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Top 10 UK tyre retailers 2022 – growing fast

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Times have been tough in the last couple of years, but if the growth of the top 25 tyre retailers in the UK is anything to go by, the nation’s leading tyre retail businesses are taking triumph from adversity. Of course, Halfords’ acquisition of National Tyres and Autocare’s parent company at the end of 2021 makes up a big part of the new UK tyre retail landscape, but it is clear that adding branches to existing networks (either by organic growth or by acquisition) is a common theme across the board.

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Related news:

  1. The top 10 UK tyre retail chains 2021
  2. Micheldever/Protyre moves up to fourth, Lodge Tyres jumps in retail rankings
  3. ETEL continues to lead top 20 UK tyre retailers 2019
  4. Halfords charges into second place in the 2020 UK tyre retail ranking
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Halfords apprentice of the year joins Halfords racing Cataclean team for season

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Halfords

19-year-old Cameron Palmer from Ashbourne, Derbyshire, has been crowned the 2022 Halfords BTCC Apprentice of the Year competition winner. Cameron, who is a Level Three apprentice and has been based at the Wyvern Halfords Autocentre in Derby for the past six months, fought off competition from apprentices all over the country to come out on top.

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  1. Halfords Autocentres crowns NVQ graduate in record year for apprentice programme
  2. Apprenticeships ‘too important just to be an election promise’
  3. Bosch’s first automotive apprentices graduate         
  4. Budget 2021: Corporation tax up, but business rates frozen – what it means for tyre businesses
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Greg Ward joins Halfords

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Greg Ward has joined the Halfords Autocentres business, where the experienced truck, bus and agricultural tyre specialist will be commercial sales director.

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  1. Lodge Tyres consolidated in 2020, growing in 2021
  2. Goodyear and Halfords moves represent the virtualization of the tyre distribution chain
  3. Halfords buys National Tyres and Autocare in £62 million deal
  4. Autocentres continue to drive Halfords sales post National Tyres purchase
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Drivers lack basic safety knowledge – Halfords survey

Halfords

Halfords’ Tyre Safety video game, 20,000 Miles in Two Minutes, launched in October for tyre safety month, was aimed to test driver’s knowledge and raise awareness around tyre safety standards. As of today, the game has been played over 7,000 times, revealing that many drivers lacked basic safety knowledge.

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  1. New Tyre Safety Organisation for Northern Ireland
  2. Northern Ireland Tyre Safety Week focuses on ageing
  3. Jeff Fowkes Wheels launches “Love Your Tyres” campaign
  4. Micheldever CEO speaks out against 4-year MOTs
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Autocentres continue to drive Halfords sales post National Tyres purchase

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Halfords

Halfords Group plc has reported strong group sales up 10.4 per cent like-for-like over two years driven by “an outstanding Autocentres performance through the third quarter 2021 MOT peak.” Indeed, ‘Motoring services’ now account for 70 per cent of sales due to the combination of Autocentres growth and the recent National Tyres purchase. Not only do these movements reflect Halfords’ efforts to lead the tyre retail/motoring services market, but represent steps towards the creation of motoring retail “fusion towns.

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Related news:

  1. Halfords buys National Tyres and Autocare in £62 million deal
  2. Halfords investing up to £81 million in Axle Group acquisition
  3. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  4. Halfords Autocentres reports 89.6% increase in pre-tax profit – next stop ‘market leadership’
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Key tyre industry themes for 2022: acquisitions, consolidation and sustainability

Dendoktoor

A quick glance at our recent top 10 articles of 2021 email offers a unique overview of the major themes of the last 12 months. Since most of those issues are ongoing stories, they bring with them a useful insight into some of the things we can expect in 2022 – an insight that can be summarised by these three words: acquisitions, consolidation and sustainability.

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  1. Clever tyres – how tyres, TPMS and RFID are combining
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National Tyres, Iverson garages to be re-branded as Halfords Autocentres

Halfords Group

In light of the news of Halfords acquisition of National Tyres and Iverson Tyres, Tyres & Accessories contacted various National Tyres and Halfords executives for comment on the subjects of branding and branch closures. In response, company spokesperson confirmed that the bulk of Axle Group businesses will be rebranded under the Halfords moniker with one or two exceptions.

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Related news:

  1. Iverson Tyres also bought by Halfords
  2. Halfords buys National Tyres and Autocare in £62 million deal
  3. Halfords ‘motoring revenue’ will be 70% post National Tyres acquisition
  4. Halfords investing up to £81 million in Axle Group acquisition
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Halfords investing up to £81 million in Axle Group acquisition

Halfords

Following the news that Halfords Group is buying Axle Group Holdings Ltd including 239 National Tyres garages and 60 mobile tyre fitting vans, further details relating to the transaction have emerged. Firstly, while company announcements refer to the purchase of “National”, Halfords’ latest acquisition actually sees the company purchase the entire issued share capital of Axle Group Holdings Ltd (“National”) for £62 million. And the transaction is expected to be completed on 9 December 2021.

