New passenger car tire offering from Maxxis

Maxxis is celebrating the successful launch of two new passenger car tire lines in 2018.

“Last year was a great year for everyone involved at Maxxis, particularly in the car tire segment where we launched our high-performance sports tire the Victra Sport 5,” said managing director Derek McMartin.

Read the source article at Tire Technology International

Goodyear To Sell Commercial Tires Direct To Customers Online

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On the heels of a successful online retail program for its consumer tire lines, Goodyear is expanding its e-commerce program to include its commercial products, scheduled to launch as a pilot program in the second quarter of 2019, with full availability in the third quarter of 2019.

Read the source article at Aftermarket News

Goodyear acquires UK tire retail company, Weeting Tyres

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Goodyear announced it has acquired Weeting Tyres, a leading UK tire retail through its UK-based company, Goodyear Dunlop Tyres UK.

Hans Vrijsen, MD Consumer, Goodyear Dunlop Tyres UK Ltd said: “The acquisition of Weeting Tyres strengthens the competitive advantage of Goodyear and HiQ by creating an even stronger value proposition for its customers. Goodyear is responding in a smart way to the market conditions. It also confirms the importance of retail to Goodyear’s business.

Read the source article at Traction News

U.S. auto sales seen down in January: J.D. Power, LMC | Reuters

(Reuters) – U.S. auto sales in January are expected to fall about 1 percent from the same month in 2018, partly due to uncertainty around government shutdown causing some customers to delay purchases, according to industry consultants J.D. Power and LMC Automotive. Total vehicle sales in January are estimated to be about 1,141,300 vehicles, the consultancies said on Tuesday.

Read the source article at reuters.com

TIA sets 2019 CTS Instructor training dates, locations

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BOWIE, Md. — The Tire Industry Association has announced locations and dates for its 2019 Commercial Tire Service Instructor 400 training tour.

Read the source article at Tire Business

Goodyear converting Dallas company stores to Just Tires format

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DALLAS — Goodyear is converting its 14 Dallas-area Goodyear Auto Service stores to its Just Tires brand in an effort to reach out to consumers looking for predictability and quick service.

Read the source article at Tire Business

The next American car recession has already started

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DETROIT — These should be boom times for Detroit. Unemployment is at a half-century low, gasoline is cheap and auto sales in the U.S. were near record levels last year. Yet American automakers are closing factories, cutting shifts and laying off thousands of workers. The industry is behaving like a recession has arrived. In one segment of the market, it has.

Read the source article at Front Page

Affordability tops concerns for NADA CEO Peter Welch

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DETROIT — Average American consumers getting priced out of the new-vehicle market is “probably the biggest thing” that Peter Welch worries about, the CEO of the National Automobile Dealers Association said Tuesday at the Automotive News World Congress.

Read the source article at Front Page

Mergers, acquisitions help to define 2018

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Merger-and-acquisition activity soared to unprecedented heights in 2018, especially in the North American wholesale and retail sectors.

Read the source article at Tire Business

General Motors’ 4th-Quarter Financial Results: Here’s What You Need to Know

The Detroit-based automaker General Motors (NYSE:GM) said its fourth-quarter U.S. sales dropped 2.7% year-over-year to 785,229 units. Whiles the company saw sales growth in the GMC brand, sales at other major brands, namely Chevrolet, Cadillac and Buick, declined during the quarter. Kurt McNeil, U.S. vice president, sales operations, commented:

“We have built the most successful pickup, SUV and crossover business in the industry and we gained considerable momentum in the fourth quarter of 2018 as dealers began delivering the all-new Chevrolet SilveradoGMC Sierra and Cadillac XT4 … We feel confident heading into 2019 because we have more major truck and crossover launches coming during the year and the U.S. economy is strong.”

Read the source article at Value Investing