Aquatred 3 Punctuates Goodyear Tire Lineup
16 August 2000
AKRON, Ohio - Goodyear's new premium Aquatred 3 passenger-car tire is the exclamation mark on the company's accelerated product plans. By the end of this year, 80 percent of the tiremaker's passenger tire lines will be less than three years old. However, with the addition of Aquatred 3, in just two years, Goodyear has transformed its broad market line of passenger car tires, simplifying retailer inventories and tire buying for consumers. The Akron company has reduced its dealers' selection of family-car tire lines from 11 to just four. Goodyear's Aquatred 3 tire, with its dual water- evacuating aquachannels, completes the lineup. Other all-season radial tires for the family car are the Regatta 2, Integrity and Club. The four tire lines replace the Aquatred II, Infinitred, Regatta, Conquest, Invicta, Intrepid, S4S, T-Metric and Decathlon. "Selection is what consumers demand; however, sometimes too much choice is confusing. That's why we have streamlined our broad market tire lineup," Bob Toth, marketing manager for auto tires, said. In addition, marketing officials are focused on new product lines -- such as Aquatred 3 and Regatta 2 -- with increased margins that translate into improved product mix and market share gains, Toth said. Line simplification also offers retailers many benefits, including reduced inventory costs and eliminated duplication. It also helps retailers to differentiate their products, Toth said. The four tire lines share touring-tire appearance and performance, yet they are differentiated by treadlife warranties, handling/traction levels and sidewall styling. For example, the elite Aquatred 3 tire's performance offers Goodyear's best wet traction and longest wear, carrying an 80,000-mile treadlife limited warranty, Toth said. Aquatred 3 also features a directional tread design, dual aquachannels and an elite black sidewall. The accelerated new product strategy also improves Goodyear's competitiveness in the world's largest tire market, North America. "If you are innovative enough, you can have a sustainable competitive advantage," Toth said. "Therefore, customer-driven innovation must rule our product plans." Aquatred 3 addresses a strong consumer segment interested in better traction on wet roads. The tire will retail at a 10 to 12 percent premium to Regatta 2. "Innovation and new products are capturing the imagination of today's consumer," he added. Goodyear, the leader in brand loyalty in its home market, has sales more than twice that of its nearest competitor in North America. Last year, Goodyear used the same product simplification strategy in winter tires. The company eliminated seven old tire lines and introduced four new tires to innovate and simplify its portfolio simultaneously.