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Analysts Praise Delticom's Performance

Financial analysts have given Delticom AG a “Buy” rating and a set 24 euro target price, above the company’s current level of around 20 euros. The Deutsche Bank analysts described Delticom as “a very attractive business model in the fragmented tyre replacement market” and were clearly impressed with their performance to date. “In 2009, one of the worst years ever in the tyre industry, Delticom targets 10 per cent revenue growth and increased its EBIT-margin outlook from 6 to 7 per cent. We think Delticom's eCommerce focus will lead to further market share gains and allows for annual revenue growth of 13.4 per cent and earnings per share growth of 18.4 per cent (estimated company annual growth rate from 2008-2011).”

14th September 2009/by Tyrepress Editors

Conti Promotes Online Fuel Calculator

Continental Tyre Group is highlighting the benefits of using its free online fuel saving calculator to lower operational costs. Continental’s fuel saving calculator is designed to compare all premium competitor products for regional and long distance applications. By entering the fleet size, the number of kilometres travelled per year, the average fuel consumption of the selected tyre brand and the fuel cost in £ per gallon, the tool calculates the annual fuel consumption with the chosen brand and the annual fuel spend.

27th August 2009/by Tyrepress Editors

Thorite Webstore Offers Big Name Compressors

Thorite, has added a substantial number of new compressors to its range of workshop series piston compressors. Established models from FIAC and Thorite’s own brand Diamond Professional and Performance ranges and now joined by the latest models from big name manufacturers ABAC and SIP. The two new ranges offer a wide choice of outputs, all at the most competitive prices: There are 1.5 and 2.5hp direct drive portables, 3hp belt drive portables and belt drive stationary models ranging from 3hp to 10hp.

26th August 2009/by Tyrepress Editors

Tyrepac Extends Online Presence into Malaysia

Asia’s first online retail tyre portal, Tyrepac, was launched in Singapore last February. Since that time the website has extended its presence into Hong Kong, China and South Korea. The company has now officially added Malaysia to the growing list of countries covered.

19th August 2009/by Tyrepress Editors

Tyrepress.com Launches New Website

Click "register" in the top right-hand corner of this page to update your tyrepress.com registration free of charge. The system will then send you a confirmation email. Once this has arrived, browse to http://ww.tyrepress.com and select "sign in" at the top right of the page. After this you should see confirmation of your successful log in and will be able to browse the whole of the new site and comment on our new forum. Call +44 (0)1782 214224 or email info@77.237.250.82 if you have any further questions.

13th August 2009/by Tyrepress Editors

Delticom Revenues 14.5% Improved in First Half 2009

Despite an increase in revenues during the first half of 2009, Delticom CFO Frank Schuhardt retains a cautious outlook towards the company’s full-year performance. "Consumers across Europe are going to feel the effects of the crisis over the coming months,” he commented. “This is bound to have an impact on the tyre trade. Consequently, we should not assume that Delticom will be as profitable in the second half of the year as it was in the first half."

13th August 2009/by Tyrepress Editors

Bike Tyrestore Increases Premium Two-Wheel Tyre Prices

Leading two-wheel tyre wholesaler, Bike Tyrestore, has announced that it is to increase its prices for “key sizes” by Bridgestone, Dunlop and Michelin. For specific prices, the company recommends that customers visit the “YOUR Online Warehouse” of www.worldofbiketyres.com.

24th July 2009/by Tyrepress Editors

New Sizes, Website For Nitto Touring Line

Nitto Tire U.S.A. has added six new sizes for its luxury-touring tyre, the NT850 Premium. Among the new sizes, Nitto said, are OE replacement sizes for popular sedans, including the Acura TL, BMW 3-Series, Ford Fusion and Infiniti G35.

Sold exclusively through American Tire Distributors, the NT850 is backed by a national marketing campaign that includes in-store displays, print and online advertisements, and a newly launched website – www.NT850.com.

The six new sizes – all extra load – include 205/55R16 94V, 235/50R17 100V, 225/45ZR18 95W, 225/60R18 104V, 235/50ZR18 101W and 245/45ZR18 100W. All of the new sizes have a UTQG of 500AAA, and are backed by a 30-day consumer satisfaction guarantee and a 50,000-mile limited treadwear warranty. (Tire Review/Akron)

17th July 2009/by Tyrepress Editors

Report Shows Real Cost of Scrappage Schemes

With our own scrappage scheme now underway, it is perhaps timely to look at the experiences of our European neighbours. It is estimated that some 3.6 million new cars will be sold in Germany this year, around 800,000 more that would have been the case without the country’s 2,500 euro scrapping incentive, which owners of vehicles more than nine years old are eligible to take advantage of. However a report from the German website ‘Kfz-Betrieb Online’, based on a study conducted by automotive industry business intelligence provider Eurotax-Schwacke indicates that government incentives to scrap old cars are no silver bullet. “The premium doesn’t rescue the [automotive] sector, it only defers the problem,” stated Eurotax Schwacke managing director Michael Bergmann.

