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Revie Bought National Tyre Sites in £49 million Deal

Alan Revie, executive chairman and majority shareholder in the National Tyres & Autocare retail chain, has reportedly bought most of the group's properties in a £49.2 million deal. Citing Axle Group Holdings’ accounts for the year to 31 December 2008, Crain’s Manchester Business suggests the move shows that Revie is about to exit the business.

According to the report, parent company Axle Group Holdings Ltd made a profit of £3.87 million from the sale of the properties to Axle Investments Ltd, which is described as a partnership controlled by Revie. It said the sale was “on normal commercial terms amounting to £49.2 million” but added that Axle Investments still owed the group £49.2 million at the year end. During 2008, the net book value of the group's freehold land and buildings fell from £3.8 million to £107,000. The statement of recognised gains and losses includes a £37.3 million surplus from property revaluations.

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Viking: Quick, Convenient, Online

Viking International’s online ordering facility was recently nominated for an NTDA TAFF award. Here the company explains why its service offers dealers a “quick and convenient solution for all tyre, exhaust, cat and battery needs.”
According to company representatives, the site has been designed with the end-user in mind first and foremost. Tyres are clearly displayed by size, speed rating or price according to the user’s preference, with special offers highlighted for ease of use. Exhausts and batteries are easily looked up by the product part / code or simply by the vehicle make and model. All information is updated in real time, so pricing and stock are constantly updated, enabling dealers to offer their customers an immediate quotation. A unique customisation tool also allows dealers to adapt the website for their own use, uploading their own logo, changing the colour-scheme to match their own as well as displaying their own retail prices on-screen.

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Aeolus Brand Tyres Stolen from KRT

Kings Road Tyres (KRT) had a container load of Aeolus heavy truck tyres stolen on Friday 4 September. According to KRT managing director, Adrian Bader, a container on the way to the wholesaler was high-jacked en route to Aston in the Midlands on Friday 4 September and around 100 tyres have been stolen. However, it is unlikely that the thieves will be able to shift the stock in the UK with raising suspicions as the Aeolus brand is exclusive to KRT throughout the UK. So, dealers being offered these tyres from any source other than KRT are advised to contact Adrian Bader the Wholesale Managing Director at KRT on +44 (0)1460 57353 or +44 (0)7976 442656.

The details of the stolen tyre are as follows: 315/70R22.5 HN355 (13 tyres); 315/70R22.5 HN359 (15); 315/80R22.5 HN355 (6); 315/80R22.5 HN252 (15); and finally 38 units of 385/65R22.5 HN805 tyres – a total of 87 pieces.

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Grouptyre Continues “Modernising”, Increases Distribution Points

Operating as a national distributor with the ability to focus on a local level, Grouptyre has the ability to develop solid business relationships with tyre retailers and grow its share of the market. Despite the challenging trading environment, Grouptyre’s 13 member companies say they are continuing to invest in the business, making improvements in distribution and upgrading IT systems to enhance the organisation’s overall product and service offerings, improving communications, sharing best practice and developing new business models.

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TGI & GITI Tire USA Announce Distribution Agreement

Group International and GITI Tire USA have announced a distribution arrangement through which TGI will distribute GT Radial branded tires in South Florida. TGI will carry the full line of GT Radial tyres, including the Maxtour line, Champiro 128, Champiro 228, Champiro 328, Champiro 528, Savero H/T, Adventuro A/T II and Adventuro M/T lines. The GT Radial line up will be stocked in the company’s Miami distribution centre.

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Nokian Moving US Headquarters

Nokian Tyres will move its headquarters from LaVergne, Tennessee, to Colchester, Vermont, in an effort to consolidate its operations. The relocation, which the company expects will be finalised by spring 2010, will place the headquarters near Nokian’s wholesale operation, University Wholesalers Inc. Nokian Tyres, the North American subsidiary of Finland-based Nokian Tyres P.L.C., also owns […]

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DHL To Sponsor NTDA Dinner

DHL Automotive, the logistics expert which has many clients within the tyre industry, has become a joint sponsor for the forthcoming NTDA Annual Dinner and TAFF Awards which is being held in Manchester next month.

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Federal and Grouptyre Launch Red Letter Day Promotion

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Grouptyre has teamed up with Federal – the value brand for which the independent wholesaler has exclusive distribution rights in the UK – to launch a national promotion, which promises a Red Letter Day for six lucky retailers.

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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."

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NE Wholesale Pushing Ahead with Strategic Plan

Many would reasonably argue that our country’s economic system has recently taken a blow to the head, but during this time when the “credit crunch” is complicating our lives, NE Wholesale is seizing the opportunity to distibguish itself from the majority of the tyre distribution market. As companies prepare to “cut costs” and customers are “clinching their belts”, NE Wholesale says it is remaining committed to its three-year strategic plan.

