The Independent Tire Dealers Group LLC (ITDG) set records for new members, shareholders, member purchases and volume bonus and dividend payments in 2013.
“We are very excited about the growth of the Group in 2013,” says Michael Cox, CEO and president.
“We had 22 new dealers join the Group representing 101 total locations in 16 different states. We are now represented in 34 states with 500 plus locations and are continuing to expand our footprint. This growth is a testament to the viability and acceptance of our program."
Cox says ITDG had a record year for member purchases, new shareholders (12) for a total of 90, and volume bonus and dividend payments, which totaled over $7 million.
In addition, the exclusive Diamondback PLT line continued to grow and complement ITDG’s offerings. “It is helping fuel future growth of the group when combined with our other programs," says Cox.
"2013 was a great springboard for the Independent Tire Dealers Group heading into 2014, the 20th anniversary of the organization founded in Southern California in 1994."
ITDG is comprised of over 500 plus points of sale in 34 states. Group offices are located in Tequesta, Fla.
Bob Ulrich was named Modern Tire Dealer editor in August 2000. He joined the magazine in 1985 as assistant editor, and has been responsible for gathering statistical information for MTD's "Facts Issue" since 1993.