Tire Industry Woes Continue to Cause Supply Issues and Price Increases

The COVID-19 pandemic has been rough on virtually every segment of the economy, including tire manufacturing. Unfortunately, the problems have been ongoing for the automotive and tire industries with the effects of the Russian invasion of Ukraine. 

Tires in Stacks

The conflict has not only impacted tire production in these countries, but also the European Union. Increases in inflation and interest rates, as well as rising oil, diesel and gas prices, are all factors that continue to plague the tire industry.

According to tire industry projections, improvements in the situation are not expected to come this year:

“In terms of when issues will be resolved completely, this is likely a multi-year process, given the constraints at play. Demand remaining robust will continue to be a drag on shipping times, given the increased volume of goods without the expanded capacity to accommodate the increase in volumes being transacted.”

Until these ongoing issues are resolved, manufacturers will be forced to pass on escalating costs to the consumer.

Taking Care of Your Tires Has Never Been More Important

The best way to avoid dealing with tire supply problems and rising prices is to take care of the tires you have. If you are not already following a tire service and maintenance plan, now is the time to get started!

Protect Your Tire Tread

Regularly checking the condition of the tread on your tires is essential for extending the life of your tires. We don’t often think about looking at our tire tread unless we suspect a leak or have had an encounter with sharp road debris. Regularly looking at your tire tread means you’ll be more likely to notice wear trends before excessive damage can occur. If caught early enough, improper wear patterns in the tread, such as feathering or cupping can be corrected before too much damage occurs.

Keep Tires Correctly Inflated

Proper inflation is an extremely important part of tire maintenance that will prolong tire life. If tire inflation drops to a level that is below the recommended pressure, added load is placed on the shoulder of the tire, causing premature wear. Under-inflation also generates heat build up within the tire, which in turn increases rolling resistance and reduces fuel economy.

Stay On Top of Regular Maintenance

Wheel alignment is an essential regular maintenance service you need. When tires are unable to run straight ahead, accelerated tread wear occurs on some areas of the tire. Tire rotation should also be performed on a regular basis. A consistent and documented schedule of tire rotation will promote even tread wear. Failing wheel and suspension components can also compromise tire service life. Replace shock absorbers and other suspension components as part of overall maintenance.

Consistent tire maintenance will prevent your vehicle from experiencing a variety of problems, including uneven and premature tire tread wear. Protecting your tire investment will pay off when you need to watch your budget the most.