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Reports: Axle Group Recorded £3.2 million Operating Loss in 2008

Axle Group Holdings reported an operating loss of £3.2 million in 2008, compared with operating profit of £4.2 million in 2007. However, sales from Axle’s National Tyres & Autocare retail chain and its Viking tyre wholesale business grew 13.4 per cent to £153 million. According to the Herald newspaper, Axle Group generated a £3.8 million profit on the sale of properties to another company controlled by chief executive Alan Revie and this is believed to have helped the company achieve a pre-tax profit of £3 million in 2008, down from £5.2m in 2007. The pre-tax profits came off the back of gross profits of £60.5 million in the 2008 (39.5 per cent of sales in 2008). However in 2007, Axle Group made a gross profit of £56.7 million, or 42 per cent of sales.

15 months ago Alan Revie unveiled plans to inject £12 million into the National chain and increase its UK estate from around 200 branches to 320 over five years. However, according to the Herald’s report, the head of the National Tyres auto repair chain appears to have enjoyed a 400 per cent increase in pay in the past year. The newspaper points out that accounts for Axle Group Holdings, which owns National Tyres, show the total emoluments of the highest paid director, soared to £2,126,000 in 2008, from £540,000 in the preceding year. The total boardroom payroll jumped to £4,057,000, up from £1,335,000 in 2007.

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Maxxis Rewards Top PCR Tyre Retailers

Maxxis has completed its second Maxxis Rewards prize draw, giving 13 tyre retailers £500 worth of gift vouchers from either Marks & Spencer, Thomas Cook or High Street Gift Vouchers, which they can spend at more than 18,000 stores across the UK, including Boots, HMV, Debenhams, Waterstone’s, M&S, House of Fraser, Carphone Warehouse and Threshers. Under the terms of the Maxxis Rewards initiative, the more Maxxis car, van and 4×4 tyres that accredited retailers purchase during the promotional period, the greater their chances of winning a major prize.

The Maxxis Rewards dealer support programme has been organised in conjunction with Grouptyre, the exclusive Maxxis distributor in the UK. Dealers who sign up are automatically entered into the quarterly prize draws, which run until 11 December. Based on their purchase levels, retailers also have the opportunity to earn Argos vouchers and Maxxis-branded promotional clothing and accessories.

The winning tyre dealers and Grouptyre members who supply them are:

Auchinlea Tyres (dealer) – Cooper Bros. (Grouptyre member)
Baker Tyres – Broadway Tyres
Baldonrie Garage – Kenway Tyres
Carmarthenshire Tyre Services Ltd – King David Tyres
DIY Motorist Centre – WJ Wood & Son
Holderness Tyre Services Ltd – BAB Distribution
Hometyre Services – Car Tyrestore
Homend Tyres – ETB
K&M UK Ltd – EG Wholesale
Leeds Commercial Vehicles – NE Wholesale
Lurgan Tyre Company – MT Wholesale
Tyre Care Ltd T/A Havers Tyres – We Sell Tyres (Wholesale)
Wheels ‘n’ Tyres – Oak Tyres

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Bandvulc Enters New Tyre Market

The Bandvulc Group has entered the new tyre market by becoming the leading stockist of the Fulda range of commercial tyres in the UK. Covering sizes from 17.5 to 22.5-inch, Bandvulc will wholesale and distribute the Fulda brand alongside its own products and the recently agreed small order Goodyear/Dunlop arrangements.

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TIA Announces Candidates for 2009 Board Election

The Maryland, US based Tire Industry Association (TIA) has announced the slate of candidates for its 2009 Board of Directors election. TIA members will vote in open elections to place ten individuals onto the board for three-year terms. Members will receive ballots in the mail before the end of July, and can also download a ballot from the ‘members only’ section of the TIA website (www.tireindustry.org).

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Falken Dealers Visit Germany

Three dozen Falken customers from all over Europe recently visited the world famous Nurburgring race track in Germany. The Falken customers from the UK were hosted by Micheldever Tyres, Falken’s sole supplier in the UK, at one of the continent’s most prestigious motorsport events, the annual 24 hour ADAC endurance race. Falken tyres were one of the main sponsors of this year’s event with the company’s branding prominently positioned around the 13 kilometre race track, on every car and on in-car television coverage.

The Falken car, a Nissan 350Z eventually finished in 11th place and was the first non-German produced car to complete this arduous event. The customers themselves were treated to five-star hospitality and entertainment throughout the duration of the four-day trip, culminating in a ride with the European Drift car Champions.

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