McCarthy Tire Service Co. Inc. has divested of four retail tire locations in the last year. That may not seem noteworthy for a tire dealership so heavily focused on the commercial tire business. But President John McCarthy Jr. maintains retail tire service is a profitable and important part of the company’s strategy.
Mahansaria Tyres Private Ltd. (MTPL) is manufacturing agricultural and construction tires in India, and in a first step to build a distribution network in the U.S., the company has acquired the majority stake in Tyres International Inc. (TI), an Ohio-based wholesale tire distributor.
Michelin North America Inc. has unveiled its next generation mining tire for 250-ton rigid dump trucks – the Michelin XDR 250+. The tire offers an improved tire life over its predecessor, the tiremaker says.
Replacement consumer tire sales continue to drive Goodyear Tire & Rubber Co.'s recovery and rebound from COVID-19, with overall replacement tire volume increasing 14% in the first quarter, a number Goodyear says "significantly" exceeded the industry. The tiremaker recorded sales of $3.5 billion in the period, up 15% from a year ago, yet still shy of pre-pandemic results.
Continental Tire the Americas LLC is filling out its construction truck tire portfolio, adding two more sizes to the Conti HSC 3 steer/all-position tire, plus retreads to match the ContiTread HSC 3 and ContiTread HDC 3.
Tire prices are going up. Supply issues continue. And tire dealers tell Modern Tire Dealer both are having an effect on what happens at the sales counter. Since nearly every major tire manufacturer has announced a price hike in recent months, MTD set out to find how that’s affecting sales and profitability. We checked in with six dealerships for a progress report as the first quarter comes to a close.
The Tire Industry Association (TIA) is partnering with a mobile training platform to deliver TIA-approved training in daily, five-minute sessions. The goal is to increase knowledge retention for technicians who have completed a TIA 200- or 300-level course.
In an effort to assure its 10,000 global employees, Cooper Tire & Rubber Co. answered some frequently asked questions as its potential acquisition by Goodyear Tire & Rubber Co. looms in the future. The FAQ, filed with the Securities and Exchange Commission, provides insights and answers for both companies’ tire dealers, too.
Retreaders endured an uneasy 2020, but they pushed forward with investments in facilities and technology as they remained focused on the future. Here's a look at the domestic retread tire market in 2021, and some of the people making things happen.