Ken-Tool Corp. is marking its centennial year, and the company has released the digital version of its newest product catalog.
More than 150 people attended the second week of the Tire Industry Association’s Automotive Tire Service (ATS) training. The free webinar course – which consisted of nine, 30-minute classes – covered demounting, mounting and inflation.
Yokohama Corporation of North America’s consumer tire plant in Salem, Va., is set to reopen on June 1. Yokohama closed the plant in early April as a precautionary measure to stop the spread of the COVID-19 virus.
Blackburn OEM Wheel Solutions has hired Alex (Javier) Jaramillo as an inside sales/customer service representative. Jaramillo is a bi-lingual OEM wheel expert who will work with the company’s growing Spanish speaking clientele.
Jukka Moisio will take over as CEO and president of Nokian Tyres plc, replacing Hille Korhonen, who has lead the company for three years and previously served on its board of directors.
Monro Inc. recorded a loss of almost $3.8 million for the quarter that ended March 28, a 122.5% decline from the profit that the tire dealer recorded in the period a year earlier.
As a result of the uncertainty caused by COVID-19, and in an effort to keep cash on hand, Monro Inc. is temporarily halting its acquisition efforts as well as its national rebranding work to turn more of its automotive service stores into tire stores.
By the end of the third quarter, Bridgestone Americas Inc. will have added more than 90 sizes to several passenger and light truck tire lines.
Synchrony LLC and Continental Tire the Americas LLC have expanded their partnership with financing options that cover the General brand.
Bauer Built Inc. continues to recognize the children and grandchildren of its employees with the G. F. "Sam" and Ethel V. Bauer scholarships to high school seniors. Since 1994 Bauer Built has awarded $130,500 in scholarships.
The Automotive Lift Institute (ALI) has updated its website to provide more resources to lift owners, operators, installers, inspectors and manufacturers, and help them find that information more easily.
To say that the COVID-19 pandemic has had a disruptive impact on the North American trucking industry is an understatement. The month of April was particularly devastating for new truck sales as preliminary Class 8 orders plummeted. During that same month, trailer orders plunged 97% - a 99% drop from previous year levels.
Balkrishna Industries Ltd.’s (BKT) new website incorporates numerous images and videos, icons, simple and quick data searches and other features to enhance the user experience.
Titan International Inc. is making donations to non-profit organizations through its Goodyears Ahead campaign. Visitors to the company's www.goodyearsahead.com website can select one of the five groups to receive a $5 donation from the company.
Starting July 1, Zhongce Rubber Group Co. Ltd. (ZC Rubber) is extending the warranty on its Westlake, Goodride, Chaoyang, Trazano and Yartu brand tires to five years.
One month after Balkrishna Industries Ltd. reopened its five plants in India, the company is once again manufacturing tires at near maximum capacity.
Yokohama Rubber Co. Ltd. posted a loss of 258 million yen (approximately $2.4 million) during the first quarter of 2020 – after sales dropped by 13.6% due to COVID-19. Operating profit nearly vanished on a decline of 90.4%.
Orders of new truck trailers plummeted 97% between March and April and plunged 99% from previous year levels, according to a new report from ACT Research, which tracks trucking industry trends.
During its first week of free webinars for passenger and light truck tire technicians, the Tire Industry Association (TIA) reported that 198 people participated in one of the nine 30-minute classes on vehicle lifting. On May 19, TIA started six consecutive weeks of free online video-conference training classes for tire retailers.
Nebraskaland Tire Co. Inc. updated its point-of-sale system to the Vast system offered by Mam Software Inc.
Snap Finance LLC has created a COVID-19 microsite to help businesses achieve success during the pandemic. The portal contains links to information about the CARES ACT, Paycheck Protection Program loans and other resources.
Modern Tire Dealer will not publish Hotwire on Monday, May 25 due to the Memorial Day holiday.
As president and CEO of TBC Corp., Erik Olsen oversees a vast empire that includes more than 600 retail stores that operate under the Tire Kingdom and NTB Tire & Service Centers banners, the Big O Tires and Midas franchise organizations, an e-commerce operation (www.tireamerica.com) and several other high-profile ventures.
"None of us in the business today — and probably the last couple of generations — has had any kind of experience” like COVID-19, says Dominic Umek, group business leader at Cleveland, Ohio,-based Conrad’s Tire Express & Total Car Care.
