Monro Will Accept Wex Fleet Cards
The 1,100-plus Monro Inc. locations in the U.S. will accept Wex Inc. fleet cards for payment. Those cards are used by 11.5 million vehicles.
Bridgestone Posts Flat Results in North America in 1H
Bridgestone Corp. posted net sales of 1.77 trillion yen for the first six months of 2018. That compares to sales of 1.74 trillion yen for the same period in fiscal 2017.
Hankook Relies on OE Tires for 2Q Sales Growth
Hankook Tire Corp. Ltd. posted net sales of 1.7 trillion won for the second quarter ended June 30, 2018. That compares to sales of 1.66 trillion won for the same period in fiscal 2017.
Unit Sales Volumes Were Up Nearly 2%
Our recent discussions with dealers leave us with a view that sell-out trends improved in May versus the prior year’s period, re-accelerating from year-over-year contractions early in the year. While always somewhat subjective, we note commentary from installers was at the highest level since October 2017. From a volume standpoint, surveyed dealers reported they saw unit sales volumes up nearly 2% relative to the previous year’s period.
Understanding Private Equity Investments in the Tire and Service Business
With the recent combination of private equity-owned Mavis Tire Supply Corp. and Express Oil Change & Tire Engineers (Express Oil Change LLC), it’s a good time for tire dealers to understand how private equity plays the acquisition game differently than strategic acquirers like Monro Inc.
Toyo's Tire Segment Results Save the Day in 1H 2018
Success in its Tire Business unit partially offset overall decreases in Toyo Tire & Rubber Co. Ltd.'s sales and operating income in the first half of fiscal 2018.
Building and Buying: Top 100 Dealers Keep Customers Close in a Digital Economy
Tire dealerships on the 2018 Modern Tire Dealer 100 have found a way to battle online tire sales, shrinking tire margins and a tight labor market: by investing in brick-and-mortar locations.
Bridgestone Hires Director of Marketing & Merchandising for GCR Tires & Service
Bridgestone Americas Inc. reports Taylor Vernier has joined the company as director of marketing and merchandising for the GCR Tires & Service (GCR) business.
Toyo Unveils M675 Long Haul Drive Tire
The new Nanoenergy M675 long haul drive tire from Toyo Tire U.S.A. Corp. is a SmartWay-verified fuel-efficient super single featuring new low-resistance tread compounds.
Bridgestone Introduces Firestone FD711 Drive Tire
Bridgestone Americas Inc. has expanded its Firestone commercial truck tire portfolio with the launch of the Firestone FD711 drive tire.
Ken-Tool Introduces Multi-Size Loose Wheel Nut Indicators
New HexChex Multi-Size loose wheel nut indicators from Ken-Tool Corp. are designed to offer very wide application coverage in four SKUs, dramatically cutting inventory costs.
New Shop Management System Uses AI to Learn From Every Inspection
Auto Profit Masters LLC (APM) has introduced a cloud-based shop management system called Shop 4D that uses artificial intelligence (AI) to run repair shops.
Bridgestone Reaches Top Level as a Caterpillar Supplier
Thanks to the tires produced at its Des Moines, Iowa, agricultural tire manufacturing plant, Bridgestone Americas Inc. has reached the "Platinum Level" at Caterpillar for the second consecutive year.
TRIB Will Exhibit at The Great American Trucking Show
The Tire Retread & Repair Information Bureau (TRIB) will once again be exhibiting at The Great American Trucking Show in Dallas. The event will run Aug. 23-25, 2018.
For GRI, Irish Eyes are Smiling Thanks to FIT
First Industrial Tyres Ltd. (FIT), with the help of supplier Global Rubber Industries Pvt. Ltd. (GRI), is expanding its operations in Dublin, Ireland.
MTD and the Industry Lost a Friend With the Death of Wayne Williams
Gibbons Tells Dealers What They Can Expect From TireHub
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