New guidance helps tire manufacturers and retailers convert economically wary consumers during summer and back-to-school travel seasons.
Posts tagged as “tire sales”
Agreement comes as the rent-to-own industry continues to gain national momentum, expected to reach a market value of $151.65 billion by 2033.
The new store marks the company's 85th location overall and 12th in Illinois; another location was opened in Fairway Heights in October.
Should the economy slow into recession, vehicle use and average annual mileage, both key inputs in tire replacement demand modeling, will likely decrease.
The acquisition adds to the company’s presence in Florida and the Gulf Coast recently bolstered by new stores in Alabama and Mississippi.
Bills on Capitol Hill would prioritize the use of retreaded tires in public and private fleet procurement, and create a tax credit up to $30 per tire.
Mavis has a growing footprint of more than 3,500 owned and franchised retail locations across the U.S. and Canada.
