SimpleTire grew 1197% in three years
Inc. Magazine: e-tailer is fastest-growing automotive brand in the US
US-based Inc. Magazine’s “Inc. 5000” list of top American private companies has named SimpleTire as the fastest-growing automotive brand in America. It was also described as the second fastest-growing retailer in Philadelphia.
SimpleTire is described as a retail company on the Inc. list and debuts at 419th in the ranking. The list is based on revenue growth over a three-year period and says Simple Tire’s growth was 1,197 per cent with 2017 revenue of US$162.1 million and expected 2018 revenue of $500 million.
SimpleTire CEO Andy Chalofsky said: “It is a great honour to be recognized as one of the fastest-growing private companies in America. Our rapid growth is a true testament to our team’s hard work and dedication throughout the years. Without them and the relationships we have built with our partners and customers, SimpleTire would not be recognized in Inc.’s top 10 per cent, and I am truly grateful for everyone’s continued support and trust in SimpleTire.”
Another US tyre retailer, RNR Tire Express, is also on the list in the consumer products and services category. RNR holds No. 3,514 on the 2018 list up from 4,553 in 2017. According to the Inc. 5000, RNR recorded 107 per cent growth over the past three years with $4.3 million in revenue in 2017.
Last year Tyrepress reported that SimpleTire became the US’s second-largest tyre e-tailer in just five years.