In 2004, a new searching algorithm for Magic Formula tyre model parameters was presented. Now, a summary of the results, for pure and combined slip, that this algorithm is able to achieve is presented. The Magic Formula tyre model needs a set of parameters to describe the tyre properties. The determination of these parameters is dealt with in this article. A new method, called IMMa Optimization Algorithm (IOA), based on genetic techniques, is used to determine these parameters. Here, we show the computational cost that has been used to obtain the optimum parameters of every characteristic of the Magic Formula tyre model, called Delft Tyre 96. The main advantages of the method are its simplicity of implementation and its fast convergence to optimal solution, with no need of deep knowledge of the searching space. Hence, to start the search, it is not necessary to know a set of starting values of the Magic Formula parameters (null sensitivity to starting values). The search can be started with a randomly generated set of parameters between [0, 1]. Nowadays, MF-Tool, an application developed by TNO, uses an optimization technique to fit Magic Formula parameters from Matlab toolbox [van Oosten, J.J.M. and Bakker, E., 1993, {Determination of magic tyre model parameters}. Vehicle System Dynamics, 21, 19–29; van Oosten, J.J.M., Savi, C., Augustin, M., Bouhet, O., Sommer, J. and Colinot, J.P., 1999, {Time, tire, measurements, forces and moments, a new standard for steady state cornering tyre testing}. EAEC Conference, Barcelona, 30 June–2 July.]. We refer to that algorithm as the starting value optimization technique. The comparison between the optimization technique employed by TNO and the proposed IOA method is discussed in this article. In order to give a relative idea of adjustment accuracy, the sum-squared error and the mean-squared error, from the curves of the tyre model with the parameters optimized by both applications compared with test data are evaluated.