Openbay Adds Support for Major Tire Suppliers to Otis
Openbay’s Otis now supports over 30 tire suppliers and wholesalers to include American Tire Distributors (ATD), TireHub, NTW, U.S. Autoforce, Max Finkelstein and TR Wholesale.
Goodyear Reports $2M Net Loss, Sales Down 9% in Q3
The company says the decline was driven by lower volume, unfavorable foreign currency translation and reduced sales from other tire-related businesses.
Goodyear Q2 Sales Drop 41%, Feeling COVID-19 Impact
Goodyear said declines in Q2 2020 sales and tire unit volumes were driven by lower industry volume and reduced sales from other tire-related businesses.
Goodyear Reports Q4 Loss, Tire Unit Sales Down 2%
Goodyear reported a fourth-quarter 2019 net loss, as well as a 5% decrease in net sales year-over-year.
Goodyear Sales, Income Down in Q3 Results
Goodyear’s third quarter 2019 sales were $3.8 billion, down 3% from a year ago as a result of “unfavorable foreign currency translation” and “lower third-party chemical sales,” Goodyear says.
Proud to Be an Independent Tire Dealer: Joshua Baughman, Van’s Auto Service & Tire Pros
Most tire dealers don’t make a habit of giving away service work free-of-charge, but for Joshua Baughman, owner of four Van’s Auto Service & Tire Pros stores in Ohio, the strategy has helped him see 25-40% growth year-over-year.
What’s Treading, Ep. 3: Delving into Tire Retail Data [Audio]
On this episode of “What’s Treading with Tire Review,” we look at data we’ve collected from tire dealers across the country on all aspects of owning and operating a tire dealership, including in-bay productivity, profit margins, online tire sales, dealers’ most challenging competitors as well as their most critical business concerns.
What Investment Activity Can Foretell About the Future of the Tire Industry
Following the money can serve as a valuable barometer to help predict where the industry is headed with increased interest in the tire segment from private equity, institutional investors and strategic acquirers.
Goodyear Names New General Counsel, Secretary
The Goodyear Tire & Rubber Company announced April 3 that David E. Phillips will become senior vice president and general counsel, effective June 4, and Dan Young will become secretary and associate general counsel.
ATD Reorganization Plan Approved
American Tire Distributors, Inc. (ATD) announced that the United States Bankruptcy Court for the District of Delaware has confirmed the company’s plan of reorganization.
