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."