17.4 million tires. Finally, divide that by the 208.3 million replacement passenger tires sold in 2017 and you get 8.5% market share.
With car dealerships trending upward – they have doubled their market share in the last 10 years – it looks like warehouse clubs will drop to fourth by the end of 2018 (unless, of course, Walmart is not done reducing the number of Sam’s Club outlets, which stands at 597).
With some 825,000 tires up for grabs, who will pick up the slack?
For additional analysis of tire distribution channels in the U.S., check out the digital version of Modern Tire Dealer’s 2018 January Facts Issue.
Yokohama Tire Corp. is once again taking its dealer training program on the road. The 2018 experiential Ride and Drive Dealer Training Program kicks off with a multi-city tour May 22 in Anaheim, Calif.
Tenneco Inc. has launched an extensive print and digital advertising campaign called “If It Doesn’t Say Monroe” which highlights the quality, performance and value benefits of the Monroe brand of ride control products.
The joining of Goodyear Tire & Rubber Co. and Bridgestone Americas Inc. in the form of TireHub LLC is a potentially momentous move with far-reaching consequences. It also might be much ado about nothing.
Dealer Tire LLC continues to evolve as one of the largest tire wholesalers in the U.S. Its recent investment in Simple Tire LLC, dba SimpleTire.com, is one sign of that.
A couple of years ago, one of the consumer magazines compared the cars of 1991 to the cars of 2016 and listed the top 15 automotive milestones over that 25-year period. Hybrid technology, stability control and GPS satellite navigation were the top three in order and amazingly enough, tire pressure monitoring systems (TPMS) was number nine. The list was a mix of mechanical and driver-related innovations that made cars better, safer, efficient and more convenient.
The new Terra Trac CH4 from Hercules Tire & Rubber Co. is an all-season commercial highway tire for cargo vans and light trucks.
CEMB USA/BL Systems Inc.'s new wheel balancer is designed to complete the balancing process on the car at more than 45% less investment cost than other radial force vectoring (RFV) wheel balancers.
Bridgestone Retail Operations LLC (BSRO) is working to build customer trust by highlighting the expertise and passion of its technicians in a new advertising campaign.
Continental has expanded its OE-replacement TPMS sensor program with a new VDO rubber snap-in TPMS sensor specifically designed for late model applications on Chrysler, Dodge, and Jeep vehicles, including the Jeep Grand Cherokee.
Since the start of 2018 TBC Corp. has opened eight new NTB Tire and Service Centers and Tire Kingdom stores. The company plans to open another 20 locations by April 1, 2019.
Cooper Tire & Rubber Co. has the best manufacturing website, at least in the eyes of the Internet Advertising Competition (IAC). And it has the award to prove it.
Balkrishna Industries Ltd. (BKT) is making sure The Tire Cologne is more than a consumer tire show.
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The Mavis Tire Supply Corp. footprint keeps getting larger. On the heels of its purchase of five Hill Tire Centers in South Carolina, Mavis has picked up six Dekalb Tire & Automotive Service locations in Georgia.