Downward Turn: Small OTR Market Sees Sales Slump, Overcapacity
Not that many months ago, the OTR market – small and giant tires – was flying high, burdened with lengthy backorders that kept prices up and production humming. Tires were hard to come by, a happy problem the industry enjoyed for half a decade. The global financial crash and burn – complete with sharp downturns
Our Better Angels: In These Tough Days, Dealer Greatness Needed More Than Ever
It’s not hard, as one watches the warm ocean wash over a white beach (in the middle of February), to come to the conclusion that one has a pretty good job. A great one, I guess. And I do have the opportunity, now and again, to enjoy a few days of fresh, warm beach air
Where is the Bottom?: Tire, Service Sales Keep Falling, Hit New Lows
Preliminary January sales numbers from our nationwide panel of retail tire dealers indicate a continued drop in tire and service sales, a trend that surfaced in April 2008. Both tire unit sales and service sales in dollars declined heavily vs. January 2008. Clearly, consumers continue to postpone purchases. February 2009 Charts Tire Review’s exclusive dealer
The Changing Landscape
Under normal circumstances, it’s challenging enough to market your business to customers and keep profits moving in the right direction. But add to that the current recession economy, and today’s tire dealers are facing a whole new set of challenges. Even though they may feel attacked from all sides – by faltering profits, the credit
Still Adapting: Familiarity Doesn’t Make TPMS Service Flawless
As the global economy continues to affect businesses and industries, the tire industry continues to have its issues – albeit fewer of them – with tire pressure monitoring systems, especially in the service bay area. Mandated by the National Highway Traffic Safety Administration, TPMS on OE passenger cars are now into their second model year
Where to Next?: Part II: Wheel Trends and Forecasts
Last month, we started a three-part series on the future of the tire and wheel industry. Tire manufacturers told us UHP demand is still rising and will continue to outpace other segments for the foreseeable future. The quest is now for the ultimate tire that can “do it all,” according to one tire manufacturer. Sounds
Getting There: Goodyear Execs Discuss Strategy, Outline Goals for 2009 and Beyond
Kramer: Through 2008, we’ve managed our production levels efficiently within the rules we have, union or non-union. Clearly, we’re making fewer tires in our plants and that has a drag on our earnings, but we’ve managed that very effectively thus far. We’re doing that to manage our inventory levels, focusing on cash. The lower the
February 2009 Sales Intelligence
Covering Bismarck, N.D.; Detroit, Mich.; Boston, Mass.; Little Rock, Ark.; Columbia, S.C.; and San Diego, Calif., retail tire marketsduring period of Jan. 30-Feb. 4. For this monthly feature, InteliChek directly contacts a selection ofindependent tire dealers, mass merchants and car dealers to obtaincurrent pricing on replacement tires and vehicle services. InteliChekrequests and verifies retail prices
Use POS Software to Manage Front Counter Sales, Back End Inventory
Goodpoint-of-sale software programs have been out there for a long time,but that doesn’t mean all tire dealers are taking advantage of them.With so much software training available, there is no longer any excusefor missing out on the benefits and profitability POS software candeliver. With a few clicks of the mouse, one can see informationabout a
High Tech Tire Inflation Gauges
Customersare always looking for ways to get the biggest bang for their buck, andthere is no better product to consider than a good tire pressure gauge,and no better way to save dollars than a regular schedule to use thegauge. With a new age of technical innovation comes an easierworkday. Case in point, today’s tire inflation
What is ‘Green’?: We May Be Seeing Red Without a Clear Enviro-Definition
For the tire industry, its products and services, and its face to the eco-consuming public, exactly what is “green”? This is a very valid question for the enviro-age. Is it oil-free tires or those substituting citrus oil? Tires made from recycled crumb rubber? Dandelions or cornstarch? What about retreading or making better use of existing
Dismal Year Ends: December Sales Continue Sharp Autumn Fall Off
The year 2008 came to a close with a resounding thud, as retail tire unit and vehicle service sales across the U.S. continued to plummet. Overall, tire and service sales have shown consistent year-over-year drops since April 2008. Click here for January 2009 charts Preliminary data from the Tire Review Dealer Panel showed December tire