17.6 million
Estimated total U.S. replacement commercial truck tire units that will be shipped during 2020, according to latest U.S. Tire Manufacturers Association (USTMA) report published on April 24. SOURCE: USTMA
48%
Average total sales from automotive service at independent tire dealerships.
4.5 million
SOURCE: MODERN TIRE DEALER’S JANUARY 2020 FACTS ISSUE.
Number of truck tires exported from Thailand to the U.S. last year – an increase of 87.5% from 2018. SOURCE: MODERN TIRE DEALER’S JANUARY 2020 FACTS ISSUE.
44
COURTESY OF AKEBONO BRAKE CORP.
NumbersThatCount
Relevant statistics from an industry in constant motion
Average number of brake jobs tire dealers do per month. The average ticket price is $301.17, which generates $159,018 in annual sales with an average annual profit of $81,099. The average gross profit margin on brake/electrical sales is 51%. SOURCE: MODERN TIRE DEALER’S JANUARY 2020 FACTS ISSUE.
13
7
Average number of service bays per outlet at independent tire dealerships.
Average number of tire brands sold per independent tire dealership. SOURCE: MODERN TIRE DEALER’S JANUARY 2020 FACTS ISSUE.
SOURCE: MODERN TIRE DEALER’S JANUARY 2020 FACTS ISSUE.
16
MTD June 2020
