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Halfords ‘motoring revenue’ will be 70% post National Tyres acquisition

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Halfords

According to Halfords, the acquisition of National Tyres delivers “on its strategy to become a Motoring Services focused business”. Halfords Autocentres has always been amongst the most profitable parts of the overall Halfords Group businesses and financial figures have consistently shown that autocentre-related revenue is amongst the fastest-growing parts of the group. But what the National Tyres acquisition specifically means is that what Halfords terms “motoring revenue” will “represent more than 70 per cent of Group pro-forma revenue”.

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Related news:

  1. Halfords buys National Tyres and Autocare in £62 million deal
  2. Iverson Tyres also bought by Halfords
  3. Halfords Buys Nationwide Autocentres for £73.2 million
  4. McConechys website migrates to Halfords.com
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Iverson Tyres also bought by Halfords

Bridgestone

In addition to the acquisition of Axle Group/National Tyres, Halfords has also bought London-based Iverson Tyres, which describes itself as a “specialist supplier and fitter of tyres and provider of adjacent maintenance services”. Iverson Tyres was founded in 1992 and is made up of four locations in Chiswick, Hanwell, Northolt and Farnham Common.

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Related news:

  1. Halfords buys National Tyres and Autocare in £62 million deal
  2. Halfords Buys Nationwide Autocentres for £73.2 million
  3. Nationwide Autocentre Purchase Brings Halfords Full Circle
  4. Halfords and Mobivia forge long term sourcing alliance
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Halfords buys National Tyres and Autocare in £62 million deal

Halfords is paying £62 million for National, the tyre and automotive servicing, maintenance and repair business, which operates under the National Tyres and Autocare, Viking Wholesale Tyres and Tyre Shopper brands. As a result, Halfords’ garage estate will grow by more than 60 per cent (from 372 to 604 garages), offering MOT, servicing, fitting and repair services. According to Halfords, this deal makes it “the largest vehicle service, maintenance and repair business in the UK, with the majority of UK households within a 20-minute drive of a Halfords garage.” However, Tyres & Accessories data suggests European Tyre Enterprises Ltd (ETEL), which incorporates 650 Kwik Fits in its portfolio, is still the largest in the UK with a total estate of 740 at the last count.

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Related news:

  1. Axle Group investing £12 million in acquisition strategy
  2. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  3. Goodyear and Halfords moves represent the virtualization of the tyre distribution chain
  4. Halfords buys Universal Tyres and Autocentres for £15 million
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Halfords launches video game during Tyre Safety Month

Halfords

Halfords has been drawing motorists to a two-minute tyre safety video game to test drivers’ knowledge during Tyre Safety Month. The game, 20,000 Miles in Two Minutes, has condensed a tyre’s 20,000-mile lifespan into two minutes – testing how drivers will react to and overcome road hazards as they make their way along a dual carriageway.

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Related news:

  1. Micheldever/Protyre wins inaugural TyreSafe award
  2. Giti lauds GT Radial network’s ‘exceptional’ Tyre Safety Month support
  3. TyreSafe award winner makes tyre safety message its New Year’s resolution
  4. Arnold Clark joins TyreSafe
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Tirebuyer to implement Avalyer soon

Michael Welch

Just a few months after Halfords announced that it has entered the B2B software market by making American Tire Distributors Inc. (ATD) the first customer of Halfords’ Avayler proprietary multiple location “service delivery” software, Michael Welch reports that he has been collaborating with Halfords in a bid to find out more about Avayler.

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Related news:

  1. Halfords sells its Avayler software to American Tire Distributors (ATD)
  2. Tirescanner reports 400% sales growth in first quarter
  3. TireScanner appoints three ex-Blackcircles execs
  4. Tirebuyer.com and Tirescanner.com merge
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The spectacular garages on Halfords prize shortlist

Halfords

From Bond villain hideout to American retro, the shortlist for the Halfords Garage of the Year competition has everything. Launched in June, and having attracted hundreds of entries, a shortlist of 20 has now been selected. The winner will be announced in the coming weeks.

