National Tyres and Autocare has issued a statement clarifying that it is not associated with another business operating in the market called “National Tyres Network”. Writing in a statement issued 8 August, the company said: “Axle Group Holdings Limited (which owns National Tyres and Autocare and sister company Viking Wholesale Tyres) works closely with a network of over 3000 independent garages throughout the UK and believe raising awareness of this issue is in the interests of both the industry and our network. Any approach from National Tyres Network Limited is not in any way associated with National Tyre Service Limited or National Tyres and Autocare.”
Bridgestone is supplying National Tyres’ next generation of automotive apprentices with “tyre toolbags” for a second successive year. The manufacturer says it was keen to support the vocational offering by way of a branded holdall for each learner for another year, containing a wide range of equipment to assist in both the classroom and in-branch, after first hearing about National’s pioneering NVQ level 2 training courses in 2013.
On 28 July Scotland’s Herald newspaper reported that Axle Group Holdings, the holding company behind the National Tyres and Autocare tyre retail chain and the Viking wholesale business, had reported a £2.1 million loss in its full-year 2013 figures. The headline figures were that group sales dipped from £166.3 million in 2012 to £161.5 million in 2013. And that while costs fell, 2012 profits of £3.85 million had become a £2.1 million pre-tax loss for 2013. However the complicated nature of holding company accounts suggests that this doesn’t necessarily tell the whole story. Having read accounts filed at company’s house and contacted executives at Axle Group, Tyres & Accessories spoke with company founder, chairman and 60 per cent shareholder Alan Revie who spoke of strong operating results and branch expansion – even a rough goal of 300 branches.
April reports of the Sailun Group’s move to raise capital of “up to 1.2 billion yuan” (c. £114 million) through the private placement of shares is just the latest positive step in the development of a name still in its adolescence. While the merger with Jinyu in 2012, only its tenth year in existence, placed the company alongside larger manufacturers in China, overseas developments have followed, with a large factory in Vietnam online since February. Developing a European base has also come quickly, with Sailun establishing an office headed by managing director Martin West in Solihull by 2010, who has worked quickly to build partnerships with local wholesalers in the various European markets. Meeting West in Solihull, Tyres & Accessories asked how corporate growth has informed Sailun’s approach to the European market.
Last month’s leader “Pumping up” discussed how a number of key economic and tyre market indicators are pointing to better days ahead in the tyre market. Then in mid-April ETRMA reported that its members experienced double-digit increases in (sell out) sales during the first quarter of 2014 compared with the low first quarter of last year. But how does this translate into retail demands and what strategies are tyre retailers adopting to make the most of any consumer pickup coming through? Here Tyres & Accessories analyses the latest research from Encircle Marketing in light of recent macro-economic indicators.
Continued branch attrition at some of Britain’s largest tyre retail chains means the line between the top five and the rest of the top 10 has continued to blur. Furthermore, we now have three 50+ branch retail chains outside the top four (which are all 100+) for the first time since Tyres & Accessories started tracking this data five years ago.
National Tyres reports that it has added 10 branches to its network this month as part of the company’s expansion strategy. According to National Tyres and Autocare, the 10 new branches are a group acquisition from Broadway Retail Ltd.
“This is a very exciting development for National Tyres and Autocare,” said chairman Alan Revie: “It is a testament to the strength and professionalism of our business that we are able to expand at a time when so many retailers are contracting. It also represents a significant acceleration of our growth plans, having already added eight new branches to our network in the last 12 months alone.”
National Tyres and Autocare is proud to announce the launch of AA Tyres, a new online tyre shop powered by National. National secured the contract to provide the tyre shop which has been integrated into the AA’s own website, offering special discounted prices on tyres online and automotive parts in-branch to AA members. The site, which is now live at www.theaa.com, follows on from a similar move by well-known e-tailer Blackcircles.com and AA-competitor RAC.