This year the top 25 table has been characterised by growth virtually across the board. However, something that stands out in positions 15 to 25 is that there have been a couple of new entries onto the ranking in addition to this. Exemplifying stability in the market, In ‘n’ Out Autocentres appears to have remained in 15th position with 27 branches.
As can be seen in the top 10 table published yesterday, Halfords Autocentres remains in second place nationally in our 2021 ranking of the UK’s largest retail operations by branch count. Continuing our three-article series on this subject, today’s instalment focuses on places 11 to 20 and finds that the medium to large sized positions are increasingly being taken by autocentre style businesses that make as much money from parts and repairs as they do from tyres (and more than traditional fast fits).
Outside of the top five, there is a certain degree of stability amongst the remaining five companies. Those in sixth, seventh and eighth position (McConechy’s, The Tyre Group and Lodge) appear to have remained stable in terms of branch count, with 61, 58 and 40 branches respectively. However, it is worth considering all this in the context of ULM Services Ltd the fleet-orientated cooperation Universal, Lodge and McConechy’s set up during 2017. Put those three partners together and we have 119 branches and another strong contender for fifth position on the table.
In last year’s ranking of the top tyre retailers in the UK, Tyres & Accessories predicted that the pace of change in the top 20 chains by branch count would result in some jostling for position. This has proved entirely accurate, as two major acquisitions have brought two of 2017’s top 20 into the fold of higher ranked companies, leading to both Micheldever/Protyre, leapfrogging HiQ into fourth place as predicted last year, and Lodge Tyre, into the top 10 from joint-14th last year, making significant jumps in this year’s table. Most other retailers have held relatively stable positions in terms of the number of stores, while our most recent additions to the table, Eden Tyres (15 stores) and Elite Garages (13) were identified as narrowly missing out on places last year.