16th July 2009/by Tyrepress Editors

Polish Online Wholesaler Expands European Web Presence

Polish online tyre wholesaler Oponeo.pl is preparing to launch its new Italian website in the next two to three weeks. This latest site will join the company’s German, Spanish and French pages, which entered operation this year.

“In countries in which we launched our e-stores, sales are already taking place. We are continuously working on improving the websites and increasing their functionality,” Ernest Pujszo, responsible for developing Oponeo.pl’s foreign sales, told the Warsaw Business Journal.

15th July 2009/by Tyrepress Editors

Delticom Celebrates 10th Anniversary

Europe’s leading online tyre business, Delticom AG (mytyres.co.uk in the UK), has been celebrating its 10th Anniversary by offering special additional discounts of up to 10 per cent off its normally competitive prices. “The formula for our success is our more than 3 million satisfied customers to date and the fact that we do not want to stop being better,” Rainer Binder, CEO of Delticom AG, explained, adding: “More and more drivers buy their tyres online. In the current economic situation across Europe, a rising number of consumers are discovering favourably priced purchasing opportunities on the Internet, which they can find with us in 35 countries and in more than 100 online shops.” According to Delticom, the company’s prices are on average 20 to 25 per cent cheaper than traditional tyre dealers. Moreover customers are offered a worldwide network of about 24,000 service partners, who mount the tyres professionally for “reasonable prices.”

14th July 2009/by Tyrepress Editors

Tire Review Top Shop Deadline Today

Today is the final deadline to enter the 2009 Tire Review Top Shop Awards presented by Ammco/Coats, which seeks to honor the “best of the best” independent tyre dealers in the US and Canada. Entries will be accepted until midnight tonight. Entry forms and information are now available via the Top Shop Awards Web site at www.tirereviewtopshopaward.com. Complete entries can be made right online. Dealers can nominate their own businesses, or others can nominate tyre dealer businesses. The entry process is simple: Those making the nomination need to provide basic information about the dealership being nominated and write a short (300-word maximum) essay explaining why that dealership should be considered.

10th July 2009/by Tyrepress Editors

Conti AutoLinQ Takes Cars Online

The debate on exactly what automotive components and add-ons belong in the “accessories” section of T&A has been raging since June 1946, and to perfectly honest it may continue to be discussed over morning coffee for many years to come. With any luck these caffeine-fuelled conversations will err in favour of a new development from Continental AG, the AutoLinQ. This hardware and software solution from the company’s Interior division achieves the far from insignificant feat of taking the humble motorcar online.

Conti poses a hypothetical scenario: You have flown off on vacation and are sitting in the sun, and suddenly something pops into your head…“Did I shut my car window?”

1st July 2009/by Tyrepress Editors

Hankook Announces US “Tames the Road” Rebate

Hankook Tire America has launched a $50 consumer rebate programme. Its latest “Tame the Road” promotion provides a $50 mail-in rebate for the purchase of four Ventus V12 evo radials. The rebate programme runs until 31 August, Hankook said, and will be promoted in enthusiast magazines, online search adverts and dealer-level POS and TV/radio spots.

“Hankook is listening to the needs of our dealers and consumers alike,” said Bill Bainbridge, director of brand communications for Hankook. “We understand that in today’s challenging economic environment Hankook dealers are looking for a competitive edge and consumers are looking for the most value with their purchase. With this rebate offer we believe we’re accomplishing both.” (Tire Review/Akron)

17th June 2009/by Tyrepress Editors

Details of Virtual Aftermarket eForum Announced

The first-ever Virtual Aftermarket eForum is set for 30 September. The eForum is an educational symposium focused exclusively on e-commerce and business technology in the automotive aftermarket. The planners chose to apply the latest web conferencing and virtual event technology to the eForum this year as a way of delivering the same content with significant savings to attendees and vendor participants. The eForum will be conducted completely on the web through a virtual event portal powered by ON24 of San Francisco, www.on24.com. The ON24 technology will provide a scalable and seamless experience for participants from the moment they register until the conference shuts down in March 2010.

30 September will kick off the eForum with four streaming keynote presentations on leading technology topics with online interaction and Q&A with the presenters. Registered attendees will have access to download exclusive white papers, videos and other presentations from the eForum archive, which will be available for six months. Attendees can network and participate in discussion chats in the eForum lounge. Individuals will be able to search for others with similar interests and start discussion threads about the presentations or other topics. (Tire Review/Akron)

17th June 2009/by Tyrepress Editors