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Growth in Mid-range Market Size and Influence: Leading wholesalers

One of the most distinctive trends observed by leading tyre wholesalers during the course of the last year is the increasing size of the mid-range and budget segments. The predictions that a recessionary economy would support a so-called “de-segmentisation” process appear to have been right, with some of the largest distributors reporting that their retail customers are increasingly opting for budget and mid-range tyre purchases having decided to trade-down from the more expensive premium and OE products they may have had before.

29th September 2010/by Tyrepress Editors

Taking the Plunge: The Good Tyre Guide and bridging the online retail/wholesale gap

Editorial/Comment, UK News

The launch of Grouptyre’s goodtyreguide.com proves that the era of apps, widgets and plugins is upon us (see October's magazine for more on this). And while this column doesn’t normally single out individual companies for attention, the fact that we are running both e-Commerce and Wholesale features this month makes this story too apt to miss.

When Grouptyre announced it was seeking to bridge the wholesale/retail divide with a solution that not only ensures it has an online footprint, but also seeks to make the enterprise profitable for everyone involved, it certainly caught the market’s attention (see September’s magazine for details of the launch). That’s not to say that Grouptyre is unique amongst wholesalers in considering an online channel/B2B plugin approach. Far from it. Tyres & Accessories has it on good authority that all of the top three have looked into operating comparable systems. The difference is that Grouptyre is the first one to seize the initiative and take the plunge.

29th September 2010/by Tyrepress Editors

CDP Group Joins Italian Wholesale Elite in Under 3 Years

Italian tyre wholesaler operation CDP Group Spa has grown from a start-up to being a top 10 tyre wholesaler in the country in less than three years. Founded at the beginning of 2008 the company reports that it took just two and a half years to get into sixth place in the Italian tyre wholesale rankings and – with full year 2009 turnover totalling 28 million euros – there is every sign that the growth will continue.

29th September 2010/by Tyrepress Editors

TAFF Wholesaler of the Year Nominee Committed to Providing One-Stop Solution

Grouptyre and its 13 member companies report that as they continue to invest in key areas such as warehousing, distribution and IT, they are achieving key operating efficiencies. And this is said to be making it easier for retailers to do business with Grouptyre, which the company believes played a part in Grouptyre’s nomination for the 2010 TAFF Wholesaler of the Year Award.

“We are delighted to be in the running for Wholesaler of the Year once again,” says Grouptyre’s managing director Karl Naylor. “It is a major achievement and a good indication of how our ongoing investment in many areas of the business, our commitment to developing the supply chain and our continuing efforts to capitalise on our service offer are being received by the trade at large.”

29th September 2010/by Tyrepress Editors

New Goodyear Dunlop Consumer Director Relaunches HiQ Kettering

Career Tracks, News, UK News

Goodyear Dunlop’s new consumer director, Juergen Titz, has made his first public appearance in the role, launching the recently revamped Kettering branch of HiQ alongside UK and Ireland managing director George Rietbergen. Titz suggested that he would open his tenure as consumer director with new strategies to improve the success of the company’s brand range, notably utilising its connection to HiQ. Following his spell as retail director for the fast fit network, a period described by the franchise as extremely successful, Titz was present at the launch to support HiQ’s biggest franchisee Chris Kisby, MD of Easy Tyre & Autocentres.

24th September 2010/by Tyrepress Editors

Bush Tyres Opens Goole Retail Centre

With the opening of a new depot in Goole, near Selby, tyre retail group BA Bush & Son has increased its network of outlets in Lincolnshire, Humberside and East Yorkshire to 17. The family-owned company – whose wholesale arm B.A.B. Distribution is a member of Grouptyre – is continuing its strategy of investing for the future with this new centre, which represents the fourth new Bush Tyres site in the last 18 months.

