There’s Always a Silver Lining - Tire Review Magazine

There’s Always a Silver Lining

(Reuters) On a gritty corner in Tucson, Arizona, used tire store owner Andy Alexander says business is fine despite the economic downturn – and partly because of it.

"When people come in here, they know we are not going to give them that new-tire pitch. We’re going to say ‘We can make this tire work for you,’ and send them on the road," said Alexander, who patches tires for $5 and offers a set of used tires from $60.

As tens of thousands of workers are laid off across the United States each week and many more fear for their jobs, businesses from automakers to television manufacturers are having an increasingly hard time selling new goods.

But repair and refurbishment firms, ranging from small family businesses like Alexander’s to publicly traded companies, are doing well extending the lives of much-needed items that keep people going through hard times.

While Alexander’s firm keeps cars rolling, at Mt. Lookout Shoe Repair in Cincinnati, Ohio, manager Matt Switzer keeps his customers well-shod.

The firm’s business of fixing shoes, luggage and other leather goods has been increasing steadily for over a year, with the small shop now taking in 70 to 100 orders a day.

"A lot of people say they’d rather put $40 into a pair of shoes than $100 for a new pair, and we get that more and more every day," Switzer said.

The current recession has led to the loss of more than 3.6 million jobs nationwide since it began in late 2007. Nervous consumers have become wary of buying new items.

But at Switzer’s in Ohio, completed repairs, stored in brown paper bags with ticket attached, are stacked to the ceiling behind the counter, awaiting pickup.

"You hear shoe repair always does good in a depression, and that’s what we’re hoping for," he said.

In Phoenix, guitar mender Robert Super said the downturn had boosted the number of musicians beating a path to his door to get their instruments repaired.

"A lot more guys are bringing in guitars and saying, ‘Hey, I know this thing’s beat up, I know it’s on its last legs, but I don’t have enough money to get a new one,’" said Super, who owns Guitar & Electronics Repair Center in central Phoenix.

"It’s the tool of the trade, and they absolutely have to have it … it’s like a hammer to a construction worker."

Super’s services often cost customers, most of whom are professionals, little less than the $200 to $300 price of a new instrument.

"Our customers are telling us that they don’t have that extra $50 to replace the guitar," he said.

While many businesses doing well in the downturn are smaller, family-owned firms, a few larger companies are also thriving, including car parts retailer O’Reilly Automotive.

Last month financial newspaper Barron’s named O’Reilly the most appealing company in its sector as many Americans opted to make do with their old cars rather than buy new ones.

Meanwhile, Texas-based furniture and appliance rental company Rent-A-Center Inc., which offers rent-to-buy contracts on items ranging from refrigerators to flat-screen televisions, has gone from the red into the black during 2008.

For business owners like Alexander, accustomed to helping customers make do, thrift is a way of thinking that will likely become more familiar to many Americans in months ahead.

"People want to save money," he said standing on the scuffed floor of his workshop. "They want to make those tires last until they get that income tax check or something."

If you have comments to share, send to me at [email protected].

– Jim Smith

You May Also Like

Maverick Tire Changer: Bead massage

The bead massage feature on the Maverick tire changer helps with better tire and wheel fitment for balancing.

Hunter-bead-massage

Joe Keene, automotive content video producer at Babcox Media, speaks with Hunter Engineering service rep Rick Marzen on the bead massage feature on Hunter’s Maverick tire changer — which some OEMs are now recommending for better tire and wheel fitment to help with wheel balancing. This video is sponsored by Hunter Engineering Co.

Cosmo Tires to include 40,000-70,000 mileage warranty on all PLT tires

Cosmo will continue its portfolio expansion later this year when it launches its new Gripit X/T, Rockit R/T, and Cosmo Kurrent.

PLT-TIre-Fitments-Sourcebook
Yokohama Rubber holds groundbreaking for Mexico tire plant

The facility is set to begin production in early 2027 with a planned annual output of five million tires.

Yokohama-Mexico-Groundbreaking-event
How vehicle alignment affects ADAS features

It’s not just about keeping the vehicle traveling straight anymore – proper alignment is critical for ADAS features to function correctly.

TR-Continental-alignmentADAS
TIA chooses Planet Hollywood for SEMA pre-show events

TIA’s pre-show events, encompassing the annual membership meeting and cocktail reception, will happen at Planet Hollywood Resort & Casino.

Dick-Guck-TIA-SEMA-Press-Conf

Other Posts

RNR Tire Express honors the legacy of franchisee Richard Rose

Rose was posthumously awarded with the franchise’s second-ever Lifetime Achievement Award.

RNR-Tire-Richard-Rose
McCarthy Tire Service earns gold in Best of the Best contest

The company secured gold awards in four categories, including Best Employer, Best Auto Repair, Best Car Wash and Best Auto Detail.

award-stock
CMA, Double Coin adds two all-steel ST radial sizes to its RT500 tire lineup

These include ST235/80R16 and ST235/85R16 sizes and are designed explicitly for high-speed trailer use.

CMA-Double-Coin-ST-Radial-RT500
Hunter Maverick Tire Changer: 19.5-in. tire service

Learn to handle 19.5-inch wheels, which are common on some delivery vehicles, with Hunter’s Maverick tire changer.