February 28, 2013
The average replacement tire cost per month rose 15 percent, and, on a cost-per-mile basis, rose 10 percent in 2012 compared to 2011. There are a variety of factors influencing tire costs, such as commodity prices and increased global demand; however, the industry-wide retail trend to larger diameter OE tire sizes is a key factor in driving up replacement tire prices in the past decade.
Tags: GE Capital Fleet Services, Modern Tire Dealer Magazine, Tire Diameter, fleet tire costs