Many of us have talked about the increase in prices that cars have suffered in recent years. It is due to several factors such as the component crisis or the geopolitical situation in Europe. Many users cannot afford to own a vehicle due to its initial price and also the other related expenses. In fact, now we have a fairly significant piece of information that is closely related. The tires are also more expensivewith a quite notable price rebound in 2022.
The National Association of Distributors and Importers of Tires (ADINE) has calculated the increase using data from the National Institute of Statistics (INE) and the result is not very encouraging. Last year its price rose 12.7% and it is at worrying levels. The reason is that it is 8.9 points more than the annual variation of the previous 2021. It is also striking that it is 7 points above the CPI, which closed last year at 5.7%. It’s certainly not something that helps drivers.
Following the study carried out, it can be seen that May was the month with the highest increase, with 2%. On the other hand, in December there was a fall of 0.2%, being the only month that slightly balanced the balance. Although the truth is that the rise in tire prices is a reflection of market behavior generally. In the first quarter there was a lot of activity, with workshops and distributors increasing stocks to anticipate price increases announced by manufacturers. Hence, in the second quarter there was more marked inflation.
The ADINE study also says that “the workshops assumed part of the rise of the costs without passing them on to the end customer”, so there were more victims than the drivers in this trend. In any case, it is widespread and the increase in tire prices also reflects the negative impact that the rise in energy costs and the price of raw materials and transportation on the automotive industry. In the end, all this affects the final price of the product and makes it increasingly difficult to maintain a car.
Source: Adine
