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TIA Names Six to Tire Industry Hall of Fame

(Tire Review) The Tire Industry Association (TIA) announced the recipients of the 2010 Tire Industry Hall of Fame: Gus Hawkinson, owner of Hawkinson Tire Consulting; Nick Hodel, former CEO of Portland Tire Factory; Russell MacCleery, a retired tyre industry veteran; Gary Nash, director of OTR Sales for Yokohama Tire Corp.; Jerry White, chairman of White Tire Supply; and Don Blythe, former executive director of the Western Canada Tire Dealers Association. The Hall of Fame inductions will take place as part of TIA’s Tire Industry Honors event, from 18-19:30 on 1 November at Paris Hotel in Las Vegas.

12th August 2010/by Tyrepress Editors

E-Commerce Growth Drives Delticom Revenues in H1, 2010

In reporting its financial results for the first half of the 2010 financial year, Germany’s Delticom AG – the company behind mytyres.co.uk – observed a marked difference between the performance of its main e-commerce business and its comparatively small-scale wholesale operation. Delticom notes the continuation of the global economic recovery during the first and an improvement in conditions in most European countries, yet has also seen that within the “strong rebound” in its home market Germany domestic demand has lagged behind the improving consumer sentiment. Therefore, while the internet is “steadily gaining significance as a sales channel”, Delticom states that the late-cycle retail sector as a whole “has not yet been able to benefit from the upturn to the same extent as other sectors of the economy.”

10th August 2010/by Tyrepress Editors

RMI Call For Participation in Online EU MOT Survey

Retail Motor Industry (RMI) MOT chairman John Ball, is urging members, industry colleagues and consumers, to take the opportunity to make their voice heard by participating in an EU MOT survey, which runs from 30 July to 24 September: “This survey is a chance to make clear your view on the importance of the MOT and highlight the potential issues with and reduction in the regularity of testing”.

9th August 2010/by Tyrepress Editors

Analysts: Nokian Tyre 2Q Net Income 80% Ahead of Expectations

Following Nokian Tyres’s reporting of second quarter revenues of 260 million euros (13 per cent higher than consensus, up 36 per cent year-on-year), financial analysts have praised the Finnish tyremaker for beating net income predictions by up to 80 per cent and an overall “good quarter.” Searching the detail of the company’s second quarter presentation also reveals that, due to raw material price increases, the market can expect tyre price increases of 2 – 6 per cent during the summer and autumn of 2010. Other key company targets for the second half of the year include: to increase sales in all areas especially Russia, increase market share in core markets, and to “utilize the most feasible capacities.”

6th August 2010/by Tyrepress Editors

Maxxis Confirms Two More Performance/Tuning Show Appearances

Maxxis says it will promote its products to “around 75,000 performance car enthusiasts” expected to attend seven shows at which the brand will be present this summer. In addition to this weekend’s Ultimate Street Car show and the British Superbike Championship, Maxxis has today confirmed it will attend Total Vauxhall Live on 7 August and Ford Fair on 8 August). Maxxis is the exclusive tyre partner of Future, the special-interest media company behind some of the UK’s most successful performance events, magazines and websites. The deal guarantees Maxxis a prominent position within the Platinum Retail Village at both Ford Fair – billed as ‘Europe’s biggest and best Ford festival’ – and Total Vauxhall Live, a new Vauxhall circuit event.

5th August 2010/by Tyrepress Editors

Footfall Up Alongside Gross Profit at HiQ

HiQ has reported year-on-year increases in turnover and gross profit in its half-year report. Turnover has risen by more than 7 per cent, while gross profit increased by “a double digit figure”, the network reported. In addition, HiQ’s 145 centres welcomed more than 8 per cent additional customers. The fast fit network said its partnership-led franchise structure is a major factor behind the increases. The number of HiQ sites has increased by six since the end of April, suggesting this has had a strong role in the continued upward trend.

3rd August 2010/by Tyrepress Editors

Hankook on Track to Achieve Planned European Market Growth

During the second quarter of 2010 Hankook Tire’s sales in Europe put the tyre maker in a good position to achieve its growth goals within the region. Year-on-year growth in the three months to June 30 was 17.8 per cent, with sales of products from its Dunaújváros plant in Hungary increasing 20.3 per cent year-on-year following a 17 per cent year-on-year growth in the first quarter.

3rd August 2010/by Tyrepress Editors

MOT Rule Change Could Risk Lives

Following the recent news that Gloucestershire coroner Alan Crickmore called on the Department for Transport (DfT) to pay more attention to tyre age during MOT inspections, the NTDA has reported that it has also written to DfT on the subject of statutory testing. While not on the subject of tyre ageing, the NTDA’s letter referred to the fact that some quarters are suggesting that the currently annual mandatory roadworthiness test be made a bi-annual requirement. The DfT’s mailbag is set to get fatter still when Tyre Industry Federation (TIF) are reportedly due to put pen to paper on the subject as well. According to the latest NTDA e-zine email newsletter, the NTDA raised the matter at last month's TIF board meeting. A template is reportedly available for members who wish to make their own views felt on this very safety critical subject.

