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INDUSTRY NEWS

TIA announces 2014 Hall of Fame class
Tire Review
The Tire Industry Association has named its 2014 Hall of Fame recipients: Harold Coker, founder of Coker Tire Co.; Charles Cornell, the late founder of Tech International; and Juanita Purcell, executive vice president of Purcell Tire & Rubber Co.
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Record recalls drive repair business to US car dealerships
Forbes
Recalls are on a pace to set a new record this year, analysts said. General Motors is generating the most headlines on recalls, but there are major recalls for several other manufacturers, too. Nobody’s celebrating all those recalls, especially since safety defects have been linked with several fatal traffic accidents. But there’s no getting around the fact that the massive number of recalls is generating a ton of business for the nation’s car dealerships.
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Used tires could find 2nd life in batteries
Scientific American
Hundreds of millions of tires reach the end of their first life each year in the United States. The majority of these tires are recycled into road paving materials, plastic additives, and other useful materials. But, a significant waste stream remains, providing an opportunity for new applications for wasted rubber.
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US safety agency offers online vehicle recall check
WCBS-TV
The U.S. government is offering a free online service for drivers to find out if their vehicles have been recalled but not repaired. The National Highway Traffic Safety Administration said the service started recently on its website, www.safercar.gov. Drivers can key in their vehicle identification number to get the results. The number can be found on the dashboard near the windshield or on the driver’s door post near the latch.
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TIA announces 2014 Hall of Fame class
Tire Review
The Tire Industry Association has named its 2014 Hall of Fame recipients: Harold Coker, founder of Coker Tire Co.; Charles Cornell, the late founder of Tech International; and Juanita Purcell, executive vice president of Purcell Tire & Rubber Co.

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Mastering the fine art of pricing
Modern Tire Dealer
Price, price, price, price, price, price, price…everybody is talking about tire prices. Independent tire dealers have a lot to say about this subject, and rightly so. Tire dealers are talking about all phases of tire pricing, what they pay for tires and what they charge (or can charge) for tires.

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Michelin study: Teens aren't taught tire safety
Modern Tire Dealer
Michelin North America Inc. has released new data about driver's education and training in the United States which finds that teenagers often lack the essential knowledge and skills that can help keep them safe on the roads.

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6-year car loans fuel accelerating auto sales
McClatchy via The Seattle Times
Four-year car loans used to be the norm, which then became five-year loans. But from April through June of this year, 41 percent of new-car loans were for financing largely about six years, according to data from the credit-analysis firm Experian.
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It's OK to not know
Tire Review
A member of the Tire Review staff writes of her experience car shopping with her husband, “When we arrived at the dealership, a salesman approached us and started with his sales pitch about the car. As we both listened, we noticed he was spouting out facts that were wrong. We asked a couple of questions and the salesman was clearly making up answers. While we still wanted the car we weren’t going to give the sale to someone who was lying to us, so we left. Nothing is worse than a line of BS. If you don’t know the answer, it’s okay to say you’ll look it up. Sales people don’t need to know everything; they just need to be willing to find out.”
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1,492 Wild Country tires are recalled by Cooper
Modern Tire Dealer
Cooper Tire & Rubber Co. is recalling certain Wild Country Radial XTX Sport tires, size 265/65R18. The tires were manufactured June 1 through June 28. The National Highway Traffic Safety Administration campaign ID number is 14T008. The potential number of affected units is 1,492.
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10 resources for managing your online reviews
Small Business Trends
Bad reviews aren’t just upsetting. If they give your brand a bad reputation with key customers, it can kill your business. That’s why business owners need to learn to cultivate good reviews and also deal with bad ones when they come. Luckily, Shawn Hessinger has your back when it comes to managing your online reviews.
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Rubber prices in tailspin as inventories accumulate
The Desert Sun
When evaluating commodity prices such as oil, natural gas, coal, or metals like gold and silver, rubber seldom comes into play as an object of importance. Perhaps it’s due to the artificial substitutes, or the many and varied uses of this flexible, watertight commodity that belong to previous generations. However, its production from rubber tree plantations is highly concentrated in Thailand and Indonesia, which makes for worldwide price swings of shortages and increases. Currently, benchmark rubber trading futures have dropped 31 percent this year, due to the previously huge accumulations and slowing growth in China, the No. 1 user.
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