Decennial shift in global PCLT tyre volume market share
The latest global tyre market share figures from tyre industry analyst Astutus Research show how long-established, leading players headquartered in Japan, Europe, and North America have seen their volume share diminish, while Chinese, ASEAN, and selected other markets’ tyre manufacturers’ share has risen. The analyst states that in aggregate, the ten leading PCLT tyre manufacturers based in Japan, Europe and North America (J-E-NA) have lost almost 6 percentage points of market share since the end of 2011 (OE and replacement segments combined, volumes in tyre units). In part this reflects a strategic choice of some to focus on the higher value premium segments of the market.
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November 2019
Click on the CONTINUE READING button to view the November 2019 issue of Tyres & Accessories
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McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
Halfords Group plc bought McConechys Tyre Service Limited, the sixth-largest tyre retail business in the UK, on 7 November 2019 for £8.5 million. This makes the newly-expanded Halfords Autocentres the second largest tyre retailer in the UK.
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Smart tyres, smart infrastructure
Tyre people often remind us that the tyre is a vehicle’s only point of contact with the ground. This is, of course, true and a very salient point. However, as tyres get smarter, so are roads and infrastructure.
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October 2019
Click on the CONTINUE READING button to view the October 2019 issue of Tyres & Accessories
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Kings Road Tyres in administration
Beleaguered wholesale and tyre services company Kings Road Tyres is now in administration, with KPMG appointed joint administrators. The administration comes at the end of nearly a decade of turbulence for the company, which is one of the UK’s oldest tyre wholesale operations, having been incorporated in 1959.
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New UK independent tyre dealer group established
For the last 11 years Tyres & Accessories’ annual UK retail ranking has consistently shown that the top 20 tyre retailers account for around 2000 branches between then. When you consider that there are something like 10,000 tyre points of sale in the UK, this means that these top firms occupy something like 20 per cent of the business between them. The remaining 80 per cent, however, is spread out amongst thousands of businesses with single-shop or small chain operations. It is not uncommon for individual smaller dealers from this overwhelming majority to feel underappreciated by their manufacturer and wholesaler suppliers who – they think – favour the larger chains. Tyres & Accessories recently met up with Stone Tyres founder John Stone and found out how he and around 100 other shops are working to redress the balance.
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Camfin gains right to buy up to 15% of Pirelli shares
Pirelli shareholder Camfin now has the right to buy up to 15 per cent of Pirelli shares. The news came when Camfin announced on 26 September that it had underwritten “an additional financial instrument, maturing in September 2022, denominated ‘Call Spread’ with 8.9 million Pirelli shares underlying”. Call Spread’s shareholding equates to 0.89% of Pirelli’s share capital.
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The top 8 tyre comparison sites compared
We are all familiar with the likes of MoneySuperMarket, CompareTheMarket and Confused.com. Beginning with financial and insurance products, these sites set out to give consumers more choice and the ability to compare the prices. Owing to the fact that tyres are arguably more complex, the tyre industry has moved a bit slower when it comes to comparison. During the last year or so, however, tyre comparison has come of age. So, who are the main players, what are the differences and where did tyre comparison all begin?
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Giti extends Micheldever exclusive distribution of GT Radial, Runway tyres
Giti Tire has extended its exclusive distribution agreement with Micheldever Tyre Services (MTS) for its GT Radial and Runway brands for a further four years. The new deal, which runs until 2022, will continue to cover the passenger car, 4x4 and light truck tyre segments. Tyrepress understands that certain car and SUV sizes of Giti Tires eponymous Giti brand will continue to be available via Micheldever, where no equivalent GT Radial-branded tyre is currently available. The brand was first added to Micheldevers inventory in 10 such sizes in 2018.
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Pirelli regains global social media crown
Pirelli has returned to the top of our global social media ranking after four years away from pole position. The last time the @Pirelli-linked account led the way in Tyrepress’ worldwide meta-metric was in 2015 when the Italian tyre manufacturer well-known for its luxury and supercar marketing won with 84.50 points. Last year, the same score of 84.50 only secured second place for Pirelli. But this time round Pirelli achieved 90.30 with scores over 90 awarded by both Klear and Kred. This marks the first time that any brand has achieved two 90-plus scores in any of our social media rankings since they began eight years ago in 2011.
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Job cuts, changes: Continental responds to evolving automotive market
More than eight per cent of Continental’s current global workforce may be affected by measures introduced over the coming decade to reduce its gross costs by 500 million euros a year from 2023. Continental says up to 20,000 jobs worldwide are expected to be affected by this restructuring programme over the coming ten years; around 15,000 of these by the end of 20
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Prinx Chengshan Europe moves to Germany – Thomas Wohlgemuth appointed MD
Thomas Wohlgemuth has taken over as managing director of Prinx Chengshan Europe, effective 1 September. His appointment coincides with the relocation of Prinx Chengshan’s European head office from Slovakia to Germany. He succeeds Ivan Majsky, who is no longer with the company.
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