It’s hard to imagine anyone on the planet that hasn’t been directly or indirectly affected by the Corona virus pandemic, and when it comes to industries, the automotive sector has been hit worse than most others, with the clear exception of course being the sectors related to travel and tourism. The fact is that people drive less than normally, for several reasons: many jobs have been cut, reducing commuter traffic; those that still work do it primarily from home or with less days at the office per week than before; and those long drives to visit distant relatives or go on family holidays in other countries have been reduced to a fraction of what they used to be, when they’ve been at all possible. Global automobile sales dropped around 15 % year-on-year in 2020, which is doubtless a result of the pandemic, and OE tyre sales dropped even more than that, a result of due diligence by the car manufacturers. The replacement tyre sales volume dropped also, but not as much as one could have expected – a partial explanation for this is very likely the reduced number of new cars sold, resulting in more tyres needing replacement.

But there’s nothing like a good crisis to spawn innovation. Online sales and delivery services have flourished like never before, and courier companies are busier than ever. As shops have been closed due to lockdowns or just avoided due to the risk of infections in the public space, shopping has moved online to an incredible extent. This means a lot more goods being moved around by a lot more delivery vehicles, which then consume more tyres. At the same time, those that still have their jobs haven’t been able to spend their salaries on annual holidays abroad, so their spending has shifted towards buying more consumer goods at home instead. So, it’s not just that shopping has moved from the physical stores to online shops, it’s also that the total shopping volume has increased. Luckily, most tyre retailers have caught on, and have improved their web shop portals to cater to the increased demand and take measures to stand out from the competition, such as faster delivery times, larger selection of products, and combined services.

Digital shopping

Keeping clients interested using digital means has become more important than ever, as people now tend to buy tyres online and go to have them fitted after the purchase, instead of the traditional way of going to the shop first and buying what the seller there recommends. That has made it extremely important to make the purchase as easy and smooth as possible for the consumers and communicate all benefits to potential clients in a clear and appetising way.

Where many tyre retailers have been locked in a mindset that a website should be set up to persuade potential clients to visit the physical shop and rely on sales being made by the staff there, now they have to make the sale in the web shop first, which requires a much better consumer experience when browsing the web shop than before. One notable method that many have adopted is what’s called “live selling,” where the customers access a video call with a salesperson, who won’t be able to see the caller, but will be able to offer guidance and advice, and hopefully close the sale. This method has proven exceptionally good for products that the customers in general don’t possess very deep knowledge of, and that definitely includes tyres. The old and very reliable rule of thumb for tyre retailers was that 6 out of 10 tyre customers would always say “I just want the same tyres fitted again,” not because they had experienced heavenly experiences riding on those tyres, but simply to avoid the risk of having fitted something that turned out to perform worse. “Good enough” is a strong force supporting habits. “Live selling” (as opposed to what, you may ask, but remember the term has been coined when physical shops have been closed down) offers retailers the chance to go for the traditional replacement sale or actively try to influence the purchasing decision by offering alternatives that might be more profitable for the seller. It’s always important to remember that even though the customer makes the purchase decision, it’s the seller that decides which options to make available as the base of the decision.

Being connected to the customers, the seller is also able to offer related services or products that on average increases the revenue per client, so there’s no doubt the strategy is sound. And there’s no reason for retailers to stop using this channel when we hopefully can go back to being able to visit the physical shops in person again, as it will be a way to catch clients that would have otherwise not visited the shop.

Apart from this, it has been a fruitful strategy for many to cater more to courier fleets and transportation companies with more tailored services and cost benefits. On-road assistance services have increased, and not just for courier vans and cargo trucks, but also for agricultural equipment such as tractors (although that would be more aptly called off-road assistance). At least, the gist of it all is that the overall trend in tyre business has been to move business closer to the customers, when customers haven’t been able to shop as they used to – and there are clear indications that the strategy has been successful.

Apollo Tyres Ltd has secured a one-season shirt-sleeve sponsorship agreement with AS Monaco, one of French football's most successful clubs, to increase awareness for its premium Vredestein brand.

This partnership will leverage Ligue 1's ranking as the fifth most watched football league in the world to raise awareness of Vredestein's award-winning products among a large audience in France and abroad. On November 22, AS Monaco's home league game against Brest will have the new sleeve branding for the first time. The Vredestein brand will be heavily promoted at Stade Louis-II for the 2024–2025 season, including on player sleeves and LED screens around the field. Exclusive social media initiatives will further help make the brand prominent, reaching a large and interested audience.

