THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
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Replacement Tires

Replacement Tire Costs Increased 8% in 2018

Upward cost pressures on replacement tires have emerged in 2018, due to higher cost for the commodities used to manufacture tires and the trend to larger diameter 17- to 18-inch wheels, which are more expensive to replace.

Top Commercial Truck Tire Sizes Identified

The U.S. Tire Manufacturers Association has identified the top original-equipment manufacturer and aftermarket tire sizes in its latest fact book that covers the 2018 calendar year.

Tire Prices Increase Due to Higher Commodity Costs

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.

Les Schwab Recalls Retread Truck Tires

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.

Replacement Tire Costs Increase 5-10%

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.

Higher Commodity Prices Put Upward Pressure on Tire Costs

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.

Fleet Replacement Tire Costs Decline

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.

Stable Commodity Prices Keep Replacement Tire Costs Flat

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.