Tire Category Accounts For Largest Portion Of Automotive Sales Online, Says NPD - Tire Review Magazine

Tire Category Accounts For Largest Portion Of Automotive Sales Online, Says NPD

Online dollar sales of tires grew by 34% in the 12 months ending December 2018, according to The NPD Group’s Checkout E-commerce Tracking.

TIRE ECOMMERCE

Miles driven in the U.S. has been rising annually,* and with more rubber hitting the road, tire sales have benefited – particularly in the e-commerce channel. Online dollar sales of tires grew by 34% in the 12 months ending December 2018, according to The NPD Group’s Checkout E-commerce Tracking. The tire category alone outpaced e-commerce growth for the total market of automotive products, which was up 28 percent for the year.

“Historically, selling tires online was challenging because consumers had to then find somewhere to have them installed. Today, companies are finding creative ways to have tires reach consumers,” said Nathan Shipley, executive director and automotive industry analyst, The NPD Group. “E-commerce partnerships with traditional brick-and-mortar retailers are solving for this issue by making both the buying and installing process more convenient for consumers. One tire manufacturer recently unveiled a new store format to take the friction out of the transaction, by allowing consumers to purchase tires and have them installed wherever the consumer wants, including at home or work.”

As the largest automotive category online, tires hold tremendous weight for the industry and accounted for 21% of automotive dollars spent online in 2018. Of all consumers who made an automotive purchase online, 7 percent purchased tires. Excluding their tire purchase, these consumers spent two-times as much on automotive products online than the average automotive e-commerce buyer. They not only spent more per purchase, but also bought twice as many automotive products during the year.

“Just like the rest of the automotive industry, tires are not immune to the e-commerce trend,” said Shipley. “Disruption is happening everywhere, and manufacturers and retailers are finding new ways to sell the same products. The tire market is a healthy example of how this is working.”

*Source: Federal Highway Administration

Source: The NPD Group/ Checkout E-Commerce Tracking, 12 months ending December 2018

You May Also Like

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

RNR Tire Express (RNR) recently closed out its annual franchise conference, where it honored the legacy of Richard Rose, who it considered one of its “trailblazing franchisees.” Rose was posthumously awarded with the franchise’s second-ever Lifetime Achievement Award.

Members of the Rose family were in attendance at the conference to accept the Lifetime Achievement Award on Richard’s behalf. Rose's two sons will continue to operate their father’s franchise locations in Virginia and ensure his legacy continues within the RNR system and throughout the communities he services, RNR Tire Express said.

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
Continental Tire discusses how prioritizing dealer feedback maximizes profits

Continental Tire executives talk about the status of the PLT tire market, the company’s strategic balance between OE and replacement tire offerings, and more.

conti-Combo-1400
Anyline secures funding from Austrian agency for AI development

Anyline received around $2.86 million to fund research and development of Closed Loop Training for artificial intelligence models.

ANYLINE-AI-stock
Continental appoints new ‘head of region’ for the US, Canada

In this role, Rob Schroeder will oversee all of material handling, port, earthmoving and agriculture tire business in the United States and Canada.

Conti-RobSchroeder_HeadofRegion

Other Posts

K&M Tire adds Jon Zurcher as executive vice president

Zurcher previously served as COO for Best-One Tire for the past seven years.

John-Z-K&M
Hercules Tire reveals spring rebate on five tire lines

From now until May 15, customers who purchase four qualifying Hercules Tires may be eligible to receive up to a $70 rebate.

hercules-spring-us-rebate
Kenda Tires becomes Cleveland Cavaliers associate partner for NBA playoff games

The tire manufacturer will be advertised on the court, with Kenda-branded rally towels, and will appear during local pre-game programming.

Kenda-Tire-Sir-CC-High-Fives-1400
Nokian Tyres releases 2023 sustainability report

Highlights of the company’s sustainability actions in 2023 include a commitment to achieve science-based net-zero emissions by 2050.

Nokian-Tyres-sustainability-report