More older, more complex cars mean more breakdowns that can’t be fixed on the roadside—pushing more drivers and fleets to call for a tow and lifting demand for Miller’s specialized recovery trucks. The story also hinges on whether overseas and military sales can grow fast enough to offset a weak near-term market and rising costs.Read more
Miller Industries faces a tougher near-term stretch as dealers work through excess stock and customers hold back on new orders, even as the company tries to tighten costs. Longer term, an aging vehicle fleet and growing transport activity could lift demand, but tariffs and shifting emissions rules may complicate the comeback.Read more
Miller Industries could bounce back sooner than most people expect as supply problems ease and the company tightens costs and production, helping profits and cash flow recover. But the story comes with real threats, from weaker demand to new vehicle tech and customer concentration that could pressure sales and margins.Read more
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Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment. It provides wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment. The company also offers transport trailers for moving multiple vehicles for auto auctions, car dealerships, leasing companies, and other similar operations. It markets its products under the Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige, Boniface, Omars, Titan, and Eagle brand names. The company sells its products through independent distributors in North America, and Canada, Mexico; and through prime contractors to governmental entities. Miller Industries, Inc. was founded in 1990 and is headquartered in Ooltewah, Tennessee.
