Tyre Price Warning

[300+]

Just had some AT2s fitted and commented that the price had gone up from $300 to $390 in the last year. I was told that it would only get worse. :mad:

While I was there they had received faxes from Cooper & MT saying that prices would be going up in Jan by at least 10%. I saw the faxes with my own two eyes. They said that they expected all the brands to do the same - partly because the exchange rate.

So if you need tyres soon, buy before the end of the year, don't wait for the Jan sale as you may have a surprise!

Cheers, Steve

[101RRS]

It is all about the rapid fall of the aussie dollar.

Garry

[discowhite]

and a shortage of rubber!
cheers phil

[JDNSW]

But the worldwide recession that looks like it is coming may change things - but then you won't be able to afford new tyres anyway!

The exchange rate explanation is a bit of a furphy - most tyres come from Asian countries whose exchange rate is doing little better than Australia's. The real explanation is probably the high oil prices feeding through the chain - most of the rubber in tyres is synthetic - plus overall inflation. Both these factors may reverse by the end of the year or a bit later (oil is already less than half what it was six months ago), although I would not hold my breath about overall inflation decreasing.

John