The apparent UK tyre market is estimated to have grown by 3 per cent in 2013 at the behest of growing automotive market, according to Tyre Industry, a new market Report from market intelligence provider Key Note. Read a little further and there are suggestions that the 2014 – 2018 period could be some of the UK tyre market’s best years yet.
Larry Morgan, one of the key note speakers at last month’s BRV/MMS-seminar at the “Reifen 2000” exhibition is purchasing Tires Plus Ltd. This company has 140 outlets in nine US-states and a turnover of 220 million US-$. Combining Tires Plus Ltd. and Morgan Tire together will create the second biggest independent tyre dealer in the United States with 540 stores in 24 states and a turnover of 745 million US-$ – a “retail powerhouse” is how Larry Morgan describes it.