Mitchell’s report revealed EV total loss rates and intricacies in collision repair costs compared to ICE vehicles.
We’ve seen actual growth in terms of technicians hired in this industry – that doesn’t mean the technician shortage or demand is going away.
ETRMA reported declines ranging from -6% in consumer to -21% in agricultural tires, warning of economic threats hammering demand.
The company believes divesting these areas of focus could result in excess of $2 billion from portfolio optimization.
Data was collected for a synthetic oil & filter change and tire rotation.
Is it the right time for shops to invest in EV services? It isn’t easy to know for sure.
When asked who their toughest competitor is, 30% of independent tire dealers pointed to national tire retail chains.
In stormwater runoff during rain, 19 out of every 20 microplastics collected were tire wear particles.
Tire dealers tell us their highest gross profit margins come from retail service work.
Torqata Data & Analytics provided its data for the tire-related section in the newly released Auto Care Association 2024 Factbook.
The industry is expected to grow an additional 8.1% in 2023.
E-commerce sales of replacement tires grew 45% over the last three years while the number of units sold at physical stores declined 11%.