AKRON — The "typical" larger-scale, multi-store independent retail tire dealership in North America operates 24 stores, generates about $2.8 million in revenue per outlet and carries 11 tire brands.
That's the picture gleaned from Tire Business' survey of the North American tire retailing sector this past year.
The dealership size of 24 stores is the median of the 101 dealerships profiled in this year's report. That's up from 21 a year ago.
The average size of a Top 100 dealership jumped by nine to 73, reflecting a series of acquisitions covering hundreds of outlets by companies near the top of the list.
- This story appeared in the Oct. 22 print edition of Tire Business.
In addition, Tire Business research reveals there are 35 more dealerships just outside the top 100 collectively operating more than 300 stores — seven with 10 stores, 10 with nine and 18 with eight.
The average sales revenue of a store — based on data from 48 companies that supplied sales information — was nearly $2.8 million, down from the $3.5 million reported a year ago, while the median store sales of the companies that reported revenue was $1.35 million, down roughly 10 percent from a year ago.