News

Les Schwab No Longer Holds Exclusive Rights to Toyo in Northwest U.S.

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.  

News

Yokohama's 2018 Earnings Fall on Slightly Higher Sales

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.

News

Hercules Partners with Another UTV Racing Team

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.

Affleck was the first president of Big O, a position he held for 25 years.
News

Norm Affleck, a Founding Member of Big O, Dies

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.

Article

Independents vs. Conglomerates: Who’s Winning the Battle for Tire-Buying Consumers?

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.

Article

Benchmarks Are Not a Myth

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.  

News

Goodyear's Earnings Double in 2018

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.

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