Allpart Supply Inc. has opened a training facility in Arlington, Texas, for wheel balancing and automotive lift owners and operators.
At the 2016 Specialty Equipment Market Association (SEMA) Show, the tough market environment was on the minds of commercial tire dealers and manufacturers. The good news is there's an expectation for a turnaround in the first half of 2017.
Nick Mitchell, senior vice president of research for Northcoast Research Holdings LLC and Modern Tire Dealer columnist, says dealers and manufacturers both talked about the challenging operating environment in recent months. They pointed to a pair of factors:
Mitchell says, "The former is pressuring margins, especially on product that is imported from China in light of the fact that cash deposit rates of around 30% are being applied to all imports (preliminary AD/CVD tariffs total about 50%).
"That said, most contacts expect pricing to firm materially in late first quarter of 2017 or early second quarter of 2017, as many (SEMA Show) attendees noted that the global market needs the TBR capacity that is in China given the fact that there is not enough production output in the rest of the world to fill the gap."
Off-the-road (OTR) tire dealers who are focusing their business mainly on large mining tires may be missing opportunities in the small OTR tire segments, Bruce Besancon told dealers at the Tire Industry Association (TIA) OTR Conference in Oahu last week.
Colleen Horn Doyle, a fourth-generation member of the McCarthy family, is the new corporate attorney for McCarthy Tire Service Inc.
TP Commercial Solutions LLC has announced it will raise pricing on all Pirelli and Formula brand truck, bus, ag/farm and OTR tires sold in the U.S.
Tire Factory Inc. members have rebranded the vast majority of their 206 stores to the Point S banner at a breakneck pace. And leaders of the Oregon-based cooperative are unveiling new programs with two big hopes: the momentum of current members continues, and more independent tire dealers join their network.
Cooper Tire & Rubber Co. posted net income of $69.3 million on net sales of $783.9 million for its fourth quarter ended Dec. 31, 2016. That compares to income of $59.2 million on sales of $775.5 million for the same period in 2015.
Yokohama Tire Corp. will introduce an off-the-road (OTR) radial all-weather tire at ConExpo in Las Vegas, March 7-11, 2017. The new The MYX S01 will be displayed in booth #C22231.
The Mid-America Tire Dealers Association (MATDA) has joined the social media content platform developed by the Tire Industry Association (TIA) and the Automotive Marketing Foundation (AMF).
Toyo Tire & Rubber Co. Ltd. reported a net loss of 12.3 billion yen on net sales of 381.6 billion yen for its fiscal year ended Dec. 31, 2016. That compares to net income of 1.6 billion yen on net sales of 407.8 billion yen for fiscal 2015.
The 2017 Off-the-Road (OTR) Tire Conference has begun! Hosted by the Tire Industry Association (TIA) at the Turtle Bay Resort in Oahu, Hawaii, the conference will run through Saturday, Feb. 18.
Stellar Industries Inc. is purchasing the assets of American Crane Inc. (ACI) and Tire Trucks International (TTI).
Toyo Tire U.S.A. Corp. has expanded the size offerings of two commercial tires, the Toyo M920 drive tire, and the Toyo M149 Super Single.
Giti Tire (USA) Ltd. will increase prices on GT Radial brand tires in the U.S. and Canada, effective April 1, 2017.
Valentine's Day 2017 is gone but not forgotten. It's time for commercial tire dealers to get some love.
Trelleborg Wheel Systems will unveil a new tire size in its TM3000 range for spreader applications at agricultural trade shows in the U.S. and France in February.