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Replacement Tires

Forecasting Tire Price Trends in 2020

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.

Upward Pricing Pressuring Fixed and Operating Costs

Fleets are being impacted by a variety of inflationary pressures ranging from higher acquisition prices due to the proliferation of onboard safety equipment, to increased material costs pushing up pricing on parts, upfits, and replacement tires.

Technology and The Tire

Technology has increased a modern truck tire’s useful life, overall fuel efficiency, and rolling resistance as well as helped reduce failures.

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.

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.

A Wrong and Right Way to Mount Truck Tires

It’s easy to mount a truck tire on a rim and torque down on the fasteners, but not everyone takes the time to do it right, and that can affect tire life and safety.

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