Top Wheel Weight Maker Grows in Down Market - Tire Review Magazine

Top Wheel Weight Maker Grows in Down Market

The establishment of Wegmann Automotive in October 2009 saw some of the world’s leading wheel weight brands (Hofmann, Franken, F-Ecoline and Perfect ) reorganized into a single unified group.

Now united under the Wegmann umbrella brand, sales and marketing director Thorsten Thom reports that the company is facing the current market challenges well and, in certain cases, actually gaining marketshare.

Thom also praised the positive impact made by recently appointed U.K. sales manager, David Peacock. According to Thom, 2009 U.K. market sales have experienced double-digit growth compared with 2008.

Wegmann automotive produces as many as one billion balancing weights a year and production is split roughly 50:50 between the company’s Germany and Tennessee production bases. And what’s more, the company continues to name some of the world’s leading OEMs amongst its customers, such as Audi, Mercedes-Benz, VW, Seat, Ford, Opel, Fiat, Alfa, Ferrari and Porsche to name but a few.

In 2010 the company is set to enhance is marketing activities, explaining both the benefits of its premium quality products and disadvantages of what the company describes as “false economy” low-cost weights to the market.  In doing this, the company is aiming to raise customer perceptions of what can be expected from a balancing weight and therefore improve customer experiences of balancing weight products. (Tyres & Accessories)

You May Also Like

Discount Tire strikes sponsorship deal with the Los Angeles Angels

The sponsorship will run for the entire 2024 season in conjunction with the Los Angeles Angels.

Discount-Tire-LA-Angels

Discount Tire & Service Centers has a new sponsorship deal with the Los Angeles Angels for the 2024 season. Discount Tire said this partnership will not only benefit its customers with season-long promotions and giveaways but will also support local non-profits.

"We're thrilled to launch this strategic partnership with the Los Angeles Angels," said Sergio Andonian, president, Discount Tire & Service Centers. "As neighbors, from Anaheim, we are dedicated to serving our local communities and providing quality tire & automotive service at the most competitive prices. Together, we look forward to making a positive and lasting impact in the communities. Add baseball to the mix, and with this winning combination, the possibilities are endless."

Goodyear names new Americas unit president

Ryan Waldron joined Goodyear in 2003, serving in leadership roles in finance and supply chain for multiple North America business areas.

Goodyear-Ryan_Waldron
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
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
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