TBC retail chains contend with short supply | Tire Business
TBC retail includes NTB, Tire Kingdom, Midas and Big O Tires retail stores. Product shortages have impacted TBC Corp.'s retail operations at different rates, according to Brian Maciak, executive vice president, general counsel and chief compliance officer of TBC Corp ., who also leads the TBC Automotive Group. $1 for 4 weeks
Mid-Year Report: TBC expects resurgence in tire sales
TBC Corp. President & CEO Erik R. Olsen said the tire wholesaler experienced increased demand for commercial and agricultural tires during the spring shutdown period, but as state stay-at-home orders are lifted, he expects all tire segments to bounce back for the rest of the year. $1 for 4 weeks
TBC Corp. steadfast amid logistics challenge | Tire Business
Global logistics, hampered by shipping-port traffic jams and shortages of containers, will continue to be challenge, according to tire distributor TBC Corp. Geoff Doster, senior vice president of sales for TBC Brands, shared with Tire Business the company's expectations for the year. How would you describe business thus far in 2025?
Mid-Year Report | Tire Business
Mid-Year Report TBC retail chains contend with short supply TBC Corp.'s retail group — which includes NTB and Tire Kingdom retail chains and the Big O and Midas franchise networks — is working closely with its suppliers to mitigate the impact of product shortages. Mid-Year Report TBC wholesale tackles demand across segments
Mid-Year Report: TBC steadfast amid logistics challenge
Global logistics, hampered by shipping-port traffic jams and shortages of containers, will continue to be challenge, according to tire distributor TBC Corp. Geoff Doster, senior vice president of sales for TBC Brands, shared with Tire Business the company's expectations for the year. How would you describe business thus far...
- Did TBC sell Midas international franchise to Mavis tire Express?
- CLERMONT-FERRAND, France — TBC Corp. has agreed to sell its Midas International franchise portfolio — considered to be one of the nation's largest automotive repair/tire retail businesses with systemwide sales of nearly $2 billion — to Mavis Tire Express Service Corp.
- What is the growth rate of the tire industry in 2024?
- Between 2024 and 2032, the global tire industry is forecast to grow at a compound annual growth rate (CAGR) of 5%, reaching an estimated $211.6 billion by 2032. Leading this market, Michelin holds the largest share at 15.1%, followed closely by Bridgestone at 14.2%.
- What's the difference between Michelin & TBC?
- In announcing the deal, Michelin said the Midas business model relies mostly on automotive services, while TBC identifies tire wholesale, distribution and Big O Tires as its core businesses, "leveraging an industry-leading network and scale.
- What is the growth rate of the tire industry?
- In the decade between 2014 and 2024, the global tire industry grew at a CAGR of 6.6%. While growth is expected to slow down between 2023 and 2032, the industry is forecasting a healthy growth rate. Between 2022 and 2024, the industry grew by 9.3%, from $130.5 billion to $142.7 billion.
- Did TBC buy Midas international?
- TBC acquired Midas International in March 2012 in a deal valued then at $310 million. Today the franchise program has 1,163 Midas-badged points of sale throughout the U.S., along with another 800 or so in markets outside the U.S. Mavis Tire Express did not comment publicly on the deal, its third transaction with TBC in recent years.
- Why did Chinese replacement tire demand fall 9% year-on-year?
- Chinese replacement tire demand fell 9% year-on-year, as robust gains in January and February were erased by a 20% year-on-year drop in March – again caused by the resurgence of Covid-19 and the strict lockdowns enforced in certain provinces.
