Industry Analysis & Industry Trends
Smooth road ahead
The Tire Dealers industry is recovering quickly from recession-induced declines. Changes in consumer preferences toward more fuel-efficient tires and pent-up replacement tire demand have helped the industry turn around. The industry managed to avoid the long-term malaise that plagued the domestic automotive sector during the past decade because replacement tires are required for all vehicles and are not tied directly to new cars, which have factory-installed tires. Competition from big-box retailers like Walmart, which offer lower prices and installation services, will continue to pose a threat to operators... purchase to read more
Industry Report - Industry Analysis Chapter
During the five years to 2012, the Tire Dealers industry has been on a bumpy ride, due to volatility across the entire automotive sector. Major US automakers went through bailouts and bankruptcies in 2009, punishing suppliers with the sharpest decreases in sales volumes in decades. Even leading up to the Great Recession, most industries in the automotive sector had been suffering declines, as imported vehicles eroded domestic vehicles' market share. However, this shift failed to affect tire dealers because they supply tires for all vehicles regardless of where they are manufactured. While revenue is estimated to decrease at an annualized rate of 0.5% to $30.0 billion in the five years to 2012, the industry only posted losses in 2008 and 2009... purchase to read more