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Champtires was founded in 2009 to provide an option to expensive new tires. With prices up on almost all consumer goods, including tires and gas, anyone who drives, sells or repairs cars can benefit from lower priced high-quality used tires.
A 2022 Bureau of Labor Statistics report reminds us that from the 2007 to 2009 recession — and through the onset of the pandemic in 2019 — “car and truck dealerships faced an economic shock and compressed profit margins on new vehicles.” CarEdge Data pointed out that February inventory supply ranged from two weeks to two years.
Before that, much of our dealer-facing team was on the retail side of the business through 2008 and before. Through 2008 and 2009, they averaged 151 cars per month. Fast forward to 2023, and they finished the year averaging 795 cars per month in Q4 while everyone else was crying about a slowing market. million people.
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