Originally Posted By: SubLGT
From the last few weeks of browsing at various tire industry websites it is clear that tire prices will be going up by 5-8% this year in North America. Michelin, Bridgestone, Yokohama, etc have announced price increases. Presumably due to increased raw materials costs.
Raw materials from resin to petroleum-based fluids are expected to increase in price this year. Some already have. I am curious if the fall in RM prices a couple years ago translated to the fall in retail prices of products such as tires. Probably not. Well, probably not to nearly same extent. It seems like motor oil deals were plenty last year but I don't think those prices fell even close to the same extent as prices of raw material components.