Commercial Business

ARTICLES

Goodyear Reports Strongest 1Q Since 2018

Replacement consumer tire sales continue to drive Goodyear Tire & Rubber Co.'s  recovery and rebound from COVID-19, with overall replacement tire volume increasing 14% in the first quarter, a number Goodyear says "significantly" exceeded the industry. The tiremaker recorded sales of $3.5 billion in the period, up 15% from a year ago, yet still shy of pre-pandemic results.


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Countryside Tire bays

Pricing, Supply and Shipping Woes Stress Tire Dealers

Tire prices are going up. Supply issues continue. And tire dealers tell Modern Tire Dealer both are having an effect on what happens at the sales counter. Since nearly every major tire manufacturer has announced a price hike in recent months, MTD set out to find how that’s affecting sales and profitability. We checked in with six dealerships for a progress report as the first quarter comes to a close.


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TIA Boosts Training Efforts With App

The Tire Industry Association (TIA) is partnering with a mobile training platform to deliver TIA-approved training in daily, five-minute sessions. The goal is to increase knowledge retention for technicians who have completed a TIA 200- or 300-level course.


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7 Things to Know About the Goodyear-Cooper Deal

In an effort to assure its 10,000 global employees, Cooper Tire & Rubber Co. answered some frequently asked questions as its potential acquisition by Goodyear Tire & Rubber Co. looms in the future. The FAQ, filed with the Securities and Exchange Commission, provides insights and answers for both companies’ tire dealers, too.


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Yokohama Sets Big Goals to Grow Through 2023

Yokohama Rubber Co. Ltd. has set its global goals for 2023, and part of the company's vision is to increase both original equipment and replacement tire sales while focusing on its Advan and Geolandar lines, as well as its winter tire sales.


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IMAGE GALLERIES

Photos: Top Retreaders Expand for the Future

Retreaders endured an uneasy 2020, but they pushed forward with investments in facilities and technology as they remained focused on the future. Here's a look at the domestic retread tire market in 2021, and some of the people making things happen.