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The leading commercial truck tire sizes of 2018, as reported by the U.S. Tire Manufacturers Association, includes the perennially popular 295/75R22.5.
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Michelin North America Inc. will increase prices on its commercial tires on Dec. 1 by as much as 8%.
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Higher commodity prices are putting upward pressure on fleet prices for replacement tires. National accounts are no longer as willing to absorb the majority of price increases, which are between 3%-8% on select tire lines.
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Les Schwab is recalling 41,336 steel-belted radial retread truck tires because the vulcanizing compound used during the process may not have been completely cured, which can lead to incomplete adhesion of the tread to the tire casing.
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For the past four years, tire costs have been stable. But, new cost pressures have emerged in 2017, due to higher prices for the commodities used to manufacture tires and the trend to larger diameter, more expensive tires.
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For the past four years, tire costs have been stable. But new cost pressures have emerged in 2017, primarily with higher prices for commodities used to manufacture tires and the trend to larger diameter, more expensive, tires.
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Passenger car tire prices are anticipated to increase in CY-2017. The key factors influencing future replacement tire prices are the cost of materials and the continuing trend to larger diameter and unique tire sizes.
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Replacement tire prices for CY-2016 are flat because of less volatility in the global prices of commodities used to manufacture tires, namely oil, rubber, and steel. The forecast is for a continuation of price stability into CY-2017.
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The current tire cost stability may be short lived. The forecast is for a 2- to 3-percent cost increase in CY-2016 driven by unique tire sizes, run-flats, and limited replacement tire availability for certain vehicles.
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Replacement tires are the second highest operating cost for fleets after fuel. During CY-2015, replacement tire prices have remained stable compared to the prior year.
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