Continuing our 2024 UK tyre retail ranking, here we look at positions 11 – to 15 of the top 25. At the top of this section, the addition of one branch to Mr Tyre’s total means 11th-placed Mr Tyre is creeping up on the top 10 and is now just one centre away from tying for 10th place.
Hankook Tyre UK has announced the winner of its latest promotional competition. Mr. Tyre customer Vincent Square won the top prize of a top-of-the-range Hyundai Ioniq 5 after purchasing Hankook Kinergy Eco 2 tyres from the retailer’s Langley Mill depot. The competition was open to purchasers of two or more Hankook car, SUV or 4×4 tyres from Hankook approved dealers, with daily prizes of £100 in Love2Shop gift vouchers also available during the promotional period.
As can be seen in the top 10 table published yesterday, Halfords Autocentres remains in second place nationally in our 2021 ranking of the UK’s largest retail operations by branch count. Continuing our three-article series on this subject, today’s instalment focuses on places 11 to 20 and finds that the medium to large sized positions are increasingly being taken by autocentre style businesses that make as much money from parts and repairs as they do from tyres (and more than traditional fast fits).
Mr Tyres has opened a new branch in Aston-under-Lyne, Greater Manchester. With the additional of the Ashton-under-Lyne centre, Mr Tyre now has a total of 35 locations across the Midlands and North West of England.
In last year’s ranking of the top tyre retailers in the UK, Tyres & Accessories predicted that the pace of change in the top 20 chains by branch count would result in some jostling for position. This has proved entirely accurate, as two major acquisitions have brought two of 2017’s top 20 into the fold of higher ranked companies, leading to both Micheldever/Protyre, leapfrogging HiQ into fourth place as predicted last year, and Lodge Tyre, into the top 10 from joint-14th last year, making significant jumps in this year’s table. Most other retailers have held relatively stable positions in terms of the number of stores, while our most recent additions to the table, Eden Tyres (15 stores) and Elite Garages (13) were identified as narrowly missing out on places last year.
While many of the names of the top 20 tyre retail chains will be familiar, the last year has seen the continuation of a number of so-called right-sizing and redistribution trends, especially at the bottom end of the top 15 between places (positions 11 – 15). At the same time, one or two medium sized retailers have grown significantly since the last survey, resulting in greater influence from this part of the market. At the same time as this, the total number of branches controlled by the top 20 chains continues to grow – pushing the balance of power further in the direction of those retail multiples.
North Staffordshire-based independent tyre dealer, NSTB Group Ltd, has been acquired by Mr Tyre Ltd. Included in the deal are the company’s three operational branches in Newcastle-under-Lyme, Tunstall and Longton, which are branded as North Staffs Tyre and Battery Autocentres.
The Stafford branch of Mr. Tyre has become the tenth Hankook Masters site in the UK and the third Mr. Tyre depot, after Leicester and Lincoln, to join the Hankook Masters Program. Mr. Tyre and its 28 UK depots has been a Hankook customer for almost 16 years.
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