Plimsoll: UK Tyre Industry Recipe For Uncertainty
A study of the UK’s leading tyres, exhausts and batteries companies suggests few are fully in control of their overall business strategy. The survey – by business analysts Plimsoll – indicates a remarkable inconsistency in the companies’ commercial and financial behaviour. Very few of the tyres, exhausts & batteries firms planning to come out on top in 2007 in terms of profit and sales will actually achieve their goals.
David Pattison, senior analyst on the project, says: “In today’s highly competitive tyres, exhausts and batteries market you cannot sit still for a minute. If you have seen sales increase this year and good profits, there is a fair chance that next year you will not be able to maintain it. Likewise, if you did not increase sales this year you are going to have to set a priority of trying to grab some growth in the next trading period.”