If you’re like most of your peers who also are adjusting to life during COVID-19, you’ve probably spent most of the last two months making sure your employees and customers are healthy and retooling your business practices to protect your bottom line.
Bridgestone Americas Inc. has expanded its lineup of Firestone brand medium truck tires with the introduction of the Firestone FD692. The SmartWay-verified tire features 400% more biting edges than its predecessor and has earned 3-Peak Mountain Snowflake certification.
Federal Corp. has promoted C.I. Chen to serve as the company's president. His appointment was effective May 8.
The tire pressure monitoring system (TPMS) in 2008-2016 Chrysler Town & Country vehicles monitors air pressure in the four road tires (excludes the spare). Pressure in the spare tire is not monitored. There are two tire pressure monitoring systems available, a base system and a premium system. The base system does not specify how many tires are low or where they are located. The premium system does so.
Nineteen new U.S. stores started flying the Point S banner in 2019, and they helped the group increase its sales by 10% for the second year in a row.
It has now been seven years since the latest changes in European tire label legislation came into effect.
Nokian Tyres plc says it is the first tire company to have its emissions reduction targets approved by the Science Based Targets Initiative.
In the March 2020 edition of Modern Tire Dealer, Mike Townsend discussed how clearly communicated expectations can create a culture of accountability at your business. In this article, Townsend discusses how to set goals that will generate positive results.
“We’re seeing some amount of healthy, legitimate demand out there," Darren Thomas, senior vice president of sales and marketing for Sumitomo Rubber North America, said during the company's latest virtual dealer forum.
Does any of the following sound familiar to you? “No one is going to put their credit card information on the internet.” “Buying tires online is a hassle. You have to wait a week to even get the tires.” This is what tire buyers — and maybe even you — were saying years ago. All of that has changed.
I run across a lot of 50-year-old tire dealerships that have a mix of businesses, like the retail tire dealership that opened a warehouse to deliver tires to its stores and then started wholesaling to get more volume, better pricing, and more cash profit.
Hankook Tire America Corp. has introduced the SmartCity AU04, an all-position tire designed for bus applications.
The current crisis has brought about once-in-a-lifetime funding options for your tire dealership, but there are other more traditional resources that have supported your tire business for generations that shouldn't be overlooked.
Nama Tires Inc. is bringing the Maxmach UHP tire to the U.S. market in 20 sizes.
Sixty-percent of respondents to Hankook Tire America Corp.'s latest Gauge Index survey say they will take more trips by car as a result of the COVID-19 pandemic.
Registration is now open for the second week of Tire Industry Association Automotive Tire Service webinars. The second-week sessions will take place three times daily from May 26 through May 28 and will focus on tire mounting, demounting and inflation.
Continental Corp. confirms its EM-Master wheel loader tires in the E3/L3 and E4/L4 variants have been approved for use by the family-owned construction machinery manufacturer Liebherr.
Al Howard, who founded Howard Tire in Belmont, Calif., in 1962, died on May 3 at the age of 82. Under his leadership, Howard Tire grew to seven locations in the San Francisco, Calif., area, and also included one of the largest wholesale tire operations in northern California during the 1980's and early 1990's.
The Tire Industry Association’s free Automotive Tire Service webinar series starts this week. More than 120 people have registered for the first class, which covers vehicle lifting.
“I tend to be a contrarian when it comes to the concept of pent-up demand after an economic shock,” says Richard Smallwood, CEO and president of Sumitomo Rubber North America.
As more automakers restart their production lines after a nearly two-month shutdown, Rich Elliott at Indy Tire Centers Inc. dba Best-One of Indy thinks there will be a silver lining for independent tire dealers. He expects tire suppliers to have plenty of capacity to serve the replacement market.
Vogue Tyre and Rubber Co. is offering consumers a $75 spring rebate for the purchase of four Vogue Signature V Black tires.
Tire Source is getting a boost from what may seem like an unusual partner and platform — the company that owns the nation's TV shopping channels QVC and HSN.
The Tire Industry Association says it is not surprised that the United Steelworkers union has filed antidumping and countervailing duty petitions targeting passenger and light truck tires made in South Korea, Taiwan, Thailand and Vietnam.
