Replacement Tire Costs Remain Stable in 2015
An article in the November 2015 issue of Automotive Fleet examined replacement tire pricing and found that it remained relatively flat between 2014 and 2015, mostly due to stable raw commodity prices.
Despite this, there are some scenarios where pricing can fluctuate. One such example is when manufacturers develop unique tire sizes for new-model vehicles. When that happens, there is often a lag time of one to two years between the introduction of the new size and when aftermarket suppliers can meet the demand for replacement tires. This can limit availability and selection.
ARI’s Director of Fleet Management Romy Bria noted, “While overall petroleum pricing has stabilized, commodity pricing for other products still varies. Increased use of larger-sized wheels and tires has also impacted the pricing and availability of replacement tires. In addition to larger-sized tires, the introduction and expansion of Euro-style vans in the market will impact tire availability and costs moving forward. Most of these new vans have OE fitment with a higher load range ‘C’ specification, which will impact tire replacement, market pricing, and availability.”
You can read the full article by clicking here.