North American automakers are struggling with a nagging shortage of tires, caused in part by tire plant closings and rising demand for low-volume specialty tires.
Automakers are paying much higher prices — double-digit percentage increases from a year ago — as tire makers gain pricing power.
“We have been bombarded from every side for additional tires, and we can’t keep up,” said David O’Donnell, Continental Tire’s vice president of original equipment in the Americas. “We are at maximum capacity, and all shifts are maxed out.”
This is the perfect time for people to try out used tires and not only save money but help the planet.