Change Your Tyres Before The Price Hike

Saturday, 7. February 2009

Tyres are on the move! Increasing in cost that is. The sudden jump in the cost of crude oil last year followed by the drop in value of sterling resulted in a continued increase in the cost of the raw materials that are used to manufacture tyres. This has meant that prices increased by 20% over recent months with the industry warning that prices will rise even further during 2009. Kwik Fit Fleet say they are expecting some large increases in cost in February and March which will have to be passed on to customers. At the same time tyre manufacturers will be cutting back production as global demand continues to drop. This could also lead to shortages of tyres especially the larger and specialist tyres. So if you are thinking about changing tyres it might be worth considering sooner rather than later when prices go up or you can’t even get them at all. By Graham Hill