Yves Pouliquen, Vice President – Commercial, Europe, Apollo Tyres, said, “This partnership is an exciting opportunity to strengthen Vredestein’s presence in one of our key markets. AS Monaco’s rich history and commitment to excellence mirror our focus on performance and innovation. We look forward to building a successful relationship with the club and celebrating its achievements this season.”

Thibaut Chatelard, Marketing and Revenue Director, AS Monaco, said: “We are delighted to welcome Apollo Tyres and its Vredestein brand to the family of AS Monaco partners. This collaboration makes sense in view of the values we share, such as the constant pursuit of performance and excellence. There’s no doubt that this new support will be precious for the rest of our season, which promises to be thrilling.”

Nexen Tire, a leading global tyre manufacturer, has launched the Nexen N´Blue S tyre, adding to its range of summer tyres and providing drivers with advanced safety, energy efficiency and superior driving stability in wet and dry conditions.

Developed using highly dispersed silica and equipped with an optimised structural design, the Nexen N´Blue S tyre provides reduced road noise and improved driving stability. The tyre features an innovative tread compound, formulated with hydrophilic fillers and microstructure-controlled polymers, and provides lower rolling resistance and exceptional dry and wet grip. The tyre also excelled in test results by demonstrating an 11 percent improvement in wet braking distance compared to its predecessor.

Apart from providing excellent performance, the Nexen  N´Blue S also scores high on the sustainability index. The tyre provides an eco-friendly solution for environmentally conscious drivers by minimising fuel consumption and CO2 emissions. The Nexen N´Blue S summer tyre is available in 58 sizes, which makes it compatible with different types of vehicles.

Kumho Tire Vietnam Co., Ltd. is all set to expand its investment project in Binh Duong province of Vietnam, with the phase 3 of expansion commencing in early 2025. This was discussed at a recent meeting between Vo Van Minh, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee (PPC), and Kim Hyun Ho, General Director of Kumho Tire Vietnam Co., Ltd.

The meeting was held on 13 November at the Administrative Centre of Binh Duong province, as per an official statement. Apart from the company’s investment till date and the planned investment for phase 3, the two also discussed about the challenges and obstacles regarding procedures and processes to have more land funds to expand the manufacturing plant, along with taking measures to tackle the obstacles. Kim Hyun Ho also conveyed to the PPC Chairman that Kumho Tire Vietnam Co., Ltd. belongs to South Korea's Kumho Tire Group and is currently ranked 10th in the car tyre manufacturing industry.

The company had invested in a tyre manufacturing plant in My Phuoc 3 Industrial Park in 2007 with a total initial investment of USD 308 million, which was supplemented by another USD 300 million in 2021. This extended the factory scale to six hectares and increased the production capacity to 12.5 million tyres annually. With the expansion in early 2025, the company will raise its total investment to USD 908 million and increase the factory's production capacity to 17 million tyres annually. The expanded capacity is expected to be operational by early 2026.

Yokohama-ATG, a leading manufacturer of all-terrain and off-the-road tyres, has expanded its Galaxy MFS 101 SDS range of forklift tyres with the launch of white, non-marking tyres.

The Galaxy MFS 101 SDS range consists of puncture-proof SDS tyres with extended wear limits designed for high-intensity working shifts and long durability. These are premium, solid rubber tyres developed for tough demands, a long service life and high driving comfort. The addition of white, non-marking tyres is specifically aimed at clean working environments.

Marked by a 3-stage construction process, the forklift tyres feature reduced heat build-up, effective shock absorption and minimised vibrations. The pattern design guarantees a smooth ride and good steerability thanks to its continuous centre lug and circumferential grooves. Furthermore, the flat walls and wide flat profile offer excellent stability when using a forklift for vertical stacking. The tyres are also equipped with anti-slip steel beads for improved rim fitment

In a case study on a CAT 2.5-tonne forklift that was used for handling heavy pallets on asphalt, the Galaxy MFS 101 SDS outshone the competitors with impressive performance. The tyre delivered an approximate 900 working hours before replacement against competitors’ 500 working hours.