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MTD
“I think overall end user demand has been consistent with previous years, but as always, the devil is in the details,” says Stan Chandgie, chief operating officer and executive vice president of sales, Yokohama Tire Corp. “The economy, particularly the current state of inflation and the subsequent high prices on the entire basket of goods, is definitely having an impact on the consumer.”
Retail

On-Point: More Quotes That Defined 2024

Jan. 2, 2025
Tire dealers, manufacturers and industry observers had plenty to say in 2024. Here are more quotes that defined the year that was.
356057601 | fizkes | Adobe Stoc
Credit card balances jumped to slightly more than $1 trillion during the third quarter of 2024, according to a new Federal Reserve Bank of New York report.
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Household Debt Continues to Climb

Jan. 2, 2025
Total household debt in the United States grew by $147 billion to $17.9 trillion during the third quarter of 2024, according to a new Federal Reserve Bank of New York report.
Hunter Engineering Co. 
The U.S. Environmental Protection Agency has declined to initiate rulemaking around the manufacture and use of lead weights.
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No Wheel Weight Rulemaking From EPA 

Dec. 30, 2024
The U.S. Environmental Protection Agency will not initiate rulemaking addressing the manufacture and distribution of lead wheel weights.
MTD
Do I want more locations? Absolutely,” says Beth Barron, CEO of Chabill’s Tire & Auto Service and MTD’s 2024 Tire Dealer of the Year Award winner. “But I want them to be in the right place at the right price and right now, that’s a little difficult because things are really expensive.”
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They Said It! Quotes That Defined 2024

Dec. 30, 2024
Tire dealers, manufacturers and others weren’t shy when it came to sharing their thoughts with MTD during 2024, providing a month-by-month snapshot of the industry.

Sumitomo Rubber North America Inc.
While other tiremakers continue to invest in manufacturing in the United States, Canada and Mexico, Sumitomo Rubber North America Inc. shuttered its plant in Buffalo, N.Y.
Suppliers

Manufacturing Investments Continued in 2024

This year was one of substantial tire manufacturing investment within the NAFTA trade zone – and in the case of one tiremaker, a major plant closing.

Turbo Wholesale Tires LLC
“We are focused on growing brand share, not distribution share,” says Phillip Kane, CEO of Turbo Wholesale Tires LLC. “We feel that our brands are a tremendously differentiating feature of our business and one that delivers significant and very unique value to our customers.”
Wholesale/Distribution

MTD Exclusive Q&A: What’s Next for Turbo Wholesale Tires?

It’s been a year of significant growth for Turbo Wholesale Tires LLC. Phillip Kane, Turbo’s CEO, discusses what’s next for the company in this MTD exclusive.