Transportation data provider INRIX reports that overall daily national traffic volume for consumers, local fleets and long-haul trucks was down 38% for March 21-27, relative to Feb. 22-28.
Bridgestone Americas Inc. will restart its North American commercial tire plants on April 13. Its consumer tire manufacturing plants in North America and Latin America are scheduled to reopen the first week in May, with some facilities possibly opening sooner.
Myers Tire Supply says it has increased its inventory levels and enhanced its supply chains to “fully support our customers” during the COVID-19 crisis.
Craig Tate, president of Tate Boys Tire & Service LLC, which has seven retail locations throughout Oklahoma, said the impact of COVID-19 on his dealership was nearly immediate.
The Auto Care Association and Dentons US LLP will co-host a webinar on Small Business Administration loans during the COVID-19 crisis on April 8 from 2 p.m. to 3 p.m. EDT.
On April 7, Bobit Business Media, parent company of Modern Tire Dealer, Auto Service Professional and other publications, will host the webinar “Navigating the CARES Act for Small- and Medium-Sized Businesses with Fleets.”
The impact of COVID-19 on independent tire dealerships has been swift and profound. Starting this week, MTD will share stories of dealers who are grappling with this unprecedented situation.
In addition to small business loans available through the recently passed CARES Act, Congress has extended other benefits to businesses.
Monro Inc. estimates it will experience a sales decrease for the fourth quarter of its fiscal year, ended March 28, “largely driven by a substantial decrease in traffic since mid-March” due, in part, to the COVID-19 crisis.
The Auto Care Association has named Michael Chung director of its market intelligence department.
Automotive industry market research firm IMR Inc. has published its latest insights on auto parts and service consumer purchasing behavior during economic downturns.
The recently signed CARES (Coronavirus Aid, Relief and Economic Security) Act has established a new $349 billion Paycheck Protection Program (PPP) designed to provide relief to small businesses during the COVID-19 crisis.
Congress has now provided billions of dollars for small business loans and credits to help employers keep their employees on payroll during the COVID-19 crisis.
Timely updates are more important than ever. Make sure you are keeping up with all the news that impacts your dealership by subscribing to the digital edition of Modern Tire Dealer.
It’s no surprise that tire dealers, like the entire country, are feeling the pain of the COVID-19 crisis. Modern Tire Dealer wanted to find out the extent and sent out a survey to retail tire dealers on March 26.
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