Commercial Business

MTD Facts Issue: Does a retread cost too much?

Posted on January 21, 2014

Last year was a good one for truck tire retreading. There was not only an uptick in the number of retreaded truck tires, but also an increase in the average price per retread.

We break down the $10 billion truck and retreaded truck tire market in the 2014 Modern Tire Dealer Facts Issue. While replacement truck tire shipments were down 1.8%, the number of truck tires retreaded was up 100,000 units. Here is a quick list of some of the 2013 stats.

No. of new truck tires shipped: 15.7 million

Avg. cost of a new replacement truck tire: $401.27

No. of retreads produced: 14.9 million

Avg. cost per retread: $250.24

Avg. cost of casing: $78.61.

Replacement truck tire market value: $6.3 billion

Retreaded truck tire market value: $3.7 billion.

The price gap between a new truck tire and a retread was nearly $200 in 2012. It was close to $150 last year.

The 2014 Facts Section also looks at market share for both retreaded truck and truck tires. Click here to check out our digital edition!

Related Topics: Facts Issue, retreading, tire pricing, truck tires

Comments ( 0 )
More Stories
Titan says the full-depth tread across the TGS2's entire surface provides better traction in all weather.
News

Titan Adds All-Season Tire for Skid Steers

Titan International Inc.is adding an all-season bias tire for skid steers to its TGS2 lineup. With a focus on snow removal and landscaping, the tire's open-shoulder tread design and full-tread depth are designed to provide traction in snow, ice and mud.

News

NCTDA to Honor Dealers at 2017 Expo

The North Carolina Tire Dealers Association (NCTDA) will honor its 2017 Dealer of the Year and induct two new members into its Hall of Fame.

News

BKT Is Named Port Tire Manufacturer of the Year

Balkrishna Industries Ltd. (BKT) received a port tire manufacturer of the year award for port and terminal cargo handling equipment at the Terminal Operator Excellence Awards 2016 in Dubai, UAE.

News

Ronnie Scott Joins CMA as Field Sales Engineer

Ronnie Scott is taking his 21 years of experience from Falken Tire Corp. and Pirelli Tire North America Inc. to China Manufacturers Alliance LLC (CMA). Scott will serve as the field sales engineer for CMA, the company that manufactures and markets Double Coin Holdings Ltd. products in the U.S.

News

Goodyear Declares 21st Straight Dividend

Directors of Goodyear Tire & Rubber Co. have declared a quarterly dividend of 10 cents per share of common stock. The dividend is payable March 1, 2017, to shareholders of record on Feb. 1, 2017.

The GT Radial GDL651FS is a closed shoulder drive tire designed for North America.
News

Giti Designs a Drive Tire for North America

Giti Tire (USA) Ltd. has introduced the GT Radial GDL651FS drive tire for North America. The SmartWay-verified tire offers long haul operators better fuel economy, plus traction and long tread wear.

News

Hotwire Will Return After MLK Holiday

Due to the Martin Luther King Jr. holiday, Modern Tire Dealer will not publish Hotwire on Monday. Look for the next edition on Tuesday, Jan. 17.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!