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Check out what’s new with light-, medium-, and heavy-duty commercial truck tires and what fleet trends are driving these tire-related trends.
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Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.
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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.
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Retread tires offer comparable performance to a new tire in a more environmentally friendly package. Here’s how to make sure they last.
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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.
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Bridgestone Americas Tire Operations LLC and Bridgestone Canada Inc. will increase the price of Firestone brand truck and bus radial tires on Feb. 1, 2019.
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Tire prices will continue to rise with increases in raw material costs, tariffs, and a more robust economy fueling growing fleet needs.
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It’s been said before and it will be said again – it’s never “one-size-fits-all” when it comes to discussing any aspect of commercial truck fleets. A changing landscape, driver shortage, and growth in last-mile deliveries are having an impact.
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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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