Adding famous tire brands to Midas’ menu is a significant step in making this happen. As reported in the 2016 Market Facts published by Tire Business, Michelin and Goodyear-manufactured tires represent 53 percent of tires that go on new cars; and many consumers automatically choose them when the time comes to shop for replacements. Michelin and BFGoodrich account for 15 percent of replacement tires purchased for passenger vehicles each year and 17 percent of light trucks.*
“The big brands matter to consumers, and Midas has them,” said Birkins. “We are building the capabilities to be a world-class tire marketer and a significant player in the business, offering customers competitive prices, convenient locations, and the quality brands they want.”
In addition to expanding its service offering with tires, Midas is focusing on expanding its retail footprint and in the most recent fiscal year opened 22 new franchised locations.
Motorists who put their trust in the Midas® Touch for vehicle service now can have Michelin tires installed on their cars at more than 1,000 franchised locations in the US, thanks to a new partnership between the two brands. Midas, which started life as a muffler specialist in the mid-1950s, blazed a trail as the first nationwide brake-service outlet in the 1970s and morphed into a multi-service provider in recent years, is taking on a new role as a tire and total care destination installing premier brands such as Michelin and its BFGoodrich line, as well as Goodyear and Cooper.
Midas’ expansion into tires is part of a multi-faceted makeover orchestrated by its parent company, Florida-based TBC Corporation, a tire industry giant.
