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You are here: Home1 / National Tyres

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91% increase in Halfords Autocentres revenues drives group sales and profits

UK News

Halfords Group has reported strong full-year 2022 revenue growth of +19.9 per cent compared with 2020. That means total group revenues amounted to £1.369 billion in 2022, of which £368 million came from the autocentres business – an increase of 91.9 per cent compared with 2020. Group gross margin totalled £721.7 million, of which £211.0 million came from Autocentres. Much of the Autocentres-driven growth comes via the acquisitions of Iversons and the Axle Group/National Tyres last year, however life-for-like growth of 23.4 per cent shows that business continues on an organic upward trajectory as well. As a result, Halfords Autocentres gross margin is now growing six-times faster than the group’s wider retail business.

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Related news:

  1. Halfords buys Universal Tyres and Autocentres for £15 million
  2. Lodge Tyres consolidated in 2020, growing in 2021
  3. The tyre business is keeping countries rolling
  4. Greg Ward joins Halfords
16th June 2022/by Chris

Looking forward to a better 2022, despite “disruption”

Editorial/Comment, International News, UK News

At the end of the year, it is customary to look back at the preceding 12 months as well as to look forward at what the future has to hold. One way our culture sums up the past year is to nominate a fitting word that encapsulates the spirit of the age. Last year our word of the year was “unprecedented”. This year the (OED) Oxford English Dictionary word of 2021 is “vax”, which offers us all – as if it were needed – a reminder of the continuing presence of Covid-19 during the last year.

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Related news:

  1. Amazon’s increasingly influential role in tyre sales
  2. Goodyear starts direct online tyre retail in Europe
  3. Goodyear expanding direct online tyre sales across Europe
  4. Four out of five consumers changing tyre shopping behaviour
8th December 2021/by Chris

Halfords ‘motoring revenue’ will be 70% post National Tyres acquisition

Career Tracks, UK News
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
2nd December 2021/by Chris

Halfords buys National Tyres and Autocare in £62 million deal

UK News

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
2nd December 2021/by Chris

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