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WELCOME TO TTDA TODAY!
We are excited to announce the launch of this new electronic member update. TTDA TODAY is designed to keep our members up to date on the latest news and information highlighting the tire industry in Texas.
Click image above for more info on this year's convention.
IRS issues final regulations on health care reform affordability
Employers will not be hit with a stiff financial penalty and employees will not be eligible for federal premium subsidies to buy coverage in public health insurance exchanges regardless of how much employers charge for family coverage, under final Internal Revenue Service regulations.
Will passenger tire retreading make a comeback in the US?
Modern Tire Dealer
Drive-in movies, hula-hoops, coonskin hats, passenger tire retreads ... all of these were huge in the 1950s. Is one of them set to make a return to their 1950's prominence in the U.S? The Tire Retread & Repair Information Bureau gets asked that question from time to time, both from overseas members looking to exploit a potential business opportunity and from our U.S. members exploring other avenues for growth.
Toyota recalls 1 million vehicles
Toyota is recalling 752,000 2003-2004 Toyota Corolla and Corolla Matrix vehicles because of a faulty airbag control module and 270,000 2006-2012 Lexus IS vehicles for a windshield wiper problem in two separate recalls recently announced. With the Corolla recall, Toyota said in a statement that there is a possibility that the front airbags and/or seat pre-tensioners could inadvertently deploy. With the Lexus recall, Toyota said a loose nut could cause the windshield wipers to fail.
US gasoline prices jump 17 cents in the past week
The Wall Street Journal
If you start the week by filling up your car's gas tank, you may have felt a tinge of sticker shock this time around. The average price of a gallon of regular gasoline in the U.S. recently climbed to $3.52 from just under $3.35 a week ago, according the the AAA Daily Fuel Gauge Report. Prices at the pumps are up in part because of rising crude prices and a decline in supply stemming from refiners switching from winter-blend fuels to summer blends. Companies typically perform maintenance on their refining machinery during these changeovers, and the resulting downtime caused a drop in supply that drives prices up.
Used vs. new? Safety 1st
As prices for new tires continue to increase and the economy remains unsteady, more motorists are trying to cut costs wherever possible while possibly looking toward more eco-friendly options. And that means they're shifting their attention and consideration, in some cases, to buying used tires.
US small-business borrowing rises in December, but barely
Borrowing by small U.S. businesses rose marginally in December, eking out a tiny gain for the year and suggesting headwinds for economic growth for the first few months of 2013, a recent report showed. The Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to small U.S. companies, rose to 112 from an upwardly revised 111.1 in November, PayNet said. Borrowing was up just 1 percent from a year earlier.
Rubber extending bull market with record car sales
Diminishing rubber supplies and record car sales are extending a five-month bull market that's poised to raise costs for tire makers. The surplus will contract 61 percent in 2013 as global consumption rises to a record high, according to the 35-nation Singapore-based International Rubber Study Group. Tires account for 70 percent of rubber consumption.
TIA to NHTSA: TPMS regulations burden retailers
Modern Tire Dealer
The Tire Industry Association has submitted comments to the National Highway Traffic Safety Administration on the economic impact of its regulations on small entities as required by Section 610 of the Regulatory Flexibility Act. Specifically, TIA commented on Federal Motor Vehicle Safety Standard 49 CFR 571.138 that regulates tire pressure monitoring systems on passenger cars and light trucks. TIA's comments focused on the section that related to the written instructions that must be included in the owner's manual. TIA feels that the requirements are inadequate and do not properly explain the different TPMS telltales or educate the consumer on the need for regular maintenance.
EPA proposes higher renewable fuel standards
The EPA is proposing a 62 percent increase in the amount of cellulosic biofuels that refiners must blend into their gasoline and diesel, despite a federal court's recent decision to strike down its 2012 standard for the fuel. In all, the agency proposed refiners blend more than 20.5 billion gallons of renewable fuels into gasoline and diesel this year, 1.35 billion gallons over the 2012 mandated amount.
Tire dealer software technology
Whether it's the click of a mouse or a finger swipe across a tablet or smartphone, technology is changing the way tire dealers run their businesses. Dealers need to access their shop information seamlessly, from anywhere and from any device and many of the latest software developments provide just that, and more. Cloud storage service, mobile applications and easy online shopping tools are some of the latest features in dealer software technology.
Colby Horton, Vice President of Publishing, 469.420.2601
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Lisa Smith, Senior Content Editor, 469.420.2644
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