For 52 years Les Schwab Tire Centers Inc. had an exclusive, multi-state territory with Toyo Tire USA Corp. That deal, which effectively locked out other tire dealers, including online retailers, from selling Toyo-branded products in the northwest corner of the U.S. has come to an end.
TBC Brands LLC has combined its Power King and Harvest King commercial tire brands into a new website.
Nokian Tyres plc has again been selected as one of the most sustainable companies in the world. The company received the Silver Class distinction in the RobecoSAM Sustainability Yearbook 2019.
Giti Tire (USA) Ltd. will supply Comfort A1 all-season tires in two sizes from its Chester County, S.C., plant for the 2019 Volkswagen Passat.
Michael Gatto, who started Gatto's Tires and Auto Service in Melbourne, Fla., in 1970, died on Feb. 11, 2019. He was 93.
Yokohama Rubber Co. Ltd. posted net income of 35.6 billion yen on net sales of 650.2 billion yen for the fiscal year ended December 31, 2018. That compares to income of 40.0 billion yen on sales of 646.3 billion yen in fiscal 2017.
Hercules Tire and Rubber Co. has finalized another partnership with a prominent racing team owner. Will Rodgers and Rodgers Racing will begin competing on Hercules tires in March.
Norm Affleck, retired CEO and president of Big O Tires Inc., died on Feb. 8, 2019. He was not only a founding dealer member of Big O Tires, but also instrumental in the introduction of the Big O brand 33 years ago.
It seems like every issue of Modern Tire Dealer has an announcement of a new acquisition by Monro Inc., Icahn Automotive Group LLC, Bridgestone Americas Inc. and the like. One would assume by reading these that what I call the company-owned conglomerates are “winning the war” for the hearts and minds of consumers, but I would disagree. I think tire dealers are winning right now.
A gross profit benchmark of 60% for a tire store is not a myth. Dennis McCarron explains how to reach it, from setting your shop’s labor rates to getting 50% margins on your parts sales.
Robert Dalotto Sr., whose career in tire sales spanned more than half a century, died on Feb. 8, 2019. He was 79.
More than 50 Young Auto Care Network Group (YANG) members overcame difficult wintry driving conditions to gather for a regional meeting hosted by the Auto-Wares Group of Companies on Feb. 7, 2019, in Grand Rapids, Mich.
Monro Inc. has acquired 13 more locations in Florida, giving it more than 80 stores in the Sunshine State.
Goodyear Tire and Rubber Co. doubled its earnings in 2018, despite year-over-year declines in sales and volumes of 5% and 3%, respectively, in the fourth quarter.
The new Sumitomo HTR Enhance LX2 from TBC Brands LLC comes in 43 passenger sizes for 15-inch to 22-inch wheels.