People love lists, right? I do, anyway. And Newsweek and global researcher Statista have published an interesting one with insights on what’s important to online shoppers. They’ve named 1,000 online shops (websites) the “Best Online Shops 2021.” And yes, there are tire retailers in the mix.
The ongoing investigation of whether passenger and light truck tires imported from South Korea, Taiwan, Thailand and Vietnam are being dumped in the U.S. market for less than fair value definitely won’t be settled in 2020. The Department of Commerce has agreed to a 50-day extension for preliminary determinations.
The challenges of 2020 have been immense, and commercial tire dealers are doing their best to weather the storm. As Bob Berlin, president of Orange, Mass.-based Pete’s Tire Barns Inc., put it, “We’re pretty much flat for the year — and we’re happy.”
Over the past 27 years, those five little words have represented the best of what the tire industry has to offer. The past honorees of Modern Tire Dealer’s award - the oldest and most prestigious of its kind - include men and women who have led their businesses to success, and also steered the whole industry into the future.
Typically the managers from every VIP Tires & Service store gather for an end-of-the-fiscal-year meeting. That meeting couldn’t happen like normal in 2020, but company leaders and employees dropped plenty of inspiration into a couple of videos for the team.
The owners of Virginia Tire & Auto have broken ground on their 18th location — in the midst of a global pandemic — and Julie Holmes tells Modern Tire Dealer the crisis hasn’t affected the scope or timing of this project, and she doesn’t expect it to affect plans for future expansion.
Thousands of tire dealers across North America have turned to no-credit finance providers as a way to reach more customers and capture additional sales at the front counter. And now, with the economy in a constant state of uncertainty thanks to COVID-19, dealers say this service is even more critical.
The latest category of tires that offers year-round consumer convenience also promises to extend and add to one of the most common struggles independent tire dealers face: stocking an even wider assortment of products.
Tire demand around the world was “severely depressed” during the first six months of 2020 - that’s how the Michelin Group put it. And as the industry tries to turn things around in the second half of the year, I thought it would be good to review Michelin’s current take on things.
Sales at Monro Inc. for the first quarter of fiscal year 2021 reflect the effects of COVID-19, with sales in April, May and June dropping 22.1% compared to the previous year. Tires, which account for more than half of the company’s sales, were easily the best performing category, and they were down 14%.
The Specialty Equipment Market Association continues to plan for an in-person 2020 SEMA Show, but organizers also are watching a spike in coronavirus cases in Las Vegas and working on a virtual element to meet the demand of international attendees who may face travel restrictions.
From trucking to manufacturing to construction, Sumitomo Rubber North America Inc. (SRNA) gathered data to paint a picture of the overall commercial sector as a way to calculate how it will affect the tire world. Here are takeaways from three key segments of the industry.
Tire dealers are well-acquainted with the economic impact of COVID-19. Retail sales plummeted after the initial shock from the pandemic, but then began to recover as stimulus checks were deposited into Americans’ bank accounts and stay-at-home orders were eased.
Passenger vehicle miles driven have made a steady comeback from the pit of late March and early April, and Rick Brennan, vice president of strategic planning for Sumitomo Rubber North America Inc., says the data shows passenger travel has recovered 90% of what was lost three months ago.
Consumer behaviors were forced to change when governors and mayors shut down municipalities due to COVID-19, but the latest data from GfK indicates 69% of consumers “will be a lot more cautious” in what they do and how they do it.