Tire manufacturers continue to see high-value-added (HVA) tires as the way to increased profitability. They are generally defined as 17-inch and larger tires (Michelin North America Inc. says 18-inch and larger), which takes them out of broad-line sizing. But they are more than just a tire size. They are, as Pirelli Tire North America Inc. executives have said for years, premium and prestige tires because they fit on higher-end vehicles. They may cost more, but their return on investment is greater, a win-win for manufacturers and the dealers who sell their brands.
When Goodyear Tire & Rubber Co. introduced its Assurance WeatherReady last year, it described it as a premium all-season HVA tire. Chairman, CEO and President Rich Kramer said the trend has been driven by OEM demands.
The chart on page 40, “Available sizes by rim diameter,” shows how popular larger sizes have become. According to the Tire & Rim Association, there are 65 18-inch sizes, more than any other rim diameter.
A year ago, tire industry analyst Nick Mitchell estimated the U.S. market would require “approximately four new tire plants” to meet the need for an additional 19.1 million HVA tires. That is happening.
Read the January Facts Issue here.
Until daily life came to a near standstill to help stop the spread of COVID-19, many of the nation’s top retreaders were optimistic for 2020. Here's what they were up to.
These are interesting times. This aptly sums up the state of the North American tire industry at the dealer, wholesale distribution and manufacturer levels. Here is MTD's exclusive industry snapshot.
Original equipment and replacement farm and agricultural tire market shares for 2019.
Southern Tire Mart, Best-One Tire Group and Snider Fleet Solutions lead Modern Tire Dealer's 2019 rankings of the top 25 independent commercial tire dealers in the U.S. Find out who else made the 2019 list.
From Discount Tire with 1,033 locations to Jack’s Tire & Oil with 12 stores, Modern Tire Dealer ranks the top 100 independent tire dealers in the U.S. by number of retail, commercial and combination commercial/retail outlets. MTD's exclusive list also shows wholesale outlets and the tire brands sold by each dealer. The 2019 Modern Tire Dealer 100 concludes with a look at mass merchandisers, warehouse clubs and other channels for selling tires.
Modern Tire Dealer ranks the top 100 retreaders in the U.S. based on the average amount of tread rubber used. Get the metrics for the nation’s top retreaders: number of shops, process, and number and type of retreads produced per day.
A record 214.3 million domestically produced and imported passenger tires were shipped in the U.S. in 2018. That’s nearly 30 million more than 10 years ago! Here's the data.
2018 U.S. OE and Replacement Farm Tire Market Shares
McCarthy Tire Service Inc. holds the No. 7 spot on MTD's Top 25 Commercial Tire Dealers chart. The company cites employee recruitment and retention as a significant headwind. But the Wilkes-Barre, Pa.-based company continues to grow, adding outlets in Mount Joy, Pa., Philadelphia, Pa., and Albany, N.Y. In Horseheads, N.Y., the company moved commercial truck operations to a new facility less than a mile away and renovated an existing building into a retread plant. Read on to find out who made the list.
Many dealerships on the 2018 Modern Tire Dealer 100 are investing in brick-and-mortar locations to create a larger geographic footprint. The owners feel it is essential to compete against online sales, shrinking tire margins and a tight labor market. See who made the list of the top 100 independent tire dealers in the U.S.
How to Read a Tire Sidewall -- 2018 Performance Handbook