Breakdown of Commercial Dealer 2010 Sales
The majority of commercial dealer sales in 2010 was in the medium truck (sizes 19.5-24.5) and commercial light truck tire segments, 33.1% and 28.9%, respectively. Following behind those categories were heavy truck, at 11.7%, ag tires, at 8.8%, and specialty/industrial and OTR, at 6.9% and 6.6%, respectively Data from Tire Review 2011 Tire Market Profile.
TGI Reflects on 20 Years of Growth
Tire Group International said it is celebrating 20 years of continued success and growth. In 1992, Miami-based TGI opened its doors and entered into the wholesale distribution of tire business. Since then, TGI’s main objective has been to offer its customers the entire spectrum of tire sizes and patterns at reasonable price points, to build
Midas, TBC CEOs Comment on Merger
Following news that TBC Corp. will purchase Midas Inc. for an estimated $310 million, Midas CEO Alan Feldman described the deal as "the best opportunity for Midas to go forward." “It’s a strategic, compelling marriage of two leading brands in the automotive repair aftermarket,” Feldman told the Chicago Tribune. “Tires are an important part of
Three Tiremakers Set Price Hikes
The latest slate of tire price increases unrolled late last week, with hikes coming from Goodyear, China Manufacturers Alliance and Toyo Tire Canada. Goodyear said that as of April 1, it will raise prices on all of its consumer and commercial tires by up to 6%. The consumer increase impacts all Goodyear, Dunlop and Kelly
Congress to Take up Trade Tariff Question
Bloomberg is reporting that a new bill has been introduced in the U.S. House of Representatives that would pave the way for the U.S. government to apply additional duties to imported goods. The bill appears to be a specific reaction to the Dec. 19 U.S. Court of Appeals ruling that struck down countervailing duties the
Balmy Weather Doesn’t Slow Next Gen X-Ice Xi3 Launch
The unseasonable climate didn’t diminish the media and dealer launch of the new Michelin X-Ice Xi3, an upgrade from 2008’s successful X-Ice Xi2.
K&M Outlines Growth Goals, Mr. Tire Expansion at Annual Conference
Since K&M Tire acquired Universal Cooperatives’ Triton Tire & Battery division in November 2010, the company has been on a steady growth track. Most recently, the Delphos, Ohio-based wholesaler purchased assets of Don’s Tire in Cross Plains, Wis. And at its annual tire dealer marketing group meeting, held mid-January in Las Vegas with 175 dealers
Bridgestone Sets Mining Tire Unit, Reorganizes Commercial Group
Bridgestone Americas reshuffled the commercial tire unit deck once again, creating what it termed "an integrated mining tire business unit" while also making changes to its commercial tire group. The new “Bridgestone Mining Solutions” unit combines the company’s mining tire sales, service and sales engineering, and a select group of U.S. and Canadian stores into one
Truck Tire Sealant, Balancer from Ride-On
The company’s Commercial High Speed tire sealant and tire balancer formula helps fleets keep vehicles on the road and saves on tire maintenance costs by reducing the rolling resistance and heat build-up associated with underinflated and unbalanced tires.
Double Coin Sees Growth Opportunity in New JV, Passenger Tire Line
Since being installed as the chairman and head of Double Coin Holdings just a couple of years ago, Liu Xun Feng has been busy both stabilizing his fast-growing international tire company and creating new ways for it to continue growing.Long a respected and well-known name in its domestic market, Double Coin was starting to make