Recent dealer commentary suggests that consumer demand for passenger and light truck tires continues to drop. Demand fell on a net basis this past June versus the same month in 2021. 

It's been one year since Goodyear Tire & Rubber Co. finalized its acquisition of Cooper Tire & Rubber Co. How's the integration of Cooper into Goodyear going? And what's next? Analyst John Healy shares what he knows in this episode of The Modern Tire Dealer Show.

Recent tire dealer commentary suggests that demand for passenger and light truck tires fell on a net basis last month versus May 2021. 

Our recent conversations with tire dealers leave us with the view that retail sell-out trends are climbing on a year-over-year basis.

Recent dealer commentary suggests that consumer demand for replacement passenger and light truck tires during January 2022 was higher on a net basis compared to January of last year and slightly above January of 2020. 

Recent conversations with tire dealers leave us with the view that retail sell-out trends are climbing on a year-over-year basis versus the same period last year.

The whole tire industry is waiting to see what happens next as Goodyear Tire & Rubber Co. integrates the Cooper Tire & Rubber Co. business into its portfolio. One thing John Healy knows is that Goodyear has found even more savings than the $165 million the tiremaker initially expected to realize.

All the acquisition activity of 2021 adds up to momentum, and industry analyst John Healy is looking for it to spill over into 2022. He says conditions are showing this year could be even stronger.

Pricing actions were frequent in 2021, and more have already rolled into the new year,. Analyst John Healy says on average those price hikes resulted in a 20% increase over 2020 prices. Interestingly, he says the cost to build an average tire went up 24% in 2021.