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Tyre sales down, but not as much as feared – GfK

Company News, International News, Premium, UK News

5 November saw the inaugural virtual Tyre Industry Conference, with Tyres & Accessories bringing the traditional annual conference into the virtual arena due to Covid-19 restrictions. Produced in association with the NTDA and supported by Cam Systems, our expert panel was comprised of James Ward, senior insight manager, GfK; Andrea Manenti, VP north region, Bridgestone; and Pravesh Amtha, sales general manager Consumer UK&I, Goodyear. The wide-ranging 45-minute conversation covered a lot of bases, but the first session, which was designed to focus on the new tyre market’s recent trends and statistics began with a presentation from James Ward.

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Related news:

  1. Four out of five consumers changing tyre shopping behaviour
  2. 2018 UK truck tyre market data overview
  3. 4×4 tyre sales down 6%
  4. Goodyear’s European motorsport renaissance continues despite pandemic challenges
23rd November 2020/by Chris

Online tyre prices went up as lockdown bit

Company News, International News, Premium
Peter Linforth; Pixabay

In October’s magazine, Tyres & Accessories takes a closer look at the latest developments in the multifaceted online tyre business. This article specifically looks at online tyre buying and pricing in conjunction with tyre pricing and selling-way data specialists Encircle Marketing. However, this is just one dimension in the online tyre business. In addition to online tyre retail, there is also the question of online marketing, an area in which social networks are playing an increasing important role (see separate article for further details). And on top of this, there is the electronic infrastructure necessary for the tyre business to participate – beginning with increasingly smart web sites and going onto integrated pricing and marketing tools.

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Related news:

  1. Tirescanner sales up 150% year-to-date
  2. Wide variation in prices achieved by different brands and platforms online
  3. Goodyear steps up tyre retail involvement with new UK digital platform
  4. Michelin tops 2020 UK social media ranking, Davanti enters top 10
14th October 2020/by Chris

Michelin tops 2020 UK social media ranking, Davanti enters top 10

International News, Premium, UK News
Photo Mix; Pixabay

For the fourth year in a row, Michelin can be found at the top of Tyres & Accessories’ 2020 UK social media ranking. Indeed, such is Michelin’s dominance in the annual table, only Goodyear (in 2012) and Dunlop (in 2016) have done enough to overtake the UK arm of the French tyre brand since our research began in 2011. In both cases, Michelin still managed to take second place.

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Related news:

  1. Michelin takes global social media double
  2. Falken Tire takes pole position in 2020 global social media ranking
  3. Cooper tops global social media ranking
  4. Pirelli leading global social media tyre brand 2015
14th October 2020/by Chris

Tirescanner sales up 150% year-to-date

Company News, International News, Premium
TireScanner

The last time Tyres & Accessories interviewed online tyre entrepreneur, Mike Welch, his latest venture Tirescanner was making in-roads in the US tyre retail market. Such was the concept’s growth that Welch had been pitching the business to investors in a bid to move onto phase two of Tirescanner’s development. Roughly a year later, T&A asked how things are progressing:

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Related news:

  1. Tirescanner.com live in 42 US states, multi-million dollar funding close
  2. Blackcircles considers investment options
  3. Blackcircles.com entrepreneur launches online portal for US tyre retailers
  4. Tirescanner reports 400% sales growth in first quarter
2nd October 2020/by Chris

Kwik Fit owner Itochu prepares for sale scenario

Company News, UK News

The UK’s largest tyre retailer, Kwik Fit, is being prepared for a sale. The Japanese Itochu group, which owns the European Tyre Enterprises Ltd (ETEL) holding company that controls both Kwik Fit and its wholesale counterpart Stapleton’s Tyre Services, has appointed investment bankers Nomura to advise on strategic options for the company, according to Sky News, with insiders suggesting a sale is very likely.

