Monro Inc. paid $62.1 million for its most recent expansion in California — the 30 Mountain View Tire & Service Inc. stores it acquired in the Los Angeles area.
MTD recently caught up with several independent tire dealers to gauge their reaction to the recent announcement that Goodyear Tire & Rubber Co. plans to acquire Cooper Tire & Rubber Co.
"None of us in the business today — and probably the last couple of generations — has had any kind of experience” like COVID-19, says Dominic Umek, group business leader at Cleveland, Ohio,-based Conrad’s Tire Express & Total Car Care.
The dealerships on the 2019 Modern Tire Dealer 100 did a lot of buying and building in the last 12 months to strengthen their market positions in a consolidating industry. More transactions and projects are in the pipeline.
Many factors go into deciding if it’s better to repair shop equipment or upgrade to a newer model. Modern Tire Dealer asked five Tire Dealer of the Year honorees what they consider when evaluating their shop equipment.
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.
