BTS Tire & Wheel Distributors, the wholesale distribution branch of Whiteville, N.C.-based Black’s Tire Service Inc., says more than 700 dealers attended its all-virtual dealer conference, which was held March 4-6.
Point S tire dealers in the U.S. had their best year ever in 2020. They sold 19% more tire units than the previous year and increased their overall sales by 20%. The cooperative added a record number of stores, expanded into five new states and bought its second wholesale operation in two years.
The Tire Industry Association (TIA) will kick off the week of the 2021 Specialty Equipment Market Association (SEMA) Show and Global Tire Expo with a TopGolf government affairs benefit, tire industry honors and annual meeting luncheon, plus the belated celebration of TIA's centennial.
As a combined company, Goodyear Tire & Rubber Co. and Cooper Tire & Rubber Co. represent 200 million tires sold, annual revenues of $17.5 billion and a business that would be 80% focused on the replacement tire business.
Sumitomo Rubber Industries Ltd. plans to invest $122 million to increase daily production capacity from 8,250 tires to 14,300 tires for passenger cars, light trucks and medium trucks at its plant near Buffalo, N.Y.
It used to be that flashy sports cars ruled the ultra-high performance (UHP) tire market. But the market has also expanded as the car parc has changed. With more vehicles tuned with more performance-focused features, tiremakers have followed suit with more complex tires. The result is a healthy UHP tire market — one dealers can't afford to ignore.
Former TBC Corp. President, CEO and Chairman Larry Day has died. Day, who joined TBC in 1998 and retired from the company in 2014, "led TBC to much success and growth during his tenure," says Erik Olsen, TBC's current president and CEO.