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Related news:

  1. Kwik Fit benefiting from increased mechanical work
  2. Itochu sold 26 Kwik-Fit freeholds in the first half of 2020
  3. UK tyre retailers continue right-sizing
  4. Kwik Fit expanding into Italy, across Europe
19th September 2020/1 Comment/by Chris

Sentury Tire joins the Shenzen Stock Exchange

Company News, International News, Premium

Having received approval back in June, Qingdao Sentury Tire has successfully completed its Initial Public Offering (IPO) and is now listed on the Shenzhen Stock Exchange (China) as of 11 September 2020. 11 per cent of the company’s shares were valued at 1.31 billion yuan (162 million euros; £149.859 million) by investors, resulting in a theoretical total valuation of 1.47 billion euros. The offered shares offered were oversubscribed 2887 times over. But what is the company planning to do with its newly-raised funds?

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Related news:

  1. Georgia selected as location for $500 million Sentury Tire US factory
  2. Nexen appoints Seung-Do Jin as new European president
  3. Giti to build $560 million US tyre plant
  4. Sentury internationalising with US tyre factory investment
11th September 2020/by Chris

MOTs worth £177 million a year in UK tyre sales

UK News
Autotech

Together, the increased utilisation of independent contractors on the supply side and record online search figures on the demand side show that MOT testing is booming. Considering that MOTs were put on hold for roughly four-and-a-half months between March and August (let’s not even mention the Northern Ireland MOT crisis), this is good news. Word of a coming MOT spike will be warmly welcomed by the tyre and aftermarket associations that lobbied government for the end of the MOT extension on both road safety and economic grounds. But what exactly does the apparent boom look like? And why does it matter to the tyre trade?

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Related news:

  1. Still going strong: 4×4 tyres continue to overcome obstacles
  2. MOT test demand set to spike in 2019
  3. MOT exemption starts on 30 March 2020
  4. NTDA: MOTs are central to vehicle safety
9th July 2020/by Chris

Metropolitan Police fleet tyre demand

UK News
Photo: Dom J; Pexels

As part of the Fleet feature within the June edition of Tyres & Accessories, we investigated the various tyre demands of leading Police fleets. Amongst other things, we found that Kent Police are the most tyre-hungry and that – despite being contracted to basically two manufacturers under the Crown Commercial Service agreement – such fleets are actually surprisingly open to competing tyre manufacturers. With this in mind, and continuing our series analysing Police fleet tyre preferences, this month we take a closer look at Metropolitan Police fleet tyre demand.

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Related news:

  1. Kent Police are the most tyre-hungry
  2. Investigating the national Police fleet’s tyre demands
  3. Goodyear commands 75% share of West Midlands Police tyre fleet
  4. Goodyear Dunlop retains Police contract
29th June 2020/by Chris

Kent Police are the most tyre-hungry

UK News
Largest Police Forces bar chartStatista; Tyre Industry Publications Ltd

Continuing our series investigating UK Police fleet tyre demand, we looked a little closer at the differences between the various regional forces tyre preferences. Despite the fact that, as we have seen, tyre purchasing is based on a national framework agreement, there was a surprising amount of variety in both tyre policy and what actually happened when the rubber hit the road, so to speak.

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Related news:

  1. Investigating the national Police fleet’s tyre demands
  2. Metropolitan Police fleet tyre demand
  3. Goodyear commands 75% share of West Midlands Police tyre fleet
  4. Goodyear Dunlop retains Police contract
5th June 2020/by Chris

From Mini to Maxi: six decades of Mini tyres

Premium, Product News, UK News

It’s not just the car that’s grown. This August Mini officially began celebrating the iconic marque’s 60th anniversary. We at Tyres & Accessories wanted to join in with the celebrations by sharing a couple of interesting points about how the Mini’s tyres have evolved over the last 60 years.

