Less than a year after Goodyear Tire & Rubber Co. finalized its purchase of Cooper Tire & Rubber Co., Cooper products have been added to TireHub LLC warehouses.
National Bank Investments Inc. has acquired a 30% stake in Unimax Ltd., the company that manages several retail tire and automotive banners in Canada, including Point S. The deal has led to Unimax buying all shares of Distribution Stox Inc., its distributor.
The brothers who founded online tire seller Simple Tire LLC are both leaving behind their executive leadership roles with the company in 2022 to co-lead other businesses. For CEO Andy Chalofsky that will include partnering with Dealer Tire in a start-up venture.
Garage Equipment Supply, a distributor of automotive tools, has rebranded as Wrenchers. The company has also moved from California to Alabama and says it delivers to 98% of the U.S. with free shipping.
Mavis Tire Express Services Corp. is adding 39 more retail stores to its network with the acquisition of Jack Williams Tire Co. The deal also includes a wholesale business with 11 warehouses.
BTS Tire & Wheel Distributors, the wholesale division of Black's Tire Service Inc., will hold its annual leadership and training conference April 13-15.
Auto Plus has joined the Aftermarket Auto Parts Alliance Inc., a global aftermarket distribution and marketing program group. Auto Plus brings 325 corporate stores, 21 distribution centers, and more than 4,000 team members.
A tire importer has filed a complaint with the Federal Maritime Commission alleging that Evergreen Group, one of the world’s largest maritime shippers, has exploited its customers and manipulated the market to increase prices and profits.
Community Wholesale Tire Inc. has opened a new warehouse in Cedar Rapids, Iowa. The tire distributor has opened three new locations in the Midwest in the last seven years.
Tire Group International (TGI) is celebrating its 30th anniversary in 2022, marking its growth with more than 30 tire brands and business in 80 countries.
The U.S. Tire Manufacturers Association (USTMA) is projecting tire shipments in 2022 will surpass the record-setting numbers recorded in 2021. Overall, the group expects 5.1 million more tires will be shipped this year.
Tire Wholesalers Inc. (TWI) is building a distribution center more than twice the size of its existing space in Troy, Mich., and expects to move into the new site in January 2023.
K&M Tire Inc. is on the cusp of opening its 32nd warehouse, and the tire distributor says it has one goal: to be the leading and most trusted provider in its markets and for its customers. It's working to do just that while also selling more tires and growing its footprint.
TireHub LLC has named Ted Becker its new CEO. He replaces Peter Gibbons, who left the company last year. Becker served as TireHub's interim CEO after Gibbons' departure.
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.
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.
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.
The Supreme Court has blocked the Biden Administration's rule requiring larger businesses to ensure that workers receive the COVID-19 vaccine or wear masks and get tested on a weekly basis.
While the Supreme Court will hear arguments related to the Biden Administration's COVID-19 vaccine mandate on Jan. 7, the Occupational Safety and Health Administration is preparing to begin enforcing some parts of the rule just three days later. Employers with at least 100 workers need to pay attention to the details, which could change.
Harold Finkelstein, who grew up in the family business and became one of the owners and leaders of Max Finkelstein Inc., one of the nation’s largest independent wholesale tire distributors, has died. He was 86.
Distribution Stox will add $100 million worth of wholesale sales, plus four warehouses, with the acquisition of the wholesale distribution division of Service de Pneus Lavoie Outaouais Inc.
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