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Canadian Tire money that gave gas bar customers an in-store discount began in 1958. By June 1961, there were 31 locations. The small financial services company Midland Shoppers Credit Limited was purchased in 1968 and renamed Canadian Tire Acceptance, Limited. A Canadian Tire store with a gas bar in Toronto, 1990
Discount Tire Company was founded by Bruce Halle as a tire shop in 1960, in Ann Arbor, Michigan.Halle had taken out a $400 loan to open the store, originally having six tires from a previous failed automotive supply company.
Tire Discounters (Stylized as TireDiscounters) is a tire and auto service shop started by Chip Wood in 1976 in Cincinnati, Ohio. Today, it ranks as the eighth-largest independent tire dealer in the U.S. by Modern Tire Dealer National Rankings 2020.
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In 2022, American Tire Distributors sold their Canadian operations (National Tire Distributors) to Groupe Touchette. [15] In October 2024, ATD filed for Chapter 11 bankruptcy protection for the second time, listing assets and liabilities between $1 billion and $10 billion. The company plans to sell itself to new owners in efforts to eliminate debt.
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