From now through July 5, consumers can earn up to $70 in the form of a Yokohama Visa Prepaid card or a Visa Virtual Account after purchasing a set of four select Yokohama tires.
Nokian Tyres Inc. has hired Christy McDaniel to lead the company's supply chain efforts in the Americas region. The head of supply chain is a new position for the tiremaker, which is working toward its goal of doubling sales in the region by 2023.
Balkrishna Industries Ltd. has launched its new LIFTMAX LM 63 tire, which is designed to fit tractors used in industrial and logistics applications, including ports and airports.
Monro Inc. will release its fiscal 2020 fourth quarter and full-year earnings on Thursday, May 28. The company will host a conference call and audio webcast that day at 8:30 a.m. Eastern Time.
Starting one tire dealership from scratch is tough enough. Imagine starting a second one — after sitting on the sidelines for five years! Steve and Cindy Moeller can tell you all about it.
As a business owner, you understand the importance of managing and protecting your tangible assets, such as your property, inventory, equipment and employees.
How do you define precision agriculture, how do tires interact with precision applications and what is the impact on tire usage, buying criteria and future product development?
OTR tire dealers should start planning for the future now, Bruce Besancon, vice president of OTR tire sales for Yokohama Tire Corp., said during the keynote presentation at the recent Tire Industry Association Off-the-Road Tire Conference.
Used properly and with a well-thought out strategy in place, social media can help tire dealers boost awareness, drive more traffic to their stores and secure repeat customers. Used improperly and in a scatter-shot way, social media can potentially damage a dealership’s reputation and drive customers away.
As the calendar turns toward the warmer months, consumers are more likely to experience problems with the air conditioning systems in their vehicles. Before the busy season hits, let’s review some best practices.
ZF Aftermarket is offering free access to online training through the end of May. "With recorded webinars, access to traditional training videos and technical training workbook accompaniments, technicians will have a wide range of technical know-how, from the pros, available when needed," say company officials.
As the economy begins to reopen Brandon Stotsenburg, vice president of American Kenda Rubber Co. Ltd.’s automotive division, says “we will start seeing recovery from the current situation by the end of May,” followed by more activity as consumers regain confidence.
The United Steelworkers union has filed antidumping and countervailing duty petitions targeting passenger vehicle and light truck tires made in South Korea, Taiwan, Thailand and Vietnam.
Triangle Tire USA has rolled out the TRT01S, an all-steel specialty trailer tire for recreational and small work-related trailers.
Cooper Tire & Rubber Co. is reopening its plant in Melksham, England, and expects to restart production there by June 15.
In a matter of a couple of weeks – due to the COVID-19 crisis – independent tire dealers have had to become not only experts in operating a successful business but also experts in addressing matters like the CARES Act, Centers for Disease Control (CDC) and medical/health guidance, Small Business Administration loan opportunities, unemployment regulations and related staffing matters.
So you managed to hire several young, motivated, skilled auto service technicians before COVID-19 hit. How are you planning to retain their services after the economy reopens and there’s more work to go around?
Toyo Tire Corp. posted a year-over-year global net sales decline of 8.9% during the first quarter of 2020. Its operating income in 1Q 2020 fell 31.8% from 1Q 2019 levels.
Tirescanner says its sales grew by 400% during the first quarter of 2020.
As a commercial-focused tire dealer, only 20% of Twin Valley Tire Inc.’s business is tied to passenger and light truck tires and automotive service needs. And yet, when trying to protect employees from COVID-19, Jamie Laroche says cutting one key service helped limit customer-employee interaction.
Ryder System Inc. will begin sourcing its tires, retreads and tire management solutions from Goodyear Tire & Rubber Co. on Jan. 1, 2021. The agreement covers both the U.S. and Canada.
Bridgestone Corp. recorded a 11% year-over-year drop in global revenue and a 39% year-over-year decline in operating profit during the first quarter of 2020.
Bridgestone Americas Inc. says it is targeting the end of May for a restart of all of its manufacturing operations in North and Latin America. That includes consumer tire plants that have been closed since March.
With more than 140 distribution centers throughout North America, American Tire Distributors Inc. has a bird's-eye view of supply, from the tire manufacturers’ side, and demand, from the dealer perspective. The company likes what it’s currently seeing.
The Tire Industry Association (TIA) will offer six weeks of free online training to passenger and light truck tire service technicians.
