July 8, 2008
GREENVILLE, SC -- Groupe Michelin has boosted its equity investment in Hankook Tire Co. to nearly 10 percent, up from 8.9 percent.
Tags: Groupe Michelin, Hankook Tire Co.
April 11, 2008
RANCHO CUCAMONGA, CA – Kumho Tire U.S.A. Inc. will raise its tire prices up to 10 percent depending on tire line and model, effective May 1, according to Modern Tire Dealer magazine.
Tags: Federal Corp., Groupe Michelin, Kumho Tire U.S.A., price increases for raw materials , rising transportation costs , tires
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By Mike Antich Fuel prices hit record highs. The cost of financing a fleet doubles. Used-vehicle values plummet. Dealers are unable to sell the vehicles they have in inventory. Geopolitically, the U.S. is embroiled in war and the macro-economy teeters on recession. If you think I'm talking about 2008, think again. The year was 1973.
By Mike Antich October was an extremely difficult month to remarket vehicles in the wholesale market as resale prices took a precipitous drop. Wholesale pricing, based on mixed mileage and seasonally adjusted, declined a record 6 percent in October. The lack of credit to both dealers and retail buyers has been the key catalyst contributing to the downturn in the wholesale market. The market forecast is gloomy until the credit gridlock is resolved.
By Mike Antich
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In This Issue: Eliminating Dealer Service Fees, Will There Be Financing?, Determining Compliance Levels and much more…