Modern Tire Dealer

NOV 2018

Magazine for the professional tire industry

Issue link: https://mtd.epubxp.com/i/1041008

Contents of this Issue

Navigation

Page 23 of 111

M T D N o v e m b e r 2 0 1 8 20 Relevant statistics from an industry in constant motion NumbersThatCount 46%/54% Percentages of total dealer sales from automotive service/tires. SOURCE: MODERN TIRE DEALER'S 2017 AUTOMOTIVE SERVICE SURVEY $44,478 Average annual salary for automotive technicians in 2017. SOURCE: BRANDON GAILLE SMALL BUSINESS & MARKETING ADVICE, WWW.BRANDONGAILLE.COM $26.2 billion New tire sales by world leader Bridgestone Corp. in fiscal year 2017. is is up from $25.4 billion in sales in 2016. SOURCE: MODERN TIRE DEALER'S 2018 JANUARY FACTS ISSUE. 75% Percent of aermarket auto repair performed by independent auto repair shops, while 25% was done by car dealerships. SOURCE: WWW.V12DATA.COM 20.5% Average independent tire dealer commercial light truck tire sales profit margin in 2017. SOURCE: MODERN TIRE DEALER'S 2018 JANUARY FACTS ISSUE. COURTESY OF TBC BRANDS LLC $215.36 Average advertised price for a size LT245/75R17 major brand light truck tire in the U.S. in 2017. SOURCE: MODERN TIRE DEALER'S 2018 JANUARY FACTS ISSUE. $135.39 Average advertised price for a size 205/55R16 major brand tire in the U.S. in 2017. SOURCE: MODERN TIRE DEALER'S 2018 JANUARY FACTS ISSUE. $114+ billion Amount spent by consumers in 2017 for service and parts at auto dealerships. is was the total from more than 316 million repair orders. SOURCE: NATIONAL AUTOMOBILE DEALERS ASSOCIATION, WWW.NADA.ORG 15.7% Average indepen- dent tire dealer heavy truck tire sales profit margin in 2017. SOURCE: MODERN TIRE DEALER'S 2018 JANUARY FACTS ISSUE. 16.8% Average independent tire dealer medium truck tire sales profit margin in 2017. SOURCE: MODERN TIRE DEALER'S 2018 JANUARY FACTS ISSUE. TECHNICIAN CONRAD PYLES AT ZIEGLER TIRE

Articles in this issue

Links on this page

Archives of this issue

view archives of Modern Tire Dealer - NOV 2018