How the State of Our Industry Impacts Your Day to Day

How the State of Our Industry Impacts Your Day to Day

In August, Tire Review is publishing special “State of the Industry” articles comprised of the thought-leadership editorial that takes a look at various trends shaping the global tire industry through the eyes of subject matter experts and industry influencers.

There’s no doubt that paying attention to the finite details of your everyday shop operations pays dividends in productivity, customer service and profitability. But, taking a close look at various industry dynamics can help define business strategies based on market trends, position your dealership to capitalize on new profit centers, fine-tune tire and parts inventories and provide innovative solutions for customers—all to safeguard and grow your business for the long term.

In August, Tire Review is publishing special “State of the Industry” articles, as we have in years past, comprised of the thought-leadership editorial that takes a look at various trends shaping the global tire industry through the eyes of subject matter experts and industry influencers. This year, in particular, the articles spotlight our industry’s resilience, strength, initiative and innovation.

Highlights include:

  • A State of the Aftermarket in 2021 article by Auto Care Association’s Director, Market Intelligence Michael Chung, who details how the automotive aftermarket continues to be strong, having weathered the storm of 2020. He provides an optimistic outlook, noting “confidence abounds that all aspects of the supply chain will continue to demonstrate their resolve, innovation and agility throughout the balance of the year and into 2023.”
  • Tire Review’s Maddie Winer interviewed Steve Rathbone, managing director at global investment banking and advisory firm Stout, and his colleague Phillip Kane, senior advisor, regarding the topic of tire industry M&A activity in 2021 and beyond. They paint a picture of the dynamics surrounding retail, commercial, wholesale and manufacturing landscapes and their impact on tire dealers and the value of their businesses.
  • Janine Young, commissioning editor for Smithers’ reports and consultancy business, provides insights into the future global vehicle parc, which she says will be characterized by connected, electric, autonomous and fleet-owned and operated vehicles. Young discusses how these vehicles will impact the design, composition, manufacturing, distribution and sale of tires, as well as the service implications for tire dealers, emphasizing the need to figure out the best way to prepare to service these new vehicles.

This is only a snapshot of resourceful articles we’ve included, so be sure to check out the entire State of the Industry special section in our August digital edition. And, remember, take a good look at what’s going on outside your business to make the best decisions inside.

You May Also Like

A Focus on People Defines Today’s Top Shops

For the past few years in the tire industry, there has been a keen focus on people– keeping people on your staff happy, attracting new ones to your business, finding ways to challenge tenured employees…the list goes on. In fact, tire dealers like you are getting pretty innovative in ways they’re working with their staff

Editors-Notebook-September-1400

For the past few years in the tire industry, there has been a keen focus on people– keeping people on your staff happy, attracting new ones to your business, finding ways to challenge tenured employees…the list goes on. In fact, tire dealers like you are getting pretty innovative in ways they’re working with their staff to create a great work environment, which in turn, creates success for the business.

Look Inside Lamborghini’s VIP Lounge in NYC and Drive a Urus with Us

During a recent ride-and-drive with Pirelli, the tiremaker showcased its relationship with Lamborghini with a stop at the prestige OEM’s Lamborghini Lounge, a no-frills building tucked inside New York City’s Chelsea District. Inside, it’s where discerning soon-to-be Lamborghini owners can go and customize their vehicles (namely, the Huracán and Aventador) as part of the carmaker’s

Lamborghini Lounge vehicle personalized
Fleet Tire Market to Outpace Overall Tire Market to 2026

Fleet tire consumption is growing along with population and middle-class expansion regardless of the economic and transportation setbacks related to COVID-19. Thanks to the shift in mobility that is taking place to 2026 and beyond, which includes greater efficiencies in commercial transport and the use of car- and ride-sharing fleets for personal transportation, the fleet

Freightliner-Custom-Chassis-Electric-Walk-In-Van-1400
Looking for Opportunities Amid Supply Challenges

While the industry continues to battle supply issues, now is a good time to look at other aspects of your shop that you can control.

Forging a Path Forward

The skills we learned from being distanced because of the pandemic will stay with us, but think of it this way: As the world opens up, what opportunities will it offer you?

Forging a Path Ahead
Other Posts
State of the Industry: Inflationary pressures and consumer trends affecting M&A

We put the global dynamics that will determine the look of the tire industry in 2024 under a microscope.

State-of-the-Industry-2023-Mergers-Acquisitions-1400
State of the Industry: How the aftermarket supply chain is affecting tires

As we begin 2024, the aftermarket pendulum has stabilized as the industry has adjusted to the uncertainties of the pandemic and supply chain challenges.

soti-feature-1400
Leading the Pack in a Digital Landscape

We live in an increasingly digital world. In fact, you’ve told us this, and we’re changing with you.

The State of the Aftermarket in 2021

Aftermarket retail sales have performed well despite the decrease in vehicle miles traveled.

State-of-the-Aftermarket