The Independent Tire Dealers Group LLC (ITDG) surpassed $200 million in total purchases in 2015 for the first time in its 21-year history. The group also ended the year with 100 shareholders, also a record.
“The Independent Tire Dealers Group exceeded $200 million in total purchases through our membership in 42 states. That represents 144 members with 590 plus locations,” says Michael Cox, CEO and president.
Members and shareholders will receive $8 million in volume bonuses and dividends for the year. ITDG has distributed more than $55 million to members and shareholders over the past 10 years.
ITDG’s sister company, the Independent Innovative Captive Insurance Company (IICIC), offers worker’s compensation insurance to ITDG members. Cox says the IICIC finished another tremendous year and will be paying a safety bonus and a dividend to its shareholders.
"We would like to thank all the manufacturers, vendors and distributors who have supported our organization throughout these remarkable growth years. We are excited about the continued growth in the years ahead,” says Cox.
ITDG is one of the largest "Affinity Groups" in the country, originating in Southern California in 1994.
