Although prices for replacement tires increased 3% per unit per month in calendar-year 2019 compared to CY-2018, the per transaction tire costs were up less than 1% for fleets buying at pre-negotiated national account prices.
The new Spiffy Tires service offers mobile and fixed-site tire installation for fleets and features a number of reliable brands, such as Michelin, Continental, and BF Goodrich.
Most of the subject matter experts that we spoke to expect an increase in tire prices, although predicting future tire costs is difficult due to variables that influence tire pricing.
Goodyear is expanding its service footprint in the Midwest with the acquisition of the Raben Tire Company
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.
By managing a tire throughout its lifecycle – from selection to removal – fleet managers can make a big impact on the bottom line, all while making mobility more efficient for their fleet.
Continental's pre-cured tread plant in Mt. Vernon, Ill., adds a second production shift, and is expected to reach a 300% increase in production compared with 2018.
The U.S. Department of Justice has opened a criminal investigation into Ford Motor Co.’s emissions testing and certification processes, the factory revealed in an SEC filing today.
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.
At Michelin's Movin' On conference, the company announced goals to use 80% sustainable materials in its tires and produce 100% recyclable tires by 2048.