23rd September 2010/by Tyrepress Editors

Cam Systems’ MIDaS B2B Platform on Track for £200m Milestone

Cam Systems’ MIDaS B2B, the online ordering platform for tyre wholesalers, is on track to hit £200 million in annual sales by December 2010 across its client base. According to the IT-provider, the rise in online transactions is a result of its use by tyre wholesalers as a key sales process enabler in conjunction with their retailer partners. The MIDaS managed service enables the acceleration of the ordering process between the retailer and wholesaler considerably. Cam also says it is easy to implement, informative and accurate.

22nd September 2010/by Tyrepress Editors

Sumitomo After 1.8% Stake in Stamford Tyres

Sumitomo Rubber Industries, Ltd. SRI is to purchase a 1.8 per cent stake in international tyre and wheel distributor, Stamford Tyres Corporation Limited. Subject to the approval from the Singapore Stock Exchange, Stamford Tyres announced 21 September that it will issue SRI 4.3 million new shares at a price of S$0.35 per share.

Net proceeds from the placement, after deducting expenses of S$100,000, are said to be approximately S$1.4 million (£674,522; 793,471 euros; US$1.054 million) According to the company, the net proceeds will be used to fund the group’s working capital needs in South Africa.

22nd September 2010/by Tyrepress Editors

Stapleton's Opens 100,000 sq. ft. Birmingham Warehouse

Stapleton’s has significantly increased its stock capacity with the company’s official opening of a new 100,000 square foot warehousing facility in Birmingham. The new warehouse, which is reportedly already stocked, is designed to hold over 250,000 tyres. Company representatives told Tyres & Accessories that the site will utilise “the latest technology and picking systems to ensure the best possible efficiency and delivery turnaround, reinforcing Stapleton’s commitment to being a fast, reliable and efficient distributor.”

10th September 2010/by Tyrepress Editors

More Red Letter Days to be won with Grouptyre and Federal

Following its promotion last autumn that the wholesaler described as “highly successful”, Grouptyre is again teaming up with tyre manufacturer Federal for another national incentive which will see six lucky retailers win an exciting Red Letter Day experience. Grouptyre is the exclusive UK distributor of Federal, which offers high performance, light truck, 4×4 and SUV tyres. Grouptyre’s 2010 Red Letter Day runs as two consecutive promotions, from 1 September to 31 October and from 1 November to 31 December, and the winners will be chosen at random from all the entries received. For each promotion there are three Red Letter Day experiences to be won: a first prize valued at £500 and two runners up prizes worth £250.

1st September 2010/by Tyrepress Editors

Hauling Out of the Recessionary Market

Company News, International News, News, Product News, UK News

As in almost all industries, the calamity of the credit crunch has had a huge impact on the truck tyre market, reducing demand for products, and forcing manufacturers and traders to regroup. As a result of the economic crisis commercial vehicle businesses were forced to become savvier, demanding more from their tyres. Others simply went under. So with the remaining customers demanding improved performance, mileage and fuel consumption from their tyres while simultaneously being under economic pressure themselves, what affect has this scenario had on the size and development of the market? And what does this mean for truck tyre pricing both in the UK and across Europe?

26th August 2010/by Tyrepress Editors

TGI Opens Brazil Branch

Tire Group International has opened a new sales office in Sao Paulo, Brazil, which will be led by Rosana Sanchez. “Having been an integral part of our team in Miami, Fla., for numerous years, Rosana has relocated to Brazil, where she will spearhead our local marketing and sales initiatives, which will give an even greater reach to our exclusive and private-label brands,” said Orlando Delgado, TGI’s senior vice president of business development

19th August 2010/by Tyrepress Editors

Stapleton’s Adds 22 Vans to its Delivery Fleet

Stapleton's recently added 22 new vans to add to its delivery fleet. In an investment worth over £600,000, Stapleton’s expanded the fleet with the addition of six Mercedes Benz Sprinter Panel Vans, seven Renault New Master Panel Vans and nine Isuzu 7.5 tonne trucks.

Stapleton’s are amongst the first in the UK to receive Renault’s New Master Panel Van. Liveried with the company’s corporate identity each of these vans will go straight into the company’s ever growing fleet, providing customers with a twice-a-day, same-day or next-day nationwide delivery service.

18th 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

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