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Related news:

  1. Halfords Aims to Add 200 Nationwide Branches, Double EBIT
  2. Sigmavision’s TreadReader wins TyreSafe Innovation and Technology Award    
  3. 2017 Tyre Industry Awards winners announced
  4. TyreSafe calls for submissions ahead of refreshed 2021 online awards
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Autocentres drive strong Halfords 20-week figures

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Halfords

Halfords Group plc announced a strong trading update on 8 September, with the 20-week figures once again illustrating the rapid growth of the company’s automotive businesses such as Halfords Autocentres and its more recently-acquired tyre wholesale and truck tyre operations.

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Related news:

  1. Halfords Buys Nationwide Autocentres for £73.2 million
  2. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  3. Halfords Autocentres reports 89.6% increase in pre-tax profit – next stop ‘market leadership’
  4. Lodge Tyres consolidated in 2020, growing in 2021
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Halfords pilots integrated branch concept

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Halfords

On Friday 3 September Halfords unveiled its new retail concept at its recently refurbished Colchester branch. The new concept seeks to integrate the differing parts of the Halfords portfolio (including autocentres and mobile experts) and was hailed by CEO Graham Stapleton as “the future of Halfords”. As well as the Colchester pilot, the new concept will be trialled in two other locations.

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Related news:

  1. Halfords Buys Nationwide Autocentres for £73.2 million
  2. Nationwide Autocentre Purchase Brings Halfords Full Circle
  3. Halfords and Mobivia forge long term sourcing alliance
  4. Halfords Autocentres offering free MOTs
/by

AFCAR formed to champion independent automotive aftermarket rights

Tim Samuel; Pexels

A coalition of trade associations (including the NTDA) and commercial organisations (including Halfords and Kwik Fit) has been formed to lobby the UK government to uphold “the rights of the independent aftermarket and consumers in the post-Brexit era.” The UK Alliance for the Freedom of Car Repair (AFCAR), which derives its name from the European group of the same name, will primarily lobby on the Motor Vehicle Block Exemption Regulations (MV-BER), Vehicle Type Approval (including access to Repair & Maintenance Information) and Cybersecurity.

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Related news:

  1. AALG outlines post-Brexit lobbying position
  2. Wendy Williamson to become IAAF chief executive
  3. Lord Coe to speak at Automechanika Birmingham Aftermarket Power Network
  4. Garage reopening best-practice issued by GEA, SMMT
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Lodge Tyres consolidated in 2020, growing in 2021

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Tyre Industry Publications Ltd

Following Halfords’ recent acquisitions of Universal Tyres and McConnechy’s before that, many have speculated regarding what the future holds for Lodge Tyres. Rumours aside, the short story is that Lodge Tyres had a good 2020 despite the obvious Covid-19-related adversity and is set for further growth in 2021. Tyres & Accessories met with Lodge Tyres managing director Andy Christmas and commercial director Martin O’Brien in order to get the latest details straight from Lodge Tyres’ management.

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Related news:

  1. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  2. Halfords buys Universal Tyres and Autocentres for £15 million
  3. Goodyear and Halfords moves represent the virtualization of the tyre distribution chain
  4. Halfords Autocentres reports 89.6% increase in pre-tax profit – next stop ‘market leadership’
/by

Halfords sells its Avayler software to American Tire Distributors (ATD)

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ATD

Halfords has entered the B2B software market by making American Tire Distributors Inc. (ATD) the first customer of Halfords’ Avayler proprietary software which streamlines “service delivery for companies that operate in multiple locations.” According to Halfords, the Avayler platform will underpin ATD’s operations, supplying tyres to 80,000 garages across the US. ATD will also be the exclusive provider of the Avayler Mobile platform to the North American automotive market. ATD is one of the largest independent suppliers of tyres in the US replacement market and the part owner of Tirebuyer.com (which was established by blackcircles.com founder Mike Welch). No price details associated with the sale of the Avayler software system to ATD have yet been disclosed.

