Purchase Will Add 70 Stores to Sun's Rapidly Expanding Footprint
November 26, 2021
Sun Auto Tire & Service Inc. will acquire Cape Girardeau, Mo.-based Plaza Tire Service from owners Mark Rhodes and Scott Rhodes on Dec. 31. Plaza Tire has 70 locations throughout its native Missouri, plus stores in Illinois, Kentucky and Arkansas.
It’s always true that the owners of a tire-related business know everything about their particular business, while the parties looking to buy it know very little. Whether you are a tire retailer, a commercial tire dealer or a wholesaler, it helps to treat potential buyers as if they were your customers.
The year 2021 is drawing to a close. For independent tire dealers across the country, it has largely been a profitable - but difficult - year. With just a few weeks remaining, it’s time to take stock of the last 12 months and start looking at the next 12 months.
Hankook & Co., parent company of Hankook Tire America Corp., experienced a 3% year-over-year sales decline during the third quarter. However, Hankook's sales and volume grew year-over-year in North America.
Omni United has named Amy Coleman assistant vice president of marketing for its North American business. She will lead all of Omni's marketing and advertising activities, as well as its public relations efforts.
Percheron Capital, the parent company of Big Brand Tire & Service, has acquired American Tire Depot's retail stores. Based in Vernon, Calif., American Tire Depot has 107 retail outlets, according to the 2021 MTD 100.
Anyline Inc.’s technology made a splash earlier in the year when Discount Tire revealed it was bringing Anyline’s optical character recognition (OCR) capabilities into its 1,000-plus stores. Karen Savage says Discount Tire's use spurred other large automotive retailers to accelerate their own plans.
Dealers can expect new tires and more consistent supply from Bridgestone Americas Inc. in 2022, Bridgestone officials announced during the company's recent, all-digital consumer and commercial tire meeting. "Our shipments are up 15% versus last year" in consumer replacement, says Scott Damon, Bridgestone's chief operating officer.
American Tire Distributors Inc.’s Tire Pros franchise program has 440 “owner-operators” who represent 609 locations, according to Tire Pros President Greg Bell. He says the group wants 2,000 locations within the next five years. “But I don’t want to stop there.”
Dealership Will Open 60 Stores in Illinois Over Next Three Years
November 16, 2021
Allen Park, Mich.-based Belle Tire Distributors Inc. has officially entered the greater Chicago market by opening a store in Naperville, Ill., and another outlet in Villa Park, Ill. The dealership plans to open 60 stores in Illinois over the next three years.
“We’re on the cusp of some neat things that we are excited about,” says Andrew Hoit, Tireco Inc.’s vice president of sales and marketing. That includes the company's first minimum advertised price (MAP) policy and an associate dealer program - both of which will debut in 2022.