Telle Tire & Auto Acquires Car-Doc Automotive and Tire

Telle Tire & Auto Centers has acquired the assets of Car-Doc Automotive & Tire in Maryland Heights, MO. Car-Doc Automotive is a shop in the St. Louis market, featuring a facility with 11,000 sq. feet and 10 service bays.

According to Telle Tire, Car-Doc created a following in the area for specialized repairs and has a strong presence in electric and hybrid vehicle repair services.

Telle Tire currently operates under five brands, including:

KC Complete Auto & Tire in Kansas City, MO;
Jerry’s Tire Sales in Edwardsville, IL;
The Auto Clinic in Lee’s Summit, MO;
Car-Doc Automotive in Maryland Heights, MO.

Telle Tire said it is continually evaluating what makes the most sense for each brand and business acquired. The company said Car-Doc has built a loyal customer following through strong fleet expertise, hybrid and electric vehicles along with complicated diagnostics. This purchase marks the third acquisition and fifth new store location for the St. Louis-based dealership in 2023 and Telle now has 23 locations across Missouri and Illinois.

The Goodyear Tire & Rubber Company said its first quarter 2024 sales were $4.5 billion, with tire unit volumes totaling $40.4 million. For the first quarter, Goodyear's net loss was $57 million compared to a Goodyear net loss of $101 million a year ago. Leadership said the year-over-year improvement was driven by increases in segment operating income. The 2024 period also included items like, on a pre-tax basis, Goodyear Forward costs of $28 million and rationalization charges of $22 million, compared with pre-tax rationalization charges of $32 million in 2023. Goodyear said Goodyear Forward costs are comprised of advisory, legal and consulting fees and costs associated with planned asset sales.