Several months after putting additional tire dealership buy-outs on hold, Monro Inc. is back in the acquisition game, revealing on Oct. 28 that it has picked up Allen Tire Co., a longstanding independent in southern California, for an undisclosed sum.
While waiting in line to pay for gas yesterday, I glanced at the newspaper rack and spotted an ominous-sounding headline on the front page of the Akron Beacon Journal: “New tire rules could close Akron shops.”
With nearly 30 years at the helm of Tire Source, an independent tire dealership that has six locations throughout northeastern Ohio, Tom White has dealt with just about every tire retailing scenario that you can imagine.
Few Modern Tire Dealer exclusives are more anticipated than the MTD 100, our in-depth look at the 100 largest independent tire dealerships in the United States. The 2020 version of the MTD 100 appears in our July issue – and I promise you, it’s a can’t-miss.
You managed to hire several young, motivated, skilled auto service technicians before COVID-19 hit. How are you planning to retain their services after the economy reopens and there’s more work to go around?
The coronavirus outbreak and resulting economic fall-out have created extra layers of complexity – and uncertainty – that didn’t exist even eight weeks ago. But retreaders will find a way to survive and thrive. They always do.