Retail

Tariffs and higher prices may be inevitable

Posted on July 31, 2014

The tariffs are coming. With them will be an increase in tire prices.

That seems to be the way the winds are blowing, following early decisions by the United States International Trade Commission and the U.S. Department of Commerce. At the very least, Modern Tire Dealer Editor Bob Ulrich, who is against the tariffs, is not optimistic.

"The result will be increased tire prices," he says. "If tire manufacturers don't eat at least some of the increase, will tire dealers be able to pass it along to their tire customers? I don't think so."

Find out how high the tariffs might go and why by reading Ulrich's latest blog, "Tariff update: Can you afford to raise tire prices by 88% just to break even?"

Do you agree or disagree with Ulrich? Do you want tire prices to go up? Let us know what you think by leaving a comment!

Related Topics: B.O.B., DOC, ITC, tire pricing, tire tariffs

Comments ( 15 )
  • Realist

     | about 3 years ago

    Higher quality products should cost more. Learn to sell. I will thrive in this because my employees are great at selling regardless of costs and all of you sitting around crying over spilled milk will be gone and I'll have less people to compete with when the tariff expires.

  • See all comments
More Stories
News

Two Asian Automotive Shows in One in March

Tyrexpo Asia 2017 and the inaugural edition of GarageXpo Asia will be held in conjunction with each other March 21-23, 2017, in Singapore. The events are organized by SingEx Exhibitions Pte. Ltd.

Bobby Hendry from 31 Inc. was from one of 80-plus vendors at the Tire Factory trade show. Here he talks to Mike Fleming, equipment supply manager for the dealer group, and Marc Thompson from Point S Everett in Everett, Wash.
News

Point S Rebranding Exceeds Expectations in the U.S., and Points to More Growth

Tire Factory Inc. members have rebranded the vast majority of their 206 stores to the Point S banner at a breakneck pace. And leaders of the Oregon-based cooperative are unveiling new programs with two big hopes: the momentum of current members continues, and more independent tire dealers join their network.

News

Cooper Enjoys a Full-Year Income-to-Sales Ratio of 8.5%

Cooper Tire & Rubber Co. posted net income of $69.3 million on net sales of $783.9 million for its fourth quarter ended Dec. 31, 2016. That compares to income of $59.2 million on sales of $775.5 million for the same period in 2015.

ATV has added 6 stores to its network of American Tire Depot stores in California.
News

ATV Opens 6 American Tire Depot Stores

ATV Inc. has acquired six stores in the greater Los Angeles metro area. The purchase expands ATV's network of American Tire Depot stores to 98 outlets, all in California.

News

MATDA Joins TIA's Social Media Platform

The Mid-America Tire Dealers Association (MATDA) has joined the social media content platform developed by the Tire Industry Association (TIA) and the Automotive Marketing Foundation (AMF).

News

Toyo’s Net Tire Sales Drop 6.7% in 2016

Toyo Tire & Rubber Co. Ltd. reported a net loss of 12.3 billion yen on net sales of 381.6 billion yen for its fiscal year ended Dec. 31, 2016. That compares to net income of 1.6 billion yen on net sales of 407.8 billion yen for fiscal 2015.

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!