Max Finkelstein Inc. (MFI) is partnering with Falken Tire Corp. to distribute Falken and Ohtsu brand passenger and light truck tires throughout the Mid-Atlantic and Northeast U.S.
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 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.
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.
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.
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.
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.
Yokohama Rubber Co. Ltd. reported net income of 17.8 billion yen on net sales of 309.7 billion yen for the half year ended June 30, 2018. That compares to income of 15.0 billion yen on sales of 304.2 billion yen for the first half of 2016.
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.
American Tire Distributors Inc. (ATD) has launched a $1 million ad campaign highlighting the work of its Tire Pros franchisees. The message is hassle-free customer service.
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.
Kumho Tire USA Inc. has combined all-season capability with performance for its newest tire, the Ecsta PA51. The ultra-high performance tire is available in 43 sizes, with a dozen more sizes to be added later this year.
The U.S. Tire Manufacturers Association (USTMA) projects 2018 U.S. tire shipments will increase to 319.8 million units compared to 316.7 million units in 2017.
"We have the right strategic plan in place," says Cooper Tire & Rubber Co. CEO and President Brad Hughes following Cooper's second-quarter 2018 results.
The all-new Proxes Sport is designed to create a greater connection to the road with improved contact, grip and handling.