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USTMA predicts PLT tire shipments will grow
from Modern Tire Dealer - April 2023
by EndeavorBusinessMedia-VehicleRepairGroup
The U.S. Tire Manufacturers Association (USTMA) projects a slight increase in overall tire shipments for 2023, with year-over-year gains in passenger and light truck tires in both the replacement and original equipment channels. Overall, the USTMA expects tire shipments to total 334.2 million units, up from 332 million units in 2022 and 332.7 million units in 2019.
are rounded and in millions.
Total OE shipments are predicted to increase by one million units, while overall replacement tire volumes are on track to increase by 1.2 million units.
MFA Petroleum buys 13 Big O Tires stores
MFA Petroleum Co. has purchased 13 Big O Tires stores in the Kansas City market. The new stores make MFA Petroleum the largest Big O Tires franchisee in the country, with 35 locations in three states.
All 13 locations were acquired from TBC Corp. Eight of the acquired stores are in Missouri and five are located in Kansas. MFA Petroleum also operates stores in Arkansas.
The deal gives MFA Petroleum its entrance into Kansas, with locations in Kansas City, Kan.; Overland Park and Shawnee; and two in Olathe.
On the Missouri side of the stateline, the deal includes five stores in Kansas City, Mo., as well as Blue Springs, Lee’s Summit and Raymore.
“This is a major expansion for our company,” says Charlie Alexander, senior director of Big O Tires for MFA Petroleum.
“It strengthens our current footprint and helps us build the Big O Tires brand throughout the Kansas City area. We are excited to serve the (Kansas City) market.”
MFA Petroleum is a wholly owned subsidiary of MFA Oil Co. ■