It seems like every issue of Modern Tire Dealer has an announcement of a new acquisition by Monro Inc., Icahn Automotive Group LLC, Bridgestone Americas Inc. and the like. One would assume by reading these that what I call the company-owned conglomerates are “winning the war” for the hearts and minds of consumers, but I would disagree. I think tire dealers are winning right now.
A gross profit benchmark of 60% for a tire store is not a myth. Dennis McCarron explains how to reach it, from setting your shop’s labor rates to getting 50% margins on your parts sales.
The new Sumitomo HTR Enhance LX2 from TBC Brands LLC comes in 43 passenger sizes for 15-inch to 22-inch wheels.
IndyCar and Bridgestone Americas Inc. have announced a five-year partnership extension for the Firestone brand to continue serving as the sole tire supplier and official tire of the NTT IndyCar Series through 2025. The agreement includes continued rights for Firestone as the official tire of the Indianapolis 500.
The newest member of the Aftermarket Auto Parts Alliance Inc. is Distribuidora De Autopartes Pescador, S.A. (DAPESA).
What transpired in the tire industry in 2018 and what will happen in 2019? John Healy, a managing director and research analyst with Northcoast Research Holdings LLC based in Cleveland, Ohio, and author of MTD’s monthly column Your Marketplace, took on our questions and offered his thoughts and predictions.
New Spray Nine Grez-Off Parts Cleaner and Degreaser from Permatex can be used as a traditional spray degreaser or as a parts cleaner solution.
As a business owner, you have the right to listen to, record and review employee and customer communications. But there are legal rules and limits to such behavior, as well as ethical and business considerations.
As more foreign tire manufacturers build consumer tire plants in the U.S., analysis shows each one needs to produce 6 million tires a year in order to be profitable. But even more critical is each tire's price point.
TBC Corp. has sold eight of its NTB Tire & Service Center stores in Texas to a Big O Tires franchisee, allowing the Big O Tires brand to enter the Lone Star State.
Ken Voelker, president and CEO of Mighty Distributing System of America (MDSA), dba Mighty Auto Parts, a Gonher company, announced the promotion of four employees to key leadership roles.
Even the most straightforward service – mounting aftermarket winter tires that are the same size as the original tires – has the potential to create tire pressure monitoring system (TPMS) issues.
Technicians increasingly reach for adhesive weights when balancing flangeless alloy rims and ever-bigger wheels. What does that mean for a shop’s inventory of clip-on wheel weights?