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Giti Tire extends UK exclusive distribution agreement with Micheldever

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Giti Tire and Micheldever Tyre Services (MTS) have signed a renewed three-year exclusive distribution agreement, extending the wholesaler’s UK supply rights for GT Radial and Runway in the passenger car, 4×4 and light truck tyre segments.

The relationship between the companies began in 2010, and under the terms of the deal MTS will continue to develop the GT Radial Performance Centres (GTPCs) whilst simultaneously promoting Runway across its larger independent network.

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Related news:

  1. TyreClick, CORE programme helping Micheldever support independents
  2. Sumitomo MTS acquisition ‘ensures continuity’ of management, brand strategy
  3. Micheldever management comment on Sumitomo sale
  4. Micheldever ending Kumho tyre distribution in May
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Bridgestone buys yet another French tyre retailer

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Japanese tyre manufacturer Bridgestone has agreed to buy Ayme Group, the owner of France’s largest independent tyre retail chain – Côté Route.

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Related news:

  1. Another retail acquisition for Bridgestone in France
  2. Bridgestone to acquire Speedy France retail network
  3. Bridgestone gathers its three French tyre retailers under First Stop banner
  4. Bridgestone acquisition of Speedy France completed
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Sumitomo MTS acquisition ‘ensures continuity’ of management, brand strategy

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Sumitomo Rubber Industries’ (SRI) £215 million acquisition of the Micheldever Group from Graphite Capital, including Micheldever Tyre Services (MTS), the UK’s second largest distributor of tyres, “ensures continuity” of the management and multi-segment brand strategy, according to MTS chief executive Duncan Wilkes. The move also extends the trend of tyre manufacturers buying into – or indeed buying back into – retail through the acquisition of the UK’s largest chains. In April 2016, Tyres & Accessories pointed out that Micheldever’s Protyre chain was the largest growing in the annual survey of the market’s retail landscape – a factor that will have informed the purchase – and three of the top five (Michelin’s ATS Euromaster and Goodyear Dunlop’s HiQ franchise chain) are now manufacturer controlled.

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Related news:

  1. Sumitomo Rubber Industries to acquire Micheldever Group
  2. Micheldever management comment on Sumitomo sale
  3. Micheldever’s TyreClick to support independents’ online competitiveness
  4. GT Radial presents 3-year development programme at European dealer event
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ATS Euromaster opens training/service centre in Birmingham

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ATS Euromaster has opened a new centre in Rupert Street, Birmingham, that will provide truck servicing, as well as acting as a training centre for new expert technicians.

An upgrade to the existing Aston Truck service centre, ATS Euromaster has invested around £250,000 in a move to new premises which at 22,000 square foot are around double the size of an average service centre.

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Related news:

  1. ATS Euromaster appoints Michael Young as group operations director
  2. NTDA: accreditation scheme widening to include other tyre segments
  3. ATS Euromaster launches national H&S training programme
  4. ATS Euromaster renews Safecontractor for eighth straight year
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Mobivia Groupe to complete acquisition of tyre retailer A.T.U. this month

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German tyre retail and fast fit chain A.T.U. has been sold to France’s Mobivia Groupe. Several hours ahead of a predetermined deadline, New York-based hedge Fund Centerbridge Partners LP, which has owned the network since 2013, successfully negotiated a significant rent reduction with the landlords of its outlet sites, including Lino Management, owner of 273 A.T.U. sites. According to reports, the annual leasing cost for the centres located on Lino-owned properties will fall from 57 million to 30 million euros. The rent reduction clears the way for Mobivia Groupe’s acquisition of the more than 600 A.T.U. centres in Germany, Austria and Switzerland.

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Related news:

  1. A.T.U. sold in restructuring deal
  2. Z Tyre launches flat-rate tyre subscription model in Germany
  3. Michelin buffs away loss-making Laurent pre-cure business in Germany
  4. Fintyre Group employee pay ‘coming’, restarting business operations a priority
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ATS Euromaster opens new Bracknell centre

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ATS Euromaster has opened of a new 5,300 square foot facility in Bracknell – marking the brand’s first presence in the booming Berkshire town.

Located on the Trade City estate on Western Road, the new centre will provide car and van tyre and vehicle maintenance for consumers and fleets. It also means it is situated just a mile from Bracknell town centre, and close to vital transport routes connecting London with the South and South West.

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Related news:

  1. Kerr’s Tyres & Auto to invest £2 million creating 15 new jobs
  2. The growing influence of autocentres on tyre retail
  3. ETEL continues to lead top 20 UK tyre retailers 2019
  4. Retreader Seryt Tyres reports growth in a time of consolidation and attrition
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Tyre sell-out up 4% overall, value tyre sales growth outpaces premium 4:1

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No review of 2016 would be complete without a look at some market data. During the course of researching this feature Tyres & Accessories asked market research specialists GfK to share some key insights into what has been happening in the UK tyre retail market during the last year or so. GfK’s data is contained in the infographic below and discussed here by us. Clearly 2016 hadn’t come to an end at that point, so the data reflects GfK’s Point of Sales Tracking information comparing November 2014 to October 2015 with November 2015 to October 2016.

