Has the winter tire market been hurt by the growing all-weather segment and four-wheel-drive capabilities of crossover and sport utility vehicles? Not at all, say tire manufacturers, marketers and distributors.
Payment plans for automotive repairs are turning new customers into repeat customers for Mac Wheels and Tires LLC. The installment loan options engage a new consumer market for the Salt Lake City dealership.
Equipment rentals and equipment connectivity are playing dominant roles in the trends shaping the small OTR tire market. Manufacturers see brisk sales, and expect demand to continue for the foreseeable future.
The dealerships on the 2019 Modern Tire Dealer 100 did a lot of buying and building in the last 12 months to strengthen their market positions in a consolidating industry. More transactions and projects are in the pipeline.
In its roundup of credit options for tire retailers, Modern Tire Dealer reached out to American First Finance (AFF), which offers both installment loan programs and lease-to-own (LTO) programs. Here's an overview of AFF's options.
Consumers expect to see a variety of payment options available wherever they shop, and their local tire store is no exception. One way to open up a tire store to more tire buyers is to offer affordable monthly payment plans that do not rely solely on a credit score for approval.
Lease-to-own (LTO) agreements give tire dealers the ability to offer a payment option for consumers who may not qualify for or do not want traditional financing. Here are 8 questions to ask when choosing an LTO payment program.