In addition to the latest news and analysis, July’s edition of Tyres & Accessories features the aftermarket, van tyres as well the agricultural/industrial/speciality tyre sector. The latter has proved to be amongst the most resilient sectors during the turbulence of the last year or so. The former two reflect changing market dynamics. In short, many things have changed in the automotive and tyre spaces. And the disruption of the Covid-19 pandemic has accelerated that change. But some things stay the same.
Tomorrow marks the 50th anniversary of a brand that launched an entire automotive sector and today is familiar to every motorist up and down the land. On 16 April 1971 in McDonald Road, Edinburgh, the first ever Kwik Fit centre opened its garage doors to motorists, offering the new concept of ‘fast fit’ services, replacing components while drivers waited.
German tyre retailer and fast fit network ATU has announced plans to close up to 45 of its least profitable outlets. It says this culling of the weak is being carried out as a means of “strengthening the entire company.”