Tire dealerships on the 2018 Modern Tire Dealer 100 have found a way to battle online tire sales, shrinking tire margins and a tight labor market: by investing in brick-and-mortar locations.
Sean Moore has been appointed director of government affairs for the U.S. Tire Manufacturers Association (USTMA).
Bridgestone Americas Inc. has named Joseph Saoud president ot Bridgestone Americas Tire Operations Latin America.
Our recent discussions with dealers leave us with a view that sell-out trends improved in May versus the prior year’s period, re-accelerating from year-over-year contractions early in the year. While always somewhat subjective, we note commentary from installers was at the highest level since October 2017. From a volume standpoint, surveyed dealers reported they saw unit sales volumes up nearly 2% relative to the previous year’s period.
Ford Motor Co. has added 136 part numbers to its Omnicraft brand of coated brake rotors and drums for non-Ford/Lincoln vehicle repairs.
Bridgestone Corp. posted net sales of 1.77 trillion yen for the first six months of 2018. That compares to sales of 1.74 trillion yen for the same period in fiscal 2017.
Hankook Tire Corp. Ltd. posted net sales of 1.7 trillion won for the second quarter ended June 30, 2018. That compares to sales of 1.66 trillion won for the same period in fiscal 2017.
Versatile Credit Inc. has added the EasyPay Finance option to its list of platform offerings. The "second look" option focuses on offering financing solutions to the automotive market.
Pirelli & Cie SpA has found a way to compete in the 36th America's Cup. Pirelli and Prada SpA will co-sponsor the Luna Rossa Challenge team in the sailing competition.
Michelin North America Inc. is expanding the use of two of its most popular passenger and light truck tire lines from BFGoodrich to fitments for police vehicles.
With the recent combination of private equity-owned Mavis Tire Supply Corp. and Express Oil Change & Tire Engineers (Express Oil Change LLC), it’s a good time for tire dealers to understand how private equity plays the acquisition game differently than strategic acquirers like Monro Inc.
Success in its Tire Business unit partially offset overall decreases in Toyo Tire & Rubber Co. Ltd.'s sales and operating income in the first half of fiscal 2018.
Yokohama Rubber Co. Ltd. reported net income of 17.8 billion yen on net sales of 309.7 billion yen for the half year ended June 30, 2018. That compares to income of 15.0 billion yen on sales of 304.2 billion yen for the first half of 2016.
Bridgestone Americas Inc. reports Taylor Vernier has joined the company as director of marketing and merchandising for the GCR Tires & Service (GCR) business.
Bridgestone Americas Inc. has expanded its Firestone commercial truck tire portfolio with the launch of the Firestone FD711 drive tire.
Yokohama Rubber Co. Ltd. terminated its technology tie-ups with Kumho Tire Co. Inc., effective July 6, 2018.
American Tire Distributors Inc. (ATD) has launched a $1 million ad campaign highlighting the work of its Tire Pros franchisees. The message is hassle-free customer service.
Auto Profit Masters LLC (APM) has introduced a cloud-based shop management system called Shop 4D that uses artificial intelligence (AI) to run repair shops.
Thanks to the tires produced at its Des Moines, Iowa, agricultural tire manufacturing plant, Bridgestone Americas Inc. has reached the "Platinum Level" at Caterpillar for the second consecutive year.
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