Meet the Michael Jordan of the Tire Industry - aftermarketNews

Meet the Michael Jordan of the Tire Industry

In this episode of Johnny g & Friends, presented by Firestone, get to know the “Michael Jordan of the Tire Industry.” No, he’s not 6-foot-6 with six playoff rings, but he is the largest car dealer in the state of Florida. That man is Larry Morgan, chairman of Morgan Family Ventures, a high-growth group of companies spanning multiple industries. Why is he the “Michael Jordan of the Tire Industry?” Well, because he’s the GOAT – one of the greatest tire dealers of all time, according to his friend, Johnny g (aka John Gamauf). But, let’s let his record speak for itself.

Larry got his start as store manager at Firestone after being a part of the company’s elite management training class of 1965. Years later, he would invest “every single dime” he had to purchase 30 locations of Don Olson Tire, with the help of Firestone Tire. In less than 10 years, he’d grow it to 600 locations of Tires Plus across the country.

Since then, he’s gotten out of the tire business and now owns 47 car dealerships as part of Morgan Auto Group, in addition to a construction management company, a real estate holding agency and others. Along the way, he’s molded himself into a philanthropist that gives back in the Tampa Bay community.

When Johnny g met Larry, he was on the path to becoming a business mogul as the CEO of Merchant’s Tire. Since then, the two have been through the ups and downs of the industry—and life—together.

In this episode of Johnny g & Friends, presented by Firestone, hear how Larry grew Tires Plus to a 630-location tire dealership, the challenges along the way, and like MJ, how he switched careers to become the largest car dealer in the Sunshine State. You’ll also hear about:

  • Larry’s start in the industry and the story of his first tire sale, which totaled $20 [1:00]
  • Larry’s time as CEO at Merchant’s Tire, which he grew to more than 100 locations [4:09]
  • How Larry set out on his own and “put every single dime” on the line to acquire Don Olson Tire, which he expanded to 600+ locations of Tires Plus across the country [5:13]
  • What Larry believes was the key factor in the success of Tires Plus and how he became known as “Recall Larry” among his team as they navigated the Ford-Firestone recall [7:42]
  • Why Larry sold Tires Plus stores to Bridgestone-Firestone [10:47]
  • How Larry entered the new car dealer market and the similarities and differences between owning tire stores and auto centers [12:29]
  • The success of Morgan Auto Group, which is on track to generate $4.5 billion this year, and what Larry enjoys most about his role as the group’s chairman [14:22]
  • Larry’s memories with Johnny g, including the time they both spent with Walter Payton, considered one of the greatest American football players in history [16:25]
  • Johnny g’s cancer scare at the age of 36 and how Larry dropped everything to be there for his friend [20:35]
  • Achieving work-life balance and how Larry and Johnny g handled their friendship while maintaining their competitive edge in their respective positions [22:23]

Watch the full episode above or subscribe to Johnny g & Friends on Apple Podcasts, Google Podcasts, YouTube, Spotify and Spreaker.

Look for more episodes of Johnny g & Friends the first Tuesday of every month here.

You May Also Like

At the Intersection of Tradition and Innovation with Grace Hovis

Grace Hovis’s journey in Hovis Auto & Truck Supply blends tradition with digital innovation in the automotive aftermarket industry.

Hovis Auto and Truck Supply's Grace Hovis on AMN Drivetime

Grace Hovis's journey in the family business, Hovis Auto and Truck Supply, highlights the balance between honoring tradition and seeking innovation. Founded in 1952, Hovis Auto and Truck Supply Inc. has evolved from a small operation into a major player in the automotive parts distribution space. This evolution was fueled by a willingness to adapt and innovate, a lesson Grace learned from an early age.

Long-Term BEV Predictions Should Dismiss Short-Term ‘Noise’

Managing Partner Derek Kaufman emphasizes that Schwartz Advisors tries to filter out both the hype and hysteria in its forecasts.

The Future of MEMA with Bill Long

Bill Long, MEMA president and CEO, outlines a forward-looking strategy focusing on advocacy, sustainability and competitiveness in the evolving automotive landscape, as the association celebrates its 120th anniversary milestone and legacy.

AMN Drivetime Bill Long
BEV Brake Service Tips

Andrew Markel shares his latest service tips in the all new BendPak EV Garage video series.

Evolving with Digitalization – Schaeffler’s Anna Heinendirk

Heinendirk shares her career trajectory and how she sees a cultural shift in the workplace from management to leadership.

Anna-Heinendirk_Schaeffler-Women-at-Wheel

Other Posts

Bridgestone Rolls Out Brand Refresh for Tires Plus, Hibdon Tires Plus

Updates to the logo include a single-color tire mark; a logo palette comprised of Tires Plus yellow, black and red; and refined typefaces.

Bridgestone Retail Operations rolls out brand refresh for Tires Plus, Hibdon Tires Plus
Bridgestone’s Firestone Rubber Farm Receives Recognition

Bridgestone said its Liberia facility earned the ISCC Plus certification for its efforts in reducing environmental impacts.

Bridgestone’s Firestone Liberia rubber farm receives ISCC Plus recognition
Eliminating Confusion with eReturns

Franco delves into eReturns, the solution he and his team have created to eliminate inconvenience in auto parts returns.

Jim Franco-Autologue-ereturns
Why the Grid Can Handle BEVs

The major utility-centric hub and spoke grid system is morphing into a more distributed power network.

SchwartzReport_ Kaufman5 1400x700