2nd August 2010/by Tyrepress Editors

Stamford Tyres Probing Markets for Increased Penetration following “Foundational” FY2010

Stamford Tyres is a business of two major halves. Firstly it runs a distribution business in nine countries including its home nation of Singapore; secondly it is the manufacturer of its SSW brand of wheels and the owner of its outsourced manufactured Sumo Firenza proprietary brand tyres, which it displayed in Europe recently at Essen 2010. “We help the plants with technical assistance, with our own designs for products, and we own our own tooling,” explained the company’s CEO and president, Wee Kok Wah when Tyres & Accessories interviewed him on his recent visit to London following Reifen 2010. “That way we can gear our capacity quite quickly and easily. We have a large team of engineers in China to deliver product quality assurance. The product meets the highest standard that you want.”

2nd August 2010/by Tyrepress Editors

Micheldever Tyre and Auto Services Commits to Motor Codes

Micheldever Tyre and Auto Services has signed-up to the Motor Industry Code of Practice for Service and Repair. The company, which sells about six million tyres a year, has subscribed its 50 ‘Protyre’-branded outlets to the Code aiming to enhance the company’s profile and reach while reinforcing its high customer service standards.

“The decision to subscribe to the Service and Repair Code was taken after extensive research into both our customers’ requirements and the need for the whole industry to raise its standards,” said Simon Hiorns, retail director at Micheldever. “We recognise that in many cases the motor industry needs to build trust with its customers, as over the years, this has been eroded by ‘cowboy traders’. Protyre has built a reputation for providing exceptional service, something that Motor Codes allows us to promote to our customers.

30th July 2010/by Tyrepress Editors

Kwik-Fit Appoints New Fleet Sales Director

Kwik-Fit has named Peter Lambert as its new sales director for Kwik Fit Fleet. Effective 2 August, Lambert replace Mike Wise who has decided to “explore other opportunities.” Reporting directly to Kwik-Fit Group Chief Executive Ian Fraser, the focus of the role will reportedly be to build on Kwik-Fit Fleet’s traditional tyre business through further expanding its Service, MOT and repair sales, reflecting the strategy that has been successfully rolled out within its retail operation.

Peter Lambert has 25 years experience in the UK motor industry and during this time he has held a variety of roles with Ford, Toyota and DaimlerChrysler. At DaimlerChrysler he was sales and marketing director for Mercedes-Benz Vans and managing director of Chrysler UK. More recently he was managing director for Rossetts Commercials, the Mercedes-Benz commercial vehicle dealer for Sussex and Surrey.

30th July 2010/by Tyrepress Editors

Pirelli Sells CPK Tyre Wholesale Business to Stapleton’s

Company News, UK News

Stapleton’s Tyre Service has agreed terms to buy Pirelli’s CPK tyre wholesale business for an undisclosed sum. A TUPE consultation process commenced with elected representatives of CPK on Monday 26 July. The sale is said to fall within Pirelli UK's strategy to focus on its core business, which does not include tyre retail or wholesale operations.

28th July 2010/by Tyrepress Editors

Halfords Reports Group Revenues Up 9.6%, Flat Autocentre Sales

Halfords has reported that its group revenues (the period from 3 April to 26 July 2010, incorporating first quarter financial performance for the 13 weeks to 2 July 2010) increased 9.6 per cent year-on-year, reflecting the acquisition of Nationwide Autocentres in February 2010. However, like-for-like revenues at Halfords’ Retail and Autocentres business units were down -2.1 per cent and flat respectively. As a result, the Group level, this represented a like-for-like revenue decline of –1.9 per cent.

27th July 2010/by Tyrepress Editors

HiQ Announces Open Days to Celebrate Erdington Refurbishment

Following a £170,000 makeover, HiQ is ready to show its Bromford Lane, Erdington centre off to the public. The fast fitter says the Erdington outlet’s fortunes have enjoyed a “huge upturn” since its refurbishment and rebranding and thus between Thursday July 29 and Saturday July 31 it will officially commemorate its new look with a series of safety oriented charity events.

27th July 2010/by Tyrepress Editors

Cefni Tyres Win Grouptyre, Continental World Cup Promotion

Cefni Tyres of Llangefni, Gwynedd was named the winner of the first prize in the football themed national promotion organised by Grouptyre and Continental during the early stages of the World Cup last month. The retailer received a Sony 46” full HD LCD TV and home cinema system in the promotion, which ran throughout May, and was presented with the prize by its local Grouptyre member Oak Tyres.

19th July 2010/by Tyrepress Editors