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Consolidation process continues, another round expected soon.(tire dealers)

Modern Tire Dealer

| September 01, 1998 | Ludwig, Saul | COPYRIGHT 1984 Bobit Business Media. (Hide copyright information)Copyright

With TBC announcing the acquisition of Carroll Tire, the consolidation process continues as I have expected. There are still several large dealerships where the age of the owner (like what happened at Carroll Tire), would suggest another round of asset sales occurring soon. I would expect to see some of these new retail/distribution giants attempt to go public in 1999 and in my opinion, the environment might be just right then for that to occur.

Monthly survey

A number of independent tire dealers were surveyed concerning current business trends. The results of the July 1998 survey are compared with those of July 1997.

General outlook

In …

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