Replacement tire prices are driven by raw material costs, which in CY-2019 were less volatile, but higher nonetheless. Tire prices increased slightly higher than the rate of inflation, which was partially offset by improvements in tread wear longevity.
Toyo Will Increase Commercial Tire Prices
Toyo Tire U.S.A. will increase the price of almost all of its commercial tires on May 1 with just one exception.