A dynamic balancer includes an outer housing and a spindle assembly rotatably mounted to the outer housing. A frameless motor assembly is connected to selected components of the spindle assembly. A chucking assembly receives a locking member to capture a tire therebetween. The chucking assembly and the locking member are captured in the spindle assembly and rotated by the frameless motor assembly. A spring-biased return cylinder may be used with the dynamic balancer to assist in capturing and releasing the locking member with respect to the chucking assembly. An adjustable encoder assembly may be associated with the motor assembly to monitor a rotational position of the tire and/or spindle assembly.