Four Keys to Creating a Succession Plan That Works
Do you have a plan in place to ensure your business maintains its success after you leave?
McMahon’s Best-One Tackles Tech Retention Head On
As vehicle technology advances and the technician shortage worsens, are you prepared? McMahon’s Best-One is.
Build Your Business Through Facebook Advertising
Social media advertising is king for businesses looking to grow their presence – especially on Facebook.
Emerging from Pandemic Challenges, Retreading Continues to Grow
Take a look at some of the factors influencing the retread industry and look forward to future changes we can expect.
Recruiting the Next Generation of Technicians
It’s apparent that without focused and ongoing efforts by the industry, filling open positions in sufficient numbers is unlikely.
Tracking Seismic Shifts in the Tire Industry
Since the beginning of the pandemic in April 2020, the US economy has been under constant pressure: inflation, interest rates and gas prices have created a super-challenging marketplace. The tires ecosystem itself has faced a series of seismic jolts – the supply chain in triage, global factories shuttering and at-home workers creating a decline in
State of Tire Service and the Aftermarket
Here we are at the beginning of the year – how did the industry do last year? What might we expect in 2023? Short answer: Despite continued challenges and uncertainty, the industry has continued to adapt and perform robustly while driving activity has resumed in aggregate. In this article, I touch on a variety of
China Tire Industry Still Recovering from COVID Lockdowns
China has been the largest global producer and consumer of tires since 2005. Tire production and consumption has registered very healthy growth in the 21st century, yet in the last few years, especially the last two, the market has proven to be very challenging for domestic and foreign companies operating in the country. More than
Tire Industry in India: Exports Remain a Pillar of Growth
Supported by a vibrant domestic automotive industry, the Indian tire industry has been among the fastest-growing on a global scale during the past decade. With a total of 66 production plants and 41 tire producers (in all the sub-segments), the Indian tire industry registered a turnover of $8.5 billion in the financial year 2020-21. Exports
The State of M&A in the Tire Industry for 2022
Merger and acquisition activity was subject to both significant catalysts and developing headwinds in 2022. The continued retail consolidation by the major and mid-tier retail consolidators remained strong coast to coast, with strategic buyers and private-equity-backed platforms driving activity, while new private equity entrants expressed interest in obtaining a retail consolidation platform or pursuing a
Indonesian Tire Market Makes Major Gains
Indonesia has emerged as one of the largest producers and consumers of tires in the dynamic South East Asia region during the last decade. The country boasts some of the leading names in the global tire industry and has witnessed a period of high growth followed by a lull in demand over the last ten
Three Things to Keep Your Eye on in the New Year
Let’s face it: it’s harder to be an independent tire dealer today than in years past. That’s what longtime tire dealers we talk to—not only in interviews but also at ride-n-drives, on Johnny g & Friends and in What’s Treading episodes—tell us. From supply challenges to expanding tire sizes, the business has gotten complicated. And
