Skip to Content

Tire prices set to tip the scales

Text SizeAAA

Filed under: Bargains, Transportation, Economizer

If you're kicking around buying new tires, you'd better make up your mind quickly. That's because if you wait too long -- until January -- it can wind up costing you quite a bit extra.

A new 35% tariff on Chinese-made car and light truck tires being imposed by the Obama administration is forcing wholesalers to raise prices on tires sold to retailers, who are sure to pass that "extra" onto consumers. How much extra?

Some say even the most affordable tire will cost about $50 more. Brand name ones are expected to jump as much as $80 per tire.



Tires imported from China aren't the only ones going up. Domestic wheels like Goodyear and Michelin are also expected to get a price hike.

David E. Long of Heritage Tire Sales in Syracuse, N.Y. says many wholesalers and retailers are trying to stock up on pre-tariff tires in the hopes of saving themselves a headache -- and their customers some big bucks.

But that's becoming increasingly harder to do. Long says many importers stopped shipping tires in mid-August, in advance of the tariff.

"They feared they'd have tires stuck on ships because wholesalers would cancel their orders once the prices rose," he told WalletPop.

As a result, Long says distributors are quickly running out of tires at the 'old price' making it harder to find deals. So the "old prices" will only be available while supplies last.

If you're interested in transportation, you may like
these related sites for: Maps, Driving Directions, Travel, and Cars.
Subscribe to Walletpop

Reader Comments (Page 1 of 1)

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.

Vote Now For the Readers' Choice Best in Food Awards
Nominations have been received and vetted for the best-of-breed in gourmet grocers, online gourmet ...
Zingerman's Bakehouse: Artisan Bread and Pastry from Ann Arbor
Zingerman's Bakehouse of Ann Arbor, Michigan, is nominated for a Luxist Award in the best bread ...

Ask the Dolans

Have a question about the "Cash for Clunkers" program or any other personal finance subject? Ken & Daria Dolan are here to help.

Ask your own questions to the Dolans

Jason Cochran
Jason Cochran Filed under: Bargains, Extracurriculars, Transportation, Travel, Celebs & Money

On board the new Oasis of the Seas: Is it worth the money?

So here I am, writing this from off the coast of Florida as part of the first two-day preview cruise of the magnificent Oasis of the Seas. Royal Caribbean has launched the largest cruise ship in the ...
Geoff Williams
Geoff Williams Filed under: Credit cards

Citigroup holds its customers hostage

Across the nation, Citibank credit card holders are receiving what pretty much amounts to a ransom note: We're going to raise your rates, says the letter, in so many words, but if you spend more ...
Bonnie McCarthy
Bonnie McCarthy Filed under: Budgets, Kids and Money, Saving Money, Technology

Family budgets: Make movie night safe again with family-friendly review sites

Around my house, we don't make the decision to pile into the car and head over to our local Cineplex as easily as we once did. It costs a lot of money these days to see talking animals, wild things ...
Madhusmita Bora
Madhusmita Bora Filed under: Transportation

Shop the friendly skies? The airlines are hoping you'll buy while in the sky

Along with sandwiches and soda, you may one day be able to buy tickets to Lion King and Animal Kingdom while cruising 35,000 feet above ground. A New York Times story reported that the airline ...

Most Popular Car Makers



Headlines from WalletPop Partners