In today's hyper-competitive market, inventory control is more important than ever. On Tuesday, Aug. 10, Valvoline will host a free webinar sharing tips and best practices to help you manage your inventory more effectively.
Tire Discounters Inc. continues to expand its footprint. In this interview, Jamie Ward, the dealership's CEO and president, discusses what's next for the company, including its recently launched Protect Your Legacy program.
Darren McLea was perplexed. As the third-generation general manager of his family’s five tire stores in Sonoma County, Calif., he was feeling the pressure to open his company, McLea’s Tire, on Sundays. But he was already struggling to staff his high-volume stores the six days they were already open.
Imagine running a tire dealership and not knowing what is in stock or what sales have been for the month - tirelessly writing up invoices as customers come in and hoping that at the end of the day you’ve made some profit. Sounds ridiculous, right?
Each July, MTD presents the most anticipated tire industry ranking of the year - the MTD 100, which is the most comprehensive look at the 100 largest independent tire dealerships in the U.S. that you will find anywhere.
Les Schwab Tire Centers' upcoming acquisition of Plains Tire Inc., a nine-store chain with locations throughout Wyoming, signals an emphasis on growth through acquisition for the Bend, Ore.-based dealership.
The only thing that you have power or control over when it comes to time is what you do with it. So while you cannot manage time, you can - and must - manage yourself. This is especially true when running a business.
Ransomware attacks are back in the news and they have the ability to severely disrupt your business. Have you taken steps to protect your dealership and its data?
There are many types of independent tire dealerships throughout North America and all of these types can be pretty interesting when they are owned by the same person — a multi-store operator (MSO.) Here are several things MSOs can do to improve their business.
This year and the last one saw continued growth among many large, strategic players like Monro Inc., GB Auto Service Inc. (now Sun Auto Tire & Service Inc.), Mavis Tire Express Services Corp. and others. With all of this activity, one wonders if these and other big operators will ever run out of acquisition or greenfield opportunities.
President Joe Biden's recently released $6 trillion 2022 federal budget puts capital gains taxes in the spotlight again, says the Tire Industry Association.
As commercial tire dealers look to enhance their business values into the same stratosphere as retail tire dealers, some are looking at integrating the more profitable elements of retail business into their commercial operations. From a customer retention and profit perspective, this makes perfect sense.
A few years ago, I wrote about an impending “wage war.” The primary driver at the time was a shrinking talent pool at the beginning of the pipeline and an aging skilled workforce. (At the time, the average age of a master certified technician was 55.) When you combine those two factors, it creates a wage imbalance.
All of us are looking for ways to generate new business. There are two basic ways to accomplish this: do more with the customers that you have or increase the number of customers you serve. While both are effective, one is much more limiting. The greatest gain comes in finding ways to bring in more customers.
Should your business have an employee handbook? How can an employee handbook help you set employee expectations and even boost employee morale? This Tire Dealer Survival Guide article explains how an up-to-date employee handbook can benefit both you and your employees.
How can you use social media and online reviews to drive more traffic to your website and store? What are some tips for managing your online reputation? This Tire Dealer Survival Guide article provides proven best practices.
Why is delivering good, old-fashioned customer service not enough in today's hyper-competitive market? How can you "make the switch" to providing a repeatable, superior customer experience instead? Check out this article from MTD's Tire Dealer Survival Guide for more information.
Are you leveraging available digital tools - as well as data and analytics - to zero in on your target customer demographic? This article from MTD's Tire Dealer Survival Guide explains how you can gather and harness customer information more effectively.
Can you force your employees to get the COVID-19 vaccine? Can you demand proof of vaccination? How should you set up a vaccination incentive program? This article from MTD's Tire Dealer Survival Guide provides guidance as you manage through the next phase of the COVID-19 pandemic.
As compared with the public markets, the private capital markets are like the wild west. I liken it to a frontier town where there’s no sheriff, plenty of gunslingers and news travels slowly by stagecoach.
Jaecen Aspa, owner of Fountain Tire's Terrace, British Columbia, location has received Fountain Tire's Most Valuable Player award for his "entrepreneurial spirit and enthusiasm," according to Fountain officials.
Barry Steinberg, longtime owner of Watertown, Mass.-based Direct Tire & Auto Service and Modern Tire Dealer’s first Tire Dealer of the Year Award recipient, has died. He was 75 years old.
More COVID-19 economic relief is on the way. The U.S. Small Business Administration (SBA) will provide $5 billion in additional assistance to businesses with fewer than 10 employees that have been impacted by COVID-19.
One of the most powerful marketing tools for your tire dealership isn’t some fancy new digital ad or geotargeted social media campaign, although I’m a big advocate of digital advertising tools like these. It’s good, old-fashioned word of mouth.
.jpg?1626451979)
Subscribe
