The tire distribution business has been pretty good this year. Last month we had our largest month (sales dollars) in the company's 37 year history.
As bad as I hate to say it, Obama kind of did our business a favor with all of the Chinese import changes. Tire supply got really really tight and manufacturers took price increases. Price increases are great for us as a supplier...though not so great for the consumer buying tires at a retail store. Our increased business has been a combination of expansion into new markets where we stole business from competitors, and price increases that brought in more sales revenue.
Our industry's measuring stick, the "RMA (Rubber Manufacturers Association) Numbers," were up 14% at the end of June, but forecast to be up 4% overall at the end of 2010. That means that First and Second Quarter was great, but Third and Fourth Quarters are expected to slow down substantially. That has pretty much been true thus far. Our industry will be up about 4-5% in 2010. Fortunately, for us as a company, we are outpacing those numbers.
2010 has been a good year for us. If you want to drive, you gotta have tires.



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