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Related news:

  1. Tirebuyer.com and Tirescanner.com merge
  2. Michelin Tire Care [strategy] launched
  3. Halfords buys Tyres on the Drive for £746,000
  4. McConechys website migrates to Halfords.com
/by

Halfords Autocentres reports 89.6% increase in pre-tax profit – next stop ‘market leadership’

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Halfords

The Halfords Group reported a strong set of full-year 2021 that saw the company generate total sales of 1,292.5 million in 2021, up 13.1 per cent compared with the 2020 financial year (2020: 1,155.1 million). The financial report, which was published on 17 June 2021, shows that by all measures pre-tax profits skyrocketed. Indeed, Halfords Group reported profit before tax after the impact of IFRS 16 of £64.5 million, which amounts to a headline-grabbing increase of 184.1 per cent compared with the previous year.

Halfords Autocentres accounted for an increasing proportion of the group’s overall sales figures, reporting 2021 sales of £252.5 million, up 31.6 per cent compared with 2020’s £194.1 million.

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Related news:

  1. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  2. Halfords’ major tyre retail play
  3. Halfords reports £1 billion annual group revenues, a year earlier than planned
  4. Goodyear and Halfords moves represent the virtualization of the tyre distribution chain
/by

Halfords runs £5000 best home garage competition

Halfords

We’ve all seen the meme. Mechanic hourly rate: Standard – £100; £175 if you watch; and £200 if you worked on it first! Nevertheless, with 40 per cent of people spending more time in their garage during lockdown than before, Halfords is running a “best home garage” competition. The prize? £5000 cash and a “Halfords Ultimate Garage Bundle”.

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Related news:

  1. Halfords Autocentres makes first Dallaglio Foundation-linked appointment
  2. Halfords and Mobivia forge long term sourcing alliance
  3. Is there danger lurking under your gloves?
  4. What will become of ULM and Universal Tyre Wholesale?
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What will become of ULM and Universal Tyre Wholesale?

Halfords

Halfords’ recent acquisition of Universal Tyres follows the acquisition of McConnechy’s Tyre Service Ltd for £8.5 million and Tyres on the Drive for £746,000 back in November 2019. The combination of the McConnechy’s and Universal purchases means Halfords now owns two of the three founding firms of ULM Services Ltd, a fleet servicing business that Universal establishing in partnership with McConnechy’s and Lodge tyres back in 2017. At the same time, Universal runs its own tyre wholesale business. So, what does the latest acquisition mean for the Universal Tyre Wholesale operation? And how was McConnechy’s commercial business folded into Halfords? For that matter, how will the businesses be integrated in general? And what does this all mean for ULM?

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Related news:

  1. Halfords buys Universal Tyres and Autocentres for £15 million
  2. Universal buys three Tyrework branches from KRT
  3. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  4. Nationwide Autocentre Purchase Brings Halfords Full Circle
/by

Halfords buys Universal Tyres and Autocentres for £15 million

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Halfords

Halfords has extended its reach into the UK tyre retail space with the acquisition of Universal Tyre and Autocentres for £15 million. Kent-based Universal has 20 garages and 89 commercial vans operating in the South East and on the east coast of the UK. Universal also operates 1 warehouse/head office and from 5 other sites. The company specialises in the supply and fit of tyres for a wide range of vehicles, from cars to commercial and agricultural vehicles. Universal branches also offer general car maintenance and repairs such as brakes, servicing and MOT.

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Related news:

  1. Universal buys three Tyrework branches from KRT
  2. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  3. Goodyear and Halfords moves represent the virtualization of the tyre distribution chain
  4. Bridgestone buys ETB, Britannia Tyres
/by

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