Will tire dealership mergers and acquisitions continue in 2023? Industry analyst John Healy offers his thoughts in part two of this exclusive interview from MTD's 2023 Facts Issue. 

Are challenges like the supply chain crisis and price increases finally in the rear-view mirror? Not necessarily, says John Healy, who tracks the domestic tire industry for Northcoast Research Holdings LLC. He explains why in this MTD exclusive.

"We need some help to keep our margins up and keep our business and other independent tire dealers healthy for the future," a frustrated tire dealer recently told MTD.

Looking closely at raw material costs, we note that the “basket” of raw materials needed to build a common replacement tire has increased 23.7% on a year-over-year basis.

Michelin North America Inc. will raise prices on its Michelin, BFGoodrich and Uniroyal brand passenger and light truck replacement tires sold in the United States and Canada up to 6% on July 1.

Bridgestone Americas Inc. will raise prices on select Bridgestone and Firestone brand passenger and light truck tires up to 8% in the United States and Canada due to "increased business costs and other market dynamics."

Michelin North America Inc. will increase prices on select Michelin, BFGoodrich and Uniroyal passenger and light truck tires up to 8% on April 1 in both the United States and Canada.

Apollo Tyres Ltd. is the latest tire manufacturer to announce a price increase. The company will raise prices on its Vredestein brand consumer tires up to 5%, effective March 1, "including adjustments at the article and pattern level."

Michelin North America, Inc., has announced price increases up to 5% on select Michelin and BFGoodrich brand passenger and light truck tires, as well as on select commercial truck tires, "due to changing business dynamics of the U.S. market."

Pirelli Tire North America is the latest tire manufacturer to announce a price hike. The company will raise prices on its passenger and light truck tires sold in the United States, effective Jan. 1.

Sumitomo Rubber North America (SRNA) will increase prices on its Falken and Ohtsu brand passenger, light truck and medium light truck tires in the United States and Canada.