“We are hoping there will be lots of pent-up demand for new tires, so we are building up stocks in regional distribution centers and preparing additional segments and new product launches,” says Sooil Lee, president of Hankook Tire America Corp., as miles driven continue to increase in the U.S.
Modern Tire Dealer is kicking off a new series of interviews with independent tire dealers. We sat down with Rick Benton and Ryan Benton from Black's Tire Service Inc. and asked them questions about issues facing the tire industry. They addressed wholesale distribution, e-commerce and the search for technicians.
Barnwell House of Tires Inc. operates throughout New York City — which has become the epicenter of the COVID-19 pandemic in the United States.
Stay-at-home orders and social distancing rules have led to more utilization of mobile tire installation services in recent months. "I’ve never seen this much excitement” around mobile tire installation, says Joe Flores, co-owner of GoMobile Tires.
“The best advice I can share is to stay on top of your customers' needs, especially during this period of uncertainty and change,” says Brian Sheehey, vice president, marketing, Alliance Tire Americas Inc.
The sale of Les Schwab Tire Centers Inc., one of the country’s largest independent tire dealerships, has been “paused,” Dale Thompson, the company’s chief marketing officer, has told MTD.
What’s the forecast for original equipment truck tire demand? “We anticipate that OE will not start to come back until year-end,” says Walt Weller, senior vice president, China Manufacturers Alliance LLC (CMA), owner of the Double Coin truck tire brand.
When will replacement commercial truck tire demand start to return? Jinki Shin, sales manager for Kumho Tire USA Inc., says it could happen as early as next month. In this interview, Shin discusses Kumho’s truck tire inventory strategy, shipment projections and more.
The U.S. truck tire market looked much different at the end of last year than it does now. Through the end of 2019, 18.7 million medium truck tires had been shipped through the replacement downward trajectory, but numbers were still at respectable levels. And tonnage was increasing, albeit slightly. Then, not too long later, COVID-19 hit. And to say that things have not been the same since is an understatement.
Demand for truck tires could begin to pick up during the third quarter, says Manny Cicero, CEO of Triangle Tire USA. In this interview, Cicero provides an update on Triangle’s truck tire business in North America, the company’s supply position and more.