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Related news:

  1. Michelin the number one consumer researched tyre brand: Tyre Reviews
  2. Top tyre manufacturers deny involvement in tyre test manipulation
  3. BMW selects Hankook UHP, winter tyres for 7 Series OE fitments
  4. Conti seals hat-trick in Auto Express winter tyre test reflecting British climate
8th August 2019/by Chris

MOT test demand set to spike in 2019

Premium, UK News
MOT Tyres DVSA DVA

The combination of increasing demand for MOTs and stricter test criteria look likely to create a boom in demand at garages and for tyres in particular.

After years of post-financial crisis scrappage schemes and investment, the UK car industry got used to boom times and consecutive year-on-year growth.

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Related news:

  1. MOTs worth £177 million a year in UK tyre sales
  2. TyreSafe: significant increase in cracked wheel rims
  3. Bigger data, bigger voice
  4. UK tyre retail: Second tier growth continues
30th January 2019/by Chris

The thinking behind Bridgestone’s TomTom Telematics acquisition

Company News, International News, UK News

Bridgestone’s successful acquisition of TomTom Telematics follows earlier reports that both Michelin and Bridgestone were vying to buy the Telematics business unit from Netherlands-based company TomTom. In addition, according to Dutch financial daily Het Financieele Dagblad, Michelin was one of four in the running. For its part, Michelin was allegedly aiming to add the business into its Michelin Solutions portfolio. Clearly, in order to maintain its original plans and to compete with Bridgestone, Michelin will now have to find an alternative way of moving forward.

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Related news:

  1. Michelin launches fleet tyre management apps
  2. Michelin Tire Care [strategy] launched
  3. Bridgestone Europe completes acquisition of TomTom Telematics
  4. Bridgestone buying Tomtom Telematics for 910 million euros
29th January 2019/by Chris

Two-thirds of UK consumers against winter tyres

Premium, Product News, UK News

67 per cent of drivers don’t think winter tyres are worth the investment, according to an online poll conducted by Co-op Insurance on 25 January 2019. The Twitter-based poll received votes from 4,084 individuals and a stream of interesting comments on the subject followed.

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Related news:

  1. Pirelli launches first all-season tyre with ‘seal inside’
  2. Long-term trend shows winter tyres receding, all-season rising in UK
  3. Vredestein Quatrac 5 launch designed to make a marque
  4. Zeetex launches all new winter tyre range, including all-season fitment – videos
28th January 2019/by Chris

Dmack to take ‘full control’ of tyre production in Marangoni Rovereto deal

Career Tracks, Company News, Motorsport, UK News

Global motorsport tyre brand Dmack has announced that it will “open its own tyre manufacturing facility” in Italy, following a deal to use part of Marangoni’s Rovereto plant in northern Italy. The Carlisle-based brand said it would be “capable of producing up to 250,000 tyres per year” at Rovereto, with the “flexibility to tailor short production runs for very specific applications and to meet demands for control tyre championships.” The company adds that it wants to transfer its technical capability into racing by producing world-class products for the circuit racing and track markets. Most famous for supplying tyres to the FIA World Rally Championship since 2011, Dmack tyres were previously produced by Chinese manufacturer, Shandong Yongtai, which recently went into administration, before shifting to Cooper Tires’ UK factory in Melksham, which itself is set to reduce production by a half when it halts production of road-going light vehicle tyres next year.

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Related news:

  1. Dmack seals sixth British Rally Championship victory in Carlisle
  2. Dmack targeting ‘correct’ dealers to deliver mid-range PCR strategy
  3. Dmack said to be looking at UK production
  4. Dmack launches UK-made gravel tyre range
21st November 2018/by Andrew

Growth in every size segment from 17” up, but rapidly slowing

Market Info, Premium, Product News, UK News

The UK’s high performance tyre sector – in this case defined by tyre diameters of 17” and above – has continued its growth trend, but at a very much slower rate than in 2017.

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Related news:

  1. Ultra high performance tyres – a premium market place?
  2. High performance tyre segment growing across Europe
  3. UHP tyre prices recovering…
  4. Tyre sell-out up 4% overall, value tyre sales growth outpaces premium 4:1
14th June 2018/by Andrew
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