Modern Tire Dealer, Fleet Owner, and Fleet Maintenance have collaborated on a new Endeavor Business Intelligence report. This report holds significant value as it provides detailed information about the brands that independent commercial tire dealers sell. It goes beyond just brand details and reveals the reasons behind tire dealers and trucking fleets' choices of tire suppliers, their views on the service and support received, and much more.

Unlock the Secrets of Commercial Tire Dealer Choices

Tire Brands and Dealer Preferences

This study meticulously details tire dealers and fleets' tire brand and supplier preferences. It includes aspects such as tire brand profitability, perceived quality, and purchase motivations. By understanding these preferences, independent commercial tire dealers can make more informed decisions and better serve their customers. For example, some dealers may prioritize brands that offer higher profit margins, while others may focus on those with a reputation for quality. This in-depth analysis helps dealers identify trends and opportunities in the market.

Moreover, it sheds light on how different tire brands perform in terms of profitability and quality. This knowledge allows dealers to strategically choose the brands that align with their business goals and customer demands. It provides a comprehensive overview of the tire market and helps dealers stay ahead in a competitive environment.

Supplier Relationships and Service Quality

The report also delves into the relationships between tire dealers and their suppliers. It explores how dealers and fleets view the level and quality of the service and support they receive. Good supplier relationships are crucial for the success of a tire business. Dealers need reliable suppliers who can provide timely deliveries, technical support, and after-sales service.

This study reveals the factors that influence dealers' satisfaction with their suppliers. It may include aspects such as the responsiveness of the supplier, the quality of technical assistance provided, and the overall experience of working with the supplier. By understanding these factors, dealers can take steps to improve their supplier relationships and enhance the service they offer to their customers.

Commercial Tire Dealer Locations and Sales

In addition to brand and supplier preferences, the study provides an exhaustive look at commercial tire dealer locations and tire sales by type and brand. It reveals the vocations and sizes of fleets that surveyed dealers service, giving valuable insights into the market demand.

Knowing the locations and sales patterns of tire dealers helps suppliers and manufacturers understand the market better. They can target their marketing efforts and product offerings to specific regions and customer segments. This targeted approach can lead to increased sales and customer satisfaction. Moreover, it helps dealers identify areas where they can expand their business and reach new customers.

Other Important Topics

The "2024 Commercial Vehicle Tires & Maintenance Study" covers other important topics as well. It offers a comprehensive view of the commercial tire industry and provides valuable information for all stakeholders.

From maintenance practices to industry trends, this study covers a wide range of topics. It helps dealers stay updated on the latest developments in the industry and make informed decisions. It also provides a platform for suppliers and manufacturers to showcase their products and services and connect with potential customers.

Overall, this study is a valuable resource for independent commercial tire dealers, trucking fleets, and industry stakeholders. It provides in-depth insights and actionable information that can help them succeed in a competitive market.

Click here to learn more.

Tech markets have been experiencing a bit of a breather today, with futures on the Dow Jones Industrial Average and S&P 500 Index struggling for direction. The Nasdaq-100 Index futures are pointed lower, as the tech sector takes a break from its recent upward surge. Later in the day, traders will be closely watching the release of wholesale inventories data for October. Additionally, chip giant Nvidia is now under Chinese investigation.

Unraveling the Tech Market's Pause with Nvidia's Influence

Tech Sector's Breathing Room

Futures on the Dow Jones Industrial Average and S&P 500 Index are currently in a state of indecision. The Nasdaq-100 Index futures have taken a downward turn, indicating a temporary slowdown in the tech sector. This comes after last week's record highs. Traders are eagerly awaiting the release of wholesale inventories data for October, which could provide some clarity on the market's direction.The chip industry, led by Nvidia, is also facing challenges. Nvidia's stock is down 2.3% before the bell due to a possible antimonopoly law violation investigation in China. Despite this setback, Nvidia still maintains a significant year-over-year lead of 205.7%.

Stock Movements and Analyst Upgrades

The Cboe Options Exchange saw a significant increase in call and put contracts last Friday. The single-session equity put/call ratio rose to 0.54, while the 21-day moving average remained at 0.62. Morgan Stanley upgraded Reddit Inc stock to "overweight" from "equal weight" this morning and raised its price target to $200 from $70. The analyst noted the social network's strong ad revenue growth. As a result, RDDT is 4.5% higher in premarket trading and has added over 146% in 2024.Macy's Inc stock is also showing signs of movement. It is up 3.1% ahead of the open following requests from Barington Capital. The activist investor group has asked the retailer to create a real estate unit, modify its capital allocation plan, and reassess options for its Bloomingdale's and Bluemercury operations. However, M is still down 18.3% this year.

Asian and European Market Trends

Asian markets finished mixed yesterday. In Hong Kong, the Hang Seng managed to surge in the last hour of trading after China committed to a more proactive monetary policy in 2025. The index jumped 2.8% in response to this news. However, consumer price index data in China showed a 0.2% year-over-year increase, which was lower than the expected 0.5%.In South Korea, President Yoon Suk Yeol avoided impeachment after his controversial implementation of martial law. For the session, China's Shanghai Composite slid 0.05%, South Korea's Kospi fell 2.8%, and Japan's Nikkei inched 0.2% higher.European markets are also showing mixed trends due to geopolitical tensions. At last check, London's FTSE 100 and France's CAC 40 are up 0.5%, while Germany's DAX slides 0.1%.