SOUTH BEND, Ind. (March 3, 2014) — Tire Rack Inc. co-founder Pete Veldman, 87, died this morning, according to company Vice President Matt Edmonds.
Details and funeral arrangements will be provided at a later date, he said.
The South Bend-based online/mail-order retailer was founded as a tire store in 1979 by Mr. Veldman and his son-in-law, Mike Joines. In 1982 the company shifted its focus to a mail-order marketing operation. The original store continued to operate until 1990 when Tire Rack decided to focus on wholesaling.
He was inducted into the Tire Industry Association's Hall of Fame in 2012 in recognition of his forward thinking and seeing a need for customers to acquire tires easily and efficiently.
Under his leadership, Tire Rack became a leader in the online direct-to-consumer tire business. Its website provides more than 50 million annual website visitors with test results, tire selection, reviews and shipping options.
How have tire prices been in the last few months?
|They've gone up 1-5%||
|They've increased 6-10%||
|They've stayed flat||
|They've gone down between 1 and 5%||
|They've gone down 6-10%||
|They've dropped more than 10%||