TWG Chair: Tyre Wholesalers Again Show Recession Resilience
As a man of 40 experience in the tyre trade – and with it the knowledge of three recessions – Tyre Wholesalers Group chair Ashley Croft is in a good position to comment on the effects of the current financial crisis (which, depending on whose opinion you are heeding, may or may not have come to an end). In his speech at the 2009 TWG Annual Lunch, Croft described the past year as a “harsh period”, but made clear that the recession had hit hardest in the tyre business where manufacturers were most committed to supplying original equipment. However, he stated, “replacement market traders have once again proved themselves to be relatively recession-proof”.