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Related news:

  1. UHP tyre prices recovering…
  2. Everything pointed to UK tyre market growth in 2014, but…
  3. High performance tyre segment growing across Europe
  4. Mid-range all-season tyres lead market growth
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Westlake start business in Malaysia

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ZC Rubber made its debut in Malaysia through its Westlake Marketing Malaysia subsidiary on 14 November. Hangzhou ZhongCe Rubber, to give the company is more formal name, said it is offering consumers premium quality tyres at an affordable price.

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Related news:

  1. ZC Rubber opens first Westlake store in Brunei
  2. ZC Rubber expanding PCR capacity to meet growing domestic demand
  3. ZC Rubber opens first overseas Autospace store
  4. ZC Rubber opens second Autospace store in Thailand
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Manchester tyre store PPM Autocare rebrands as HiQ West Gorton

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HiQ has added Manchester tyre store PPM Autocare to its franchise network. The store, which has a good local reputation according to HiQ, will reopen as HiQ West Gorton. Commenting on the decision to move to the HiQ Network, workshop manager Phil Statham, said: “Having previously worked for HiQ I knew how PPM would fit well into the network. The level of support and communication we received prior to joining the HiQ network was excellent. It made the move to a HiQ branded store seamless. We are excited to see where the future takes us with HiQ.”

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Related news:

  1. Weeting Tyres’ Kings Lynn store joins HiQ franchise network
  2. HiQ adds Ruthin store to tyre retail franchise network
  3. Update: HiQ to Franchise Off 109 Equity Outlets
  4. HiQ: 47% of centres achieve Gold Standard
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Michelin Auto Professional annual conference explores online opportunities

Customers who research tyres online, but purchase offline were the major topic of this year’s annual conference for Michelin’s Auto Professional network. Michelin estimates that around 70 per cent of tyre purchases begin online – though actual online tyre purchases remain much lower – so tackling this growth market is now an important aspect of tyre retail, as Mark Meagher, retail programme development manager explains.

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Related news:

  1. Michelin launches bespoke training offer to support dealer partners
  2. Michelin Auto Professional UK dealers offered customer service guidance
  3. In From the Cold: Former Michelin Nordic MD Returns to UK
  4. Tyreplus Windsor awarded network 2011 Dealer of the Year
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TyreFinders celebrate Maxxis shop fit with charity day

TyreFinders, is celebrating the success of a new shop-fit by raising over £200 for charity. The Cornwall-based group opened the fifth of its garages in Helston, in July this year, and its celebrations extended further, as this was the second of its five branches to receive the Centre of Excellence title from top ten global tyre manufacturer, Maxxis.

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Related news:

  1. Maxxis treats top dealers to Rome trip
  2. Tyre Specialists in Maxxis Centre of Excellence revamp
  3. Scotts Tyres upgraded into Centre of Excellence dealership
  4. Blackboots gets orange makeover
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HiQ adds Ruthin store to tyre retail franchise network

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HiQ has added a new tyre retail outlet to its franchise network in Ruthin, North Wales. Previously known as Automark, the store will reopen as HiQ Ruthin. It brings 12 years of experience and an excellent reputation within its customer base to the network, HiQ states.

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Related news:

  1. Weeting Tyres’ Kings Lynn store joins HiQ franchise network
  2. Manchester tyre store PPM Autocare rebrands as HiQ West Gorton
  3. Update: HiQ to Franchise Off 109 Equity Outlets
  4. UK tyre retailers continue right-sizing
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Weeting Tyres’ Kings Lynn store joins HiQ franchise network

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HiQ has boosted its franchise network in East Anglia, adding a new Kings Lynn store. The site, formerly part of Weeting Tyres, will reopen as HiQ Kings Lynn; Weeting Tyres is a long-time partner of HiQ, with several stores already part of the retail network. Its existing HiQ stores, based in Ipswich, Chelmsford and Bury St Edmunds, have been part of HiQ’s franchise network for the last five years.

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Related news:

  1. HiQ adds Ruthin store to tyre retail franchise network
  2. Manchester tyre store PPM Autocare rebrands as HiQ West Gorton
  3. UK tyre retailers continue right-sizing
  4. HiQ: 47% of centres achieve Gold Standard
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Marubeni buys stake in Mexican tyre retailer

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On 24 October Japanese conglomerate Marubeni announced it had purchased a large minority shareholding in Mexican tyre dealer Radial Llantas. According to the company, Marubeni has bought 49 per cent of the shares in Radial Llantas. The pricetag for the stockholding is said to be “several billion yen”, according to Wards Auto.

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Related news:

  1. Sixth Consecutive Record Year For B-Quik
  2. B-Quik Expands Despite Unrest in Thailand
  3. Low Demand For Cars In Thailand Boosts B-Quik
  4. Marubeni re-brands Indonesian tyre retail chain as B-Quik
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Point S expands into Malaysia

Point S has launched in Asia, specifically Malaysia. Malaysia becomes the first country on the continent Asia to join the international network of independent tyre dealers after the group began in Europe and has since expanded into America and Africa.

The implementation of the brand will be operated through a master franchise agreement with GIIB Group (Goodway Integrated Industries Berhad) and partners, which will create a dedicated company to manage and develop the Point S network.

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Related news:

  1. Point S opens first store in Malaysia
  2. Point S growing in SE Asia, opens flagship centre
  3. Gomme Service merges with Point S
  4. Point S partner acquires Nokian’s Vianor US operation
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