NAMA Tires Inc. has added a mud-terrain tire to its Maxxploit light truck tire line.
As the top executive at the North American subsidiary of one of China’s largest tire manufacturers, Manny Cicero, CEO of Triangle Tyre USA, has a unique perspective on how COVID-19 has impacted tire manufacturing.
The Tire Industry Association (TIA) has extended the deadline to submit candidates for new board positions to Friday, May 22, at 5 p.m. EDT.
“Several of Michelin’s plants across the U.S. and Canada continue to operate at full or reduced capacity, while others are still idled due to broad effects of the COVID-19 response,” a Michelin North America Inc. spokesman told MTD.
Hankook Tire & Technology Co. Ltd. experienced a 12.6% year-over-year decline in sales during the first quarter of 2020 and a drop in operating profit of 11.2%, 1Q 2020 verus 1Q 2019.
Maxam Tire North America Inc. has unveiled two port tires, the MS307 PORTXTRA IND-3 and the MS407 PORTXTRA IND-4.
The organizers of the China International Tire Expo (CITEXPO) have moved the event to Aug. 16-18, 2021. It was originally scheduled for Aug. 17-19, 2020.
Continental is offering a free, webinar-based tire pressure monitoring system training series conducted by Tire Industry Association (TIA)-certified technical training specialists.
Leaders of both the Specialty Equipment Market Association (SEMA) Show and Automotive Aftermarket Products Expo (AAPEX) say their 2020 events will go on as scheduled.
Replacement consumer tire volume in the U.S. dropped 63% in the first half of April, with light truck tires affected slightly less than passenger tire units.
Continental AG posted first quarter net sales of 9.8 billion euros, a 10.9% year-over-year decline. Adjusted EBIT fell to 432 million euros during 1Q 2020, about half of what Continental reported for 1Q 2019.
Nokian Tyres plc’s new Fresh Start campaign is offering tire and auto maintenance tips “to help drivers ensure their vehicles are in proper shape when they return to their adventures and daily routines.”
Cooper Tire & Rubber Co.'s plants in the United States are expected to "return to reasonably good utilization rates as we exit the second quarter," Cooper President and CEO Brad Hughes said during the company's first quarter investor call.
When will the North American replacement tire segment normalize? Yongsik Shin, the head of Kumho Tire’s Americas business region, says it could happen within three months “after shelter-in-place regulations are lifted.”
Are ultra-high performance tire sales immune to the COVID-19-fueled economic downturn? Butler Tire & Wheels' retail store in Atlanta, Ga., might have an answer.
Cooper Tire & Rubber Co. posted a first quarter net loss of $12 million compared with net income of $7 million for the same period last year.
Titan International Inc. achieved net sales of $341.5 million during the first quarter versus $410.4 million during the same period last year. The company experienced a net loss during 1Q 2020 of $25.5 million versus income of $1.2 million during 1Q 2019.
Nearly one month after MTD first surveyed independent tire dealers about the impact of the COVID-19 crisis on their businesses, a consistent theme remains: dealers are still experiencing revenue loss.
Kumho Tire Co. Inc.'s plant in Macon, Ga., has resumed production.
ERP software provider and MAM Software Inc. parent company Kerridge Commercial Systems (KCS) has acquired Infomat.
You don’t often hear of a new tire company touting its main product as a “super-economy brand.” Yet that’s how tire industry veteran Steve Hutchinson describes his organization's flagship line.
Pirelli Tire North America Inc.'s plant in Rome, Ga., is building tires again, a Pirelli spokesperson has informed MTD.
Balkrishna Industries Ltd. (BKT) is the new partner of Tractor of the Year, the most prestigious award bestowed upon European tractors.
Purcell Tire & Rubber Co. continues to grow with the recent acquisition of Wilson Industrial Tires Inc., which supplies tires for material handling trucks, plus farm, forestry and lawn service equipment.
Through the first quarter and even early April, business at Bauer Built Inc. held up “relatively decent,” but that doesn’t mean CEO and Board Chairman Jerry Bauer is breathing a sigh of relief just yet.
Continental Tire the Americas LLC is joining Love's Travel Stops to offer truck drivers a $5 e-coupon that can be used at any Love's location for in-store purchases.
Qingdao Nama Industrial Co. Ltd. says it will invest $10 million in "southeast Asia tire projects" in 2020.