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Higher Commodity Prices Exert Upward Cost Pressure on Tires

Higher Commodity Prices Exert Upward Cost Pressure on Tires

Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.

November 1, 2021

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