Monro Inc. has announced financial results for its fiscal third quarter, which ended on Dec. 25, 2021. The company posted sales of $341.8 million during that period, a year-over-year increase of 20.1%.
Mavis Tire Express Services Corp. has acquired Orlando, Fla.-based Action Gator Tire Stores' retail outlets. Terms of the deal have not been disclosed.
The new Hakkapeliitta R5 and Hakkapeliitta R5 SUV tires from Nokian Tyres plc bring "a whole new level of safety to customers" and "will make winter driving more predictable than ever," says Steve Bourassa, Nokian's director of products.
Bridgestone Americas Inc. plans to expand its menu of electric and hybrid vehicle services at nearly 45 of its company-owned stores. Markets include San Francisco, Calif., and Austin, Texas.
Around 300 companies from more than 30 countries are expected to exhibit at The Tire Cologne, which will take place May 24-26, 2022, in Cologne, Germany.
Inventory, equipment, personnel, rent, insurance, taxes — the
costs associated with running your business are not declining.
What’s your plan to combat this?
From economic issues to new and used car availability, there are plenty of outside forces impacting the tire industry. Analyst John Healy discusses these topics and why he thinks tier-one tiremakers are in a good spot for 2022.
The whole tire industry is waiting to see what happens next as Goodyear Tire & Rubber Co. integrates the Cooper Tire & Rubber Co. business into its portfolio. One thing John Healy knows is that Goodyear has found even more savings than the $165 million the tiremaker initially expected to realize.
The induction of five individuals into the new California Tire Dealers Association (CTDA) Hall of Fame highlighted last week's CTDA/1-800 EveryRim New Year Luncheon, which took place in Santa Fe Springs. Calif.
Nexen Tire America Inc.'s N’Fera AU7 ultra high-performance all-season tire will be original equipment on the 2022 Volkswagen Jetta in the United States.
U.S. AutoForce LLC has finalized an agreement to acquire Max Finkelstein Inc. The deal is expected to close on Jan. 31. Max Finkelstein will operate as a division of U.S. AutoForce "under the management of the current leadership team," say U.S. AutoForce officials.
The North American commercial vehicle market is in a great position as 2022 begins, according to ACT Research. And that could be good news for truck tire dealers.
Last year was a busy one for members of the U.S. Tire Manufacturers Association, says Anne Forristall Luke, the association’s president and CEO. This year is shaping up to be just as action-packed, she explains in this interview.
All the acquisition activity of 2021 adds up to momentum, and industry analyst John Healy is looking for it to spill over into 2022. He says conditions are showing this year could be even stronger.
Pricing actions were frequent in 2021, and more have already rolled into the new year,. Analyst John Healy says on average those price hikes resulted in a 20% increase over 2020 prices. Interestingly, he says the cost to build an average tire went up 24% in 2021.
Passenger and light truck tire production at the Sailun Group's newest factory, in Cambodia, is underway. Tires there are being made to support the North America market, as well as select European regions.
The National Institute for Automotive Service Excellence (ASE) announced its officers for its 2022 board of directors. The officers were elected during the annual ASE board meeting held in Arizona.
From surprise acquisitions to supply chain, pricing and labor challenges, 2021 delivered plenty of punches. Industry analyst John Healy has tracked them all and has insights for tire dealers of what issues will be the most important to monitor in the months ahead.
Pirelli Tire North America Inc. announced that it is partnering with the Berry College Longleaf Pine Project, a collaboration between the college and The Nature Conservancy in Georgia to restore rare and essential longleaf pine habitat.
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