Items Tagged with 'Nick Mitchell'

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Demand Trends Continue to Gradually Improve After Challenging Start

Demand Trends Continue to Gradually Improve After Challenging Start

According to the results of our survey, demand for passenger and light truck replacement tires improved in August. The latest performance marks the fourth consecutive month of healthier, albeit far from strong, trends after a very challenging start to the year. Anecdotal commentary from dealers indicates that demand was fairly steady throughout the month.
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Weak Sales Trends Will Prove to be Transitory

Weak Sales Trends Will Prove to be Transitory

According to the results of our survey, demand for passenger and light truck replacement tires increased modestly in June. From a volume standpoint, the dealers reported that they sold 0.4% more tires in June relative to the previous year’s period.
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Demand for Passenger and LT Tires Increased Modestly in May

Demand for Passenger and LT Tires Increased Modestly in May

According to the results of our survey, demand for passenger and light truck replacement tires increased modestly in May. From a volume standpoint, the dealers reported they sold 0.8% more tires last month relative to the previous year’s period.  Despite the fact that demand improved in May, sales trends were not significant enough to definitively change the narrative that demand trends have not met expectations for the first half of 2017, which included three consecutive months of negative volumes.
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Heat Wave Accounts for Improved Automotive Service Sales

Heat Wave Accounts for Improved Automotive Service Sales

According to the results of our survey, demand for replacement tires was slightly better than flat in August despite greater-than-normal volatility in the sample of responses. From a volume standpoint the dealers reported they sold marginally more tires in August relative to the previous year.
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Dealers Speculate Passenger Tire Volumes Will Increase Going Forward

Dealers Speculate Passenger Tire Volumes Will Increase Going Forward

According to the results of our survey, demand for replacement tires was slightly better than flat in July despite greater-than-normal volatility in the sample of responses. Indeed, from a volume standpoint the dealers reported they sold marginally more tires last month relative to the previous year, following a 1.1% increase in June and a 0.6% decrease in May.
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