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Related news:

  1. Halfords buys National Tyres and Autocare in £62 million deal
  2. Axle Group investing £12 million in acquisition strategy
  3. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  4. Halfords ‘motoring revenue’ will be 70% post National Tyres acquisition
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Halfords ‘motoring revenue’ will be 70% post National Tyres acquisition

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Halfords

According to Halfords, the acquisition of National Tyres delivers “on its strategy to become a Motoring Services focused business”. Halfords Autocentres has always been amongst the most profitable parts of the overall Halfords Group businesses and financial figures have consistently shown that autocentre-related revenue is amongst the fastest-growing parts of the group. But what the National Tyres acquisition specifically means is that what Halfords terms “motoring revenue” will “represent more than 70 per cent of Group pro-forma revenue”.

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Related news:

  1. Halfords buys National Tyres and Autocare in £62 million deal
  2. Iverson Tyres also bought by Halfords
  3. Halfords Buys Nationwide Autocentres for £73.2 million
  4. McConechys website migrates to Halfords.com
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Iverson Tyres also bought by Halfords

Bridgestone

In addition to the acquisition of Axle Group/National Tyres, Halfords has also bought London-based Iverson Tyres, which describes itself as a “specialist supplier and fitter of tyres and provider of adjacent maintenance services”. Iverson Tyres was founded in 1992 and is made up of four locations in Chiswick, Hanwell, Northolt and Farnham Common.

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Related news:

  1. Halfords buys National Tyres and Autocare in £62 million deal
  2. Halfords Buys Nationwide Autocentres for £73.2 million
  3. Nationwide Autocentre Purchase Brings Halfords Full Circle
  4. Halfords and Mobivia forge long term sourcing alliance
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Halfords buys National Tyres and Autocare in £62 million deal

Halfords is paying £62 million for National, the tyre and automotive servicing, maintenance and repair business, which operates under the National Tyres and Autocare, Viking Wholesale Tyres and Tyre Shopper brands. As a result, Halfords’ garage estate will grow by more than 60 per cent (from 372 to 604 garages), offering MOT, servicing, fitting and repair services. According to Halfords, this deal makes it “the largest vehicle service, maintenance and repair business in the UK, with the majority of UK households within a 20-minute drive of a Halfords garage.” However, Tyres & Accessories data suggests European Tyre Enterprises Ltd (ETEL), which incorporates 650 Kwik Fits in its portfolio, is still the largest in the UK with a total estate of 740 at the last count.

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Related news:

  1. Axle Group investing £12 million in acquisition strategy
  2. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  3. Goodyear and Halfords moves represent the virtualization of the tyre distribution chain
  4. Halfords buys Universal Tyres and Autocentres for £15 million
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Halfords launches video game during Tyre Safety Month

Halfords

Halfords has been drawing motorists to a two-minute tyre safety video game to test drivers’ knowledge during Tyre Safety Month. The game, 20,000 Miles in Two Minutes, has condensed a tyre’s 20,000-mile lifespan into two minutes – testing how drivers will react to and overcome road hazards as they make their way along a dual carriageway.

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  1. Micheldever/Protyre wins inaugural TyreSafe award
  2. Giti lauds GT Radial network’s ‘exceptional’ Tyre Safety Month support
  3. TyreSafe award winner makes tyre safety message its New Year’s resolution
  4. Arnold Clark joins TyreSafe
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Tirebuyer to implement Avalyer soon

Michael Welch

Just a few months after Halfords announced that it has entered the B2B software market by making American Tire Distributors Inc. (ATD) the first customer of Halfords’ Avayler proprietary multiple location “service delivery” software, Michael Welch reports that he has been collaborating with Halfords in a bid to find out more about Avayler.

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  1. Halfords sells its Avayler software to American Tire Distributors (ATD)
  2. Tirescanner reports 400% sales growth in first quarter
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The spectacular garages on Halfords prize shortlist

Halfords

From Bond villain hideout to American retro, the shortlist for the Halfords Garage of the Year competition has everything. Launched in June, and having attracted hundreds of entries, a shortlist of 20 has now been selected. The winner will be announced in the coming weeks.

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Related news:

  1. Halfords Aims to Add 200 Nationwide Branches, Double EBIT
  2. Sigmavision’s TreadReader wins TyreSafe Innovation and Technology Award    
  3. 2017 Tyre Industry Awards winners announced
  4. TyreSafe calls for submissions ahead of refreshed 2021 online awards
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Autocentres drive strong Halfords 20-week figures

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Halfords

Halfords Group plc announced a strong trading update on 8 September, with the 20-week figures once again illustrating the rapid growth of the company’s automotive businesses such as Halfords Autocentres and its more recently-acquired tyre wholesale and truck tyre operations.

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Related news:

  1. Halfords Buys Nationwide Autocentres for £73.2 million
  2. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  3. Halfords Autocentres reports 89.6% increase in pre-tax profit – next stop ‘market leadership’
  4. Lodge Tyres consolidated in 2020, growing in 2021
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