ITDG has record year, adds three members
The Independent Tire Dealers Group LLC (ITDG) had a record year in 2007 with more than $96 million in gross sales, according to Michael Cox, the group's CEO and president. Cox reports that 2007 started "soft," but the group was able to rebound with "record dividends for our shareholders."
ITDG also added three shareholders last year, including Anaheim (Calif.) Wheel & Tire; Ram Tire of Sepulveda, Calif.; and American Tire Distributors of Las Vegas, Nev., no affiliation with American Tire Distributors Inc.
ITDG has 108 members who represent more than 300 tire and service center locations.
Last year was the fourth consecutive year in which ITDG achieved record sales and stockholder dividends.