NewYork, 08/27/2019
Summer is bringing a smile to the faces of independent tire dealers across the US. The latest POS (point-of-sale) data from GfK’s panel of tire retailers shows a year-over-year jump of 14% in units sold for summer models. With 1.8 million units sold, summer tires have accounted for $291 million in revenue so far this year.
Overall, the independent tire channel has grown 1.5% compared to first-half figures for 2018. Light Truck tires and larger (18” plus) rim sizes have also posted gains versus 2018:
In addition, the latest GfK POS data show that
Representing nearly 35,000 points of sale nationwide, GfK’s POS tire panel provides unprecedented data to inform dealer and manufacturer decisions. GfK’s data allows manufacturers and retailers to understand – for the first time – country-wide trends, competitor activities, sale prices, and brand market share.
Table 1. Year-to-date trends in US independent tire channel
Segment | YTD: Units % change vs. year ago | YTD: Dollars % change vs. year ago |
Passenger Car & SUV | -0.2 | 1.6 |
Light Truck | 11.2 | 10.5 |
18" & above | 7.3 | 7.6 |
UHP Speeds | -3.0 | -1.6 |
Run Flats | 1.5 | 1.0 |
Summer | 13.8 | 12.4 |
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