ITDG Announces Record 2016 Financials - Tire Review Magazine

ITDG Announces Record 2016 Financials

The Independent Tire Dealers Group (ITDG) announced a record year, with total purchases in 2016 exceeding $210 million.

The Independent Tire Dealers Group (ITDG) announced a record year, with total purchases in 2016 exceeding $210 million.

“2016 was a challenging year for the industry, however, the Independent Tire Dealers Group once again surpassed previous records in purchases, profits, volume bonuses and dividends paid to our members and shareholders,” said Michael Cox, president and CEO of ITDG.

In 2016,  ITDG added 16 new members representing 88 locations and 10 ITDG members qualified for and became ITDG shareholders, Cox adds.

“We would like to thank all the manufacturers, vendors and distributors that have supported our organization throughout these remarkable growth years and obviously our members and shareholders that make up this remarkable Group. We are excited about the continued growth in the years ahead,” Cox said.

You May Also Like

GRI appoints new director of North America

Ydo Doornbos has spent 29 years in the tire industry, and will now lead GRI’s efforts to expand the company in the North American market.

GRI-Ydo-Doornbos

GRI has appointed Ydo Doornbos as director of North America. With a career spanning 29 years in the tire industry in various management roles, Doornbos began in 1995 with a six-month internship at Monarch Industrial Tires in the USA. He moved on to Trelleborg Wheel Systems (TWS) as the regional sales & operations manager in Europe for the Monarch brand and was then promoted to marketing manager Europe for the TWS Industrial Tires division.

Nexen Tire America details its 2024 U.S. motorsports program

Nexen Tire Motorsports drivers competed at the “Streets of Long Beach” Pro Championship event using the company’s N’Fera Sport R tire.

Nexen-Tire-America-2024-motorsports
Chapel Hill Tire opens 12th location in Durham, NC

Chapel Hill Tire said the new Durham location will offer everything from routine maintenance to complex repairs.

Chapel-Hill-new-location
Hankook acquires additional stake in thermal management systems company, Hanon Systems

Hankook & Company Group said it will hold a 50.53% stake in Hanon Systems and take management rights as the largest shareholder.

Handshake agreement
PRT launches 59 new complete strut assemblies

Extending PRT’s product portfolio in North America, the new release represents nearly 12M vehicles in new coverage.

PRT-Strut

Other Posts

Tire Discounters partners with the Atlanta Braves for home run promotion

For every home run hit by the Braves this year in a game, Tire Discounters will give fans discounts on Goodyear/Cooper tires.

Michelin sponsors WWII vets’ return to Normandy for D-Day 80th anniversary

WWII vets will participate in several parades, ceremonies and celebrations during their 10-day tour of the Normandy region.

Michelin-DAL_NORMANDY
McCarthy Tire Service partners with Truckers Against Trafficking

McCarthy Tire Service has launched a company policy aimed at identifying and reporting potential human trafficking situations.

McCarthy-tire-TAT