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.
While many of the names of the top 20 tyre retail chains will be familiar, the last year has seen the continuation of a number of so-called right-sizing and redistribution trends, especially at the bottom end of the top 15 between places (positions 11 – 15). At the same time, one or two medium sized retailers have grown significantly since the last survey, resulting in greater influence from this part of the market. At the same time as this, the total number of branches controlled by the top 20 chains continues to grow – pushing the balance of power further in the direction of those retail multiples.
North Staffordshire-based independent tyre dealer, NSTB Group Ltd, has been acquired by Mr Tyre Ltd. Included in the deal are the company’s three operational branches in Newcastle-under-Lyme, Tunstall and Longton, which are branded as North Staffs Tyre and Battery Autocentres.
The Stafford branch of Mr. Tyre has become the tenth Hankook Masters site in the UK and the third Mr. Tyre depot, after Leicester and Lincoln, to join the Hankook Masters Program. Mr. Tyre and its 28 UK depots has been a